Supercommittee members Sen. Pat Toomey and Rep. Jeb Hensarling are taking flak from some conservatives for proposing a deal including increases in "revenues," and a Washington Post reporter had some fun insinuating that they were backing a tax-rate increase.
In what was designed to be a modern day re-play of the Lincoln-Douglass style debate, Newt Gingrich reinforced he’s the best candidate in the GOP field with what appears to be the slimmest odds of capturing the nomination. Newt not only was knowledgeable of the issues but gave practical solutions for solving the country’s problems. Conversely, Cain repeatedly abdicated first responses to questions to Gingrich and kept agreeing with Newt’s answers.
A smaller-than-expected 80,000 gain in nonfarm payrolls was bolstered by upward revisions in the prior two months, amounting to 102,000 additional jobs. So over the past three months the establishment survey has averaged 114,000. It’s really nothing to write home about.
In a budget nearing $4 trillion a year, it strains incredulity to hear members of the so-called "supercommittee" say they're still no closer to finding $1.2 trillion in savings over the next decade.