fiscal cliff

Hope for compromise recedes as budget debate begins
CNN News Wire
Mar 13 2013

Spending cuts and more tax revenue

WASHINGTON, D.C.—Nothing, it seems, can bridge the bottomless political divide in Washington over taxes and spending.

Not an election last November that gave President Barack Obama a second term. Not polling that shows a strong majority of Americans want both sides to compromise in forging an agreement to reduce chronic federal deficits and debts.

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From entrepreneur to leaderpreneur
Shaune B. Arnold, Esq. | Business Strategist  |   OW Contributor
Jan 10 2013

The Business Mind

Despite our recent elections, and the return to business as usual in Washington, many of us are still holding our economic breath. While politicians argue over “fiscal cliffs,” many of us are waiting for a signal that the economy can begin chugging again in earnest. Breaking the grip of this lethargy demands that the American entrepreneur recapture and re-internalize the mindset of a leader.

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Fiscal cliff averted, but Black Caucus worries that cuts still loom
Cynthia E. Griffin
Jan 3 2013

Sequestration is the major concern

With both the House and Senate having passed legislation—American Taxpayer Relief Act of 2012 (H.R. 8)—that will keep the American economy from plunging over the so-called fiscal cliff, and President Barack Obama poised to sign the bill any day, there are still lingering concerns that must be addressed. This is particularly true about the remaining sequestration (automatic cut) requirements.

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Fiscal Cliff: When public policy hurts the poor
Julianne Malveaux  |   OW Contributing Columnist
Nov 29 2012

Counting the Cost

Discussions of the fiscal cliff also include discussions about ways to change Social Security and Medicare benefits in order to save money. One of the proposals is to raise the Social Security retirement age to 70.

After all, some argue, there is nothing magic about 65 or 67, so why not push the rate up to 70?

The difference is the kind of work we do. I can’t imagine that I will ever stop talking and writing, advanced age notwithstanding. 

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Falling off the fiscal cliff will hurt everyone
Harry C. Alford  |   OW Guest Contributor
Sep 27 2012

Beyond the Rhetoric

Ignorance is not bliss. However, there are too many of us who are ignoring the discussion about a legislative maneuver known as “Sequestration.” This is also known by a more descriptive term, “fiscal cliff.” (Federal Reserve Chairman Ben Bernanke coined the phrase.) Unless this is updated, all financial rules and budgeting will come to a halt on Dec. 31, 2012. Let me tell you about a few of the programs that are at risk.

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Across Black America

Here’s a look at African American people and issues making headlines throughout the country.
 

Alabama
Freeman A. Hrabowski, president of the University of Maryland, Baltimore County, will address the annual African American Business Council luncheon on June 28. Hrabowski, who is chairman of President Barack Obama’s Advisory Commission on Education Excellence for African Americans, has a national reputation for his work studying the performance of minority students in math and science. Hrabowski, named one of the 10 best college presidents in the country by Time magazine, was a child leader in the Civil Rights Movement in Birmingham in the 1960s.
 

Arkansas
The Liberty Counsel filed a motion and a brief in United States District Court for the Eastern District of Arkansas seeking to intervene on behalf of a Concepts of Life crisis pregnancy center to defend against a suit filed by the American Civil Liberties Union and the Center for Reproductive Rights. The groups seek to impose a permanent injunction before the Human Heartbeat Protection Act goes into effect July 18. Liberty Counsel also filed a brief opposing the ACLU’s request for an injunction. The “Heartbeat” bill states that when a woman seeks an abortion at or after the 12th week, doctors must test for a fetal heartbeat before an abortion is performed and inform the pregnant mother that the child in her womb has a heartbeat. If a heartbeat is detected, a woman cannot have an abortion, except in cases of rape, incest, and if a mother’s life is in danger. “As we promised when the legislation was introduced, Liberty Counsel will defend this law without reservation for the people of Arkansas, born and pre-born,” said Matt Staver, founder and chairman of Liberty Counsel. “No right is more foundational than the right to life. Without life, all other rights are irrelevant,” concluded Staver.

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