"We had to many people that were working to save the world, who sort of lost track of the fact that our primary purpose in life is to create value for share holders"
http://bestin.com/userpost/quote-tony-hayward-working-save-world
"We had to many people that were working to save the world, who sort of lost track of the fact that our primary purpose in life is to create value for share holders"
http://bestin.com/userpost/quote-tony-hayward-working-save-world
White House Plan to Reduce Unnecessary Spending
In the run-up to mid-term elections in November, President Obama is under intense political pressure to show he is serious about cutting the budget deficit. Obama has now proposed an alternate to the line-item veto that the U.S. Supreme Court ruled unconstitutional in 1998.
The measure Obama is pushing would allow the President to force lawmakers to vote on cutting earmarks and wasteful programs from spending bills and would mark a profound change in the balance of powers between the executive and legislative branches of the U.S. government and could run into concerted congressional opposition. Under his proposal, after passage of each spending bill, the president could submit within 45 days a package of cuts or rescissions to spending that he deems wasteful. Congress would be required to vote on the package, up or down without amendments, within 25 days.
The administration is requesting what is known as enhanced rescission authority and is an attempt to strike a balance between current budget procedure and the line item veto that Congress gave to President Bill Clinton in 1996. In 1998, the Supreme Court ruled the line-item veto unconstitutional.
Early reception on Capitol Hill was mixed. Congressional Democratic leaders were non committal and Republicans were dismissive. Senator Orin Hatch (R-Utah) said it was hard to take the bill seriously when President Obama, as a senator, voted against a bill that would give similar authority to President George W. Bush.
By: http://new.rotor.com/Publications/RotorNewssupregsup/tabid/177/newsid375...
We still need major Social Security Reform, Banking Reform, Medicare Reform, Immigration Reform and Military Reform to solve the debt problem.
Now lets continue to criticize when we think he is wrong and support the good he does. Treat our President with regard, and respect and research before we speak, promote the truth. Tell Congress to do the same and negotiate but work for the BestIn our future.
Big business and our government. The compromise between the free market and government regulation, and (my opinion) in the worse case, government run, entities.
How does the gap between the rich, the middle class, and the poor, influence our decisions? How do we feel about the influence of money in politics?
Why do we allow health, banking and oil companies to give so much money to our representatives? How are they so big and need our tax money to stay in business?