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Occupy Black Friday

November 14, 2011 - Rob Weaver
House Majority Leader Eric Cantor, R-Va., reportedly expressed confidence Monday Congress’ deficit-reduction super committee would agree on a plan to reduce the deficit by $1.2 trillion over 10 years by a Nov. 23 deadline. I hope Cantor’s optimism is warranted. I hold out that hope for the sake of our nation. But I must confess I’d like to see the public reaction to a deficit-reduction plan the day before Thanksgiving. Would the United States see anti-austerity protests similar to those staged in Greece, Britain, Portugal and other European countries? Or would the only crowds out and about on Black Friday be composed of shoppers? Any plan to reduce the amount our federal budget is out of balance is bound to displease almost everyone. (Notice I couldn’t write “to balance the budget” -- that would require a reduction of $1.2 trillion NEXT YEAR). Would out nation have chaos in the streets? Then again, participants in the Occupy Wall Street already have been out protesting. Perhaps their ranks would swell after Thanksgiving Day. Will Americans use a day of vacation to Occupy Main Street instead of occupying Barcaloungers and stores? Would they bring picnic baskets full of leftovers? Wednesday, a week before the super committee’s deadline, a group of millionaires plans to lobby the panel for a most unusual request: a tax increase. A group called Patriotic Millionaires for Fiscal Strength plans to send two dozen members to ask lawmakers to raise taxes on people earning at least $1 million a year. The group told The Associated Press it plans to meet with seven members of the deficit-cutting panel or their staffs, House minority leader Nancy Pelosi and anti-tax activist Grover Norquist. I have just one request: That any tax increases be used strictly for debt reduction. The faster our nearly $15 trillion national debt is paid off, the better.


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