Despite what many of us may wish, the political argument over the federal budget and the future direction of our nation's fiscal policy has not been settled, but rather has merely wrapped up an initial phase with the agreement reached in Congress. Still to be decided is how to reduce the nation's debt by another $1.5 trillion, which is a matter to be decided through a process involving a bi-partisan Congressional "Super Committee" this autumn. With a voluntary government default having been avoided, the next stage of debate will be played out under the threat of across-the-board program cuts being automatically deployed, if agreement cannot be reached. On the block will be military and key domestic programs, raising the specter of deep budget cuts that many would find intolerable.
This was previously available at Washington Informer.
Since 1972, FOCUS magazine has provided coverage of national issues to a leadership audience of over 18,0000 readers.
