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FULL STORYFormer President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves.
"If they [the Republicans] said, look, that now is not the time for big tax increases to harm the recovery, they would be right," Clinton told ABC News in an exclusive interview at the Clinton Global Initiative America conference in Chicago. "But it's also right to say that now's not the time for big spending cuts.
"What I'd like to see them do is agree on the outlines of a 10-year plan and agree not to start either the revenue hikes or the spending cuts until we've got this recovery underway," Clinton added. "The confidence that the Republicans say would be given to investors with a budget plan, they'd get whether we started this year or next year or the year after that, for that matter."
Bill Clinton has a plan for the debt problem.....
FULL STORYFormer President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves.
"If they [the Republicans] said, look, that now is not the time for big tax increases to harm the recovery, they would be right," Clinton told ABC News in an exclusive interview at the Clinton Global Initiative America conference in Chicago. "But it's also right to say that now's not the time for big spending cuts.
"What I'd like to see them do is agree on the outlines of a 10-year plan and agree not to start either the revenue hikes or the spending cuts until we've got this recovery underway," Clinton added. "The confidence that the Republicans say would be given to investors with a budget plan, they'd get whether we started this year or next year or the year after that, for that matter."
So the big plan from Bubba is essentially to do nothing. Isn't that how we got in this mess?????
Bill Clinton has a plan for the debt problem.....
FULL STORYFormer President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves.
"If they [the Republicans] said, look, that now is not the time for big tax increases to harm the recovery, they would be right," Clinton told ABC News in an exclusive interview at the Clinton Global Initiative America conference in Chicago. "But it's also right to say that now's not the time for big spending cuts.
"What I'd like to see them do is agree on the outlines of a 10-year plan and agree not to start either the revenue hikes or the spending cuts until we've got this recovery underway," Clinton added. "The confidence that the Republicans say would be given to investors with a budget plan, they'd get whether we started this year or next year or the year after that, for that matter."
So the big plan from Bubba is essentially to do nothing. Isn't that how we got in this mess?????
Bill Clinton has a plan for the debt problem.....
FULL STORYFormer President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves.
"If they [the Republicans] said, look, that now is not the time for big tax increases to harm the recovery, they would be right," Clinton told ABC News in an exclusive interview at the Clinton Global Initiative America conference in Chicago. "But it's also right to say that now's not the time for big spending cuts.
"What I'd like to see them do is agree on the outlines of a 10-year plan and agree not to start either the revenue hikes or the spending cuts until we've got this recovery underway," Clinton added. "The confidence that the Republicans say would be given to investors with a budget plan, they'd get whether we started this year or next year or the year after that, for that matter."
So the big plan from Bubba is essentially to do nothing. Isn't that how we got in this mess?????
"Long before 9/11, the White House debated taking the fight to al-Qaeda. By the time they decided, it was too late."
"As the new Administration took office, Rice kept Clarke in his job as counterterrorism czar. In early February, he repeated to Vice President Dick Cheney the briefing he had given to Rice and Hadley. There are differing opinions on how seriously the Bush team took Clarke's warnings. Some members of the outgoing Administration got the sense that the Bush team thought the Clintonites had become obsessed with terrorism. "It was clear," says one, "that this was not the same priority to them that it was to us."
For other observers, however, the real point was not that the new Administration dismissed the terrorist theat. On the contrary, Rice, Hadley and Cheney, says an official, "all got that it was important." The question is, How high a priority did terrorism get? Clarke says that dealing with al-Qaeda "was in the top tier of issues reviewed by the Bush Administration." But other topics got far more attention. The whole Bush national-security team was obsessed with setting up a national system of missile defense."
