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US DEBT PANEL meets for first time, vow compromise – Reuters

September 8, 2011

UPDATE 1-US debt panel meets for first time, vow compromise

Thu Sep 8, 2011 12:23pm EDT

* Panel holds first meeting, many urge compromise

* Some Republicans suggest tax reform

* Democrats say job creation key (Updates with first meeting, quotes)

By Kevin Drawbaugh and Donna Smith

WASHINGTON, Sept 8 (Reuters) – Members of a congressional “super committee,” charged with finding at least $1.2 trillion in new deficit reductions, vowed to help get America’s fiscal house in order when they met for the first time on Thursday.

The panel of 12 congressional Democrats and Republicans acknowledged they had a tough road ahead of them and must keep open minds to reach an agreement. They used the opening meeting to make brief statements and set rules for operating,

The committee has until only Nov. 23 to grapple with divisive questions of whether to cut popular social safety net programs and whether wealthy corporations or individuals should be taxed more — and it is doing so with the 2012 national elections coming into focus.

via UPDATE 1-US debt panel meets for first time, vow compromise | Reuters.

One Comment
  1. September 8, 2011 9:35 AM

    They should have thought of this back in 93. But then, the Federal Reserve Act was a direct assault against the U.S. Treasury by the central banks. The statement about this act of war was that the legislation had the support of the people. That is a lie. The act had the support of a f3ew prominent men and the treasonous cooperation of Woodrow Wilson and Congress. The United States of America was privatized through the corrupring efforts of J. P. Morgan, Paul Warburg, J. D. Rockefeller, Andrew Carnegie, and their cabal. Corporatism took a death grip on America and nothing has been eight, since.

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