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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Deficit-reduction principles backed by more than 80 U.S. chief executive officers are so broad that anti-tax advocate Grover Norquist and an ally of President Barack Obama both claim their plans could satisfy the standards.
The Campaign to Fix the Debt, with more than $30 million in backing, announced an expanded list of supporters yesterday, including the leaders of Verizon Communications Inc. (VZ), Cisco Systems Inc. (CSCO) and Microsoft Corp. (MSFT) On the most vexing issue -- whether tax increases should be part of a deal -- the principles refer to lower tax rates and higher revenue, not higher taxes.
Read it all. You can also find the CEO Debt Concerns Press Release here.
Filed under: * Culture-Watch History * Economics, Politics Economy Corporations/Corporate Life The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government The National Deficit Politics in General House of Representatives Senate US Presidential Election 2012 * Theology Ethics / Moral Theology
Next entry (above): East Coast of US Braces for Possible ‘Frankenstorm’
Previous entry (below): David Aikman: America’s Religious Past Fades in a Secular Age
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