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Paul Ryan, R-Wisconsin, is waging radical class warfare and ideological privatization schemes and selling it as a debt reduction plan," writes Karen Dolan in AlterNet.
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But even as the United States considers Pentagon cuts as part of a debt reduction deal, it asks its allies to shoulder more of the burden.
As Congress continues to wrangle over a debt reduction bill that will inevitably cut government spending, Friday's estimates of second-quarter gross domestic product provided a sobering look at how a decline in public spending and investment can restrain growth.
2) Create a debt reduction plan.
Republicans had previously pushed for major spending cuts, including to entitlement programs such as Social Security and Medicare, as part of a debt-reduction deal.
Pathmark, a supermarket chain with 137 stores stretching from New York to Delaware, filed in July for Chapter 11 protection from creditors in Bankruptcy Court in Wilmington as part of a debt-reduction effort.
suggested on CNN's "State of the Union Sunday that his party won't support Social Security reform as part of a debt-reduction plan.
Leaders from both chambers and parties are meeting with the administration nearly every day to work out a deal, after meetings on July 10 bore no agreements on whether to raise revenues as part of a debt-reduction plan.
Washington has probably already committed itself to as much debt reduction as it can credibly promise.
He also said there could be a "very strong negative impact" if the United States and other governments sought to "jawbone" the banks into a debt-reduction plan for Poland, as occurred late last year with Mexico.
In August, Sirius said it would raise as much as $500 million for debt reduction and capital spending.
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