Thursday
Feb052009
Economic Crisis-Tip of the Iceberg?
by Christina Lovato, University of New Mexico-Talk Radio News Service
“I came to the conclusion that unless we did something about this problem in terms of tax reform and entitlement reform that my children and grandchildren would not have the same opportunity for the quality of life and standard of living that I’ve had. That we owed it to them... to be responsible and deal with this project.” said Senator George Voinovich (R-Ohio)
Today at a press conference held by Senators Kent Conrad (D-N.D.), George Voinovich (R-Ohio), Congressmen Jim Cooper (D-Tenn.), Frank R. Wolf (R-Va.), and David Walker, CEO of the Peter G. Peterson Foundation addressed policy ideas including a bipartisan, action-oriented commission or task force that would pertain to America’s structural deficit and rising debt levels. Walker also announced the Foundation’s plans for a $1 million-plus DC-focused media advertising campaign aimed at raising awareness of America’s financial crisis.
“Americans are reading the papers today see a lot of bad news, a lot of bad economic news and they don’t know what to make of it. They don’t know if we have a bad cold or maybe an Phneomnia or if it’s worse than that’s may be a kind of economic cancer... I’ve had cancer and that's a bad day when you get that diagnosis... but you would like to get that diagnosis early so you can do something about it instead of getting that dreaded diagnosis late. We are here today to try to cure this problem for America.” said Cooper.
“I came to the conclusion that unless we did something about this problem in terms of tax reform and entitlement reform that my children and grandchildren would not have the same opportunity for the quality of life and standard of living that I’ve had. That we owed it to them... to be responsible and deal with this project.” said Senator George Voinovich (R-Ohio)
Today at a press conference held by Senators Kent Conrad (D-N.D.), George Voinovich (R-Ohio), Congressmen Jim Cooper (D-Tenn.), Frank R. Wolf (R-Va.), and David Walker, CEO of the Peter G. Peterson Foundation addressed policy ideas including a bipartisan, action-oriented commission or task force that would pertain to America’s structural deficit and rising debt levels. Walker also announced the Foundation’s plans for a $1 million-plus DC-focused media advertising campaign aimed at raising awareness of America’s financial crisis.
“Americans are reading the papers today see a lot of bad news, a lot of bad economic news and they don’t know what to make of it. They don’t know if we have a bad cold or maybe an Phneomnia or if it’s worse than that’s may be a kind of economic cancer... I’ve had cancer and that's a bad day when you get that diagnosis... but you would like to get that diagnosis early so you can do something about it instead of getting that dreaded diagnosis late. We are here today to try to cure this problem for America.” said Cooper.
Republicans Boycott Climate Change Markup
Republican Senators on the Environment and Public Works Committee Tuesday are boycotting the first session of the committee’s markup of the Clean Energy Jobs and American Power Act, or Kerry-Boxer bill, in an effort to urge the committee to submit the legislation to the Environmental Protection Agency for economic analysis.
Democrats on the committee expressed their displeasure with the absence of the Republican members, with Sen. Frank Lautenberg (D-NJ) dubbing the missing Republican members as being “AWOL."
"Frankly, I’m shocked these Republicans have evaded this markup,” Lautenberg said.
The only Republican Senator who appeared with the committee was Sen. George Voinovich (R-Ohio). The Senator spoke as a "mock spokesman," as Sen. Bernie Sanders (I-VT) put it, explaining that he, along with his Republican colleagues, are ready to work with the committee and the EPA in a bipartisan fashion under proper circumstances.
“As the leader of this committee, I hope you will make the right decision, for the sake of my constituents, for the sake of bipartisanship and for the future of this country,” Voinovich told Chairwoman Barbara Boxer (D-Calif.).
Voinovich stressed the importance of putting the bill through a full economic evaluation with the EPA before the markup process continues.
“While I believe that S.1733 will likely move forward with policies that I oppose, I can’t imagine why we would move ahead without the best information possible from the agency that will be charged with implementing the legislation,” said Voinovich.
At the close of Voinovich’s remarks, in a sign of bipartisanship, Voinovich shook hands with Chairman Barbara Boxer (D-Calif.) and offered to work with the majority party through the markup process.
Boxer reiterated throughout the markup that Republicans will be more than welcome to join the committee later today and through the rest of the process.
"The door will be open, and I encourage the Republican members to join us at work to get the job done," said Boxer
The committee will stop the markup at 2:30 to allow testimony to be heard from EPA officials.