Opinion: Debt 'compromise deal' falls short

Whenever the U.S. president and leaders of both parties are excited about a deal that creates a “framework” for addressing the debt, I know that we are in trouble. I understand that the Republican leaders have worked hard at trying to reach a “compromise,” but what I don’t understand is why they just don’t work hard at cutting spending now. Instead, we get a “compromise deal” that could only be stamped “Made In Washington.” I want to make it clear – we have to honor and pay our debt obligations. However, to agree to a deal that essentially abdicates power to a super committee to come up with budget cuts and tax increases is not good for the people of this country whose voice is heard through their own elected representatives. No amendments to this committee’s proposal will be allowed – and that’s ridiculous. What self-respecting lawmaker would agree to give away their power to represent their constituents?

My other concerns based on the limited details of this “framework” are that it includes minimal cuts in this year’s budget, and it basically forfeits the goal of a balanced budget or reducing the size and scope of government, both of which are essential to the long-term health of this economy and to the credit markets. It opens the door for huge cuts in Defense spending and increases the effective tax rates by closing loopholes without lowering tax rates.

I appreciate that our GOP leaders have worked hard at trying to negotiate a good deal. But I would remind them of Ronald Reagan’s words, “If not us, who? If not now, when?” Now is the time to stand firm and start cutting spending and shrinking the size of government. I would have voted “No.”

—Sarah Steelman, Rolla