{"id":705,"date":"2011-09-07T22:34:34","date_gmt":"2011-09-08T02:34:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=705"},"modified":"2011-09-07T22:34:34","modified_gmt":"2011-09-08T02:34:34","slug":"super-committee-told-1-2-trillion-is-not-enough","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/07\/super-committee-told-1-2-trillion-is-not-enough\/","title":{"rendered":"$1.2 Trillion Is Not Enough"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">Budget experts from both political parties warned at a Business Roundtable forum on Tuesday that the congressional Super Committee preparing for its first meeting later this week needs a long-term vision that goes beyond cutting $1.2 trillion from the federal deficit over the next decade.<\/span><\/p>\n<p><span style=\"color:#008080;\">\u201cThese guys have only a 10-year window. They can get $1.2 trillion fairly easily. But don\u2019t think that\u2019s success,\u201d said Alice Rivlin, founding director of the Congressional Budget Office and a senior fellow at the Brookings Institution. \u201cSuccess is putting in place longer-term reforms that are going to stabilize the debt\u2026 it means a lot more than $1.2 trillion, and it means ultimately what would come out of this would be more like $4 trillion or $5 trillion.\u201d<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.thefiscaltimes.com\/Articles\/2011\/09\/07\/Super-Committee-Told-1-2-Trillion-Is-Not-Enough.aspx#page1\">Super Committee Told $1.2 Trillion Is Not Enough<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget experts from both political parties warned at a Business Roundtable forum on Tuesday that the congressional Super Committee preparing for its first meeting later this week needs a long-term vision that goes beyond cutting $1.2 trillion from the federal deficit over the next decade. \u201cThese guys have only a 10-year window. They can get &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/07\/super-committee-told-1-2-trillion-is-not-enough\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;$1.2 Trillion Is Not Enough&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[1357,1406,3200],"class_list":["post-705","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-federal-deficit","tag-fiscal-budget","tag-spending-cuts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$1.2 Trillion Is Not Enough - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.2 Trillion Is Not Enough - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Budget experts from both political parties warned at a Business Roundtable forum on Tuesday that the congressional Super Committee preparing for its first meeting later this week needs a long-term vision that goes beyond cutting $1.2 trillion from the federal deficit over the next decade. \u201cThese guys have only a 10-year window. 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It said growth would taper off to 3.1% in 2022 and 1.1% in 2023. The CBO said the fiscal\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61744,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/22\/big-beautiful-bill-threatens-bond-market-blowout\/","url_meta":{"origin":705,"position":1},"title":"Big Beautiful Bill threatens bond market blowout","author":"Colin Twiggs","date":"May 22, 2025","format":false,"excerpt":"Summary The bond market reacted to the record tax and spending bill in Congress that extends tax cuts for corporations and the wealthy The bipartisan Committee for a Responsible Federal Budget estimates the bill would add between $3.3 trillion and $5.2 trillion to the US federal debt, depending on whether\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-22-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-22-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-22-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5465,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/14\/tony-robbins-the-national-debt-and-federal-budget-deficit-deconstructed\/","url_meta":{"origin":705,"position":2},"title":"Tony Robbins &#124; The National Debt and Federal Budget Deficit Deconstructed","author":"Colin Twiggs","date":"September 14, 2012","format":false,"excerpt":"The $15 trillion U.S. national debt -- how big is it really? And what can we do about the enormous federal budget deficit? http:\/\/youtu.be\/jboTeS9Okak","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/jboTeS9Okak\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":63928,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/23\/gold-plunges-2\/","url_meta":{"origin":705,"position":3},"title":"Gold Plunges","author":"Colin Twiggs","date":"March 23, 2026","format":false,"excerpt":"Key Points Gold is trading at $4,230 per ounce, having breached primary support at $4,400. Gold breached primary support between $4,400 and $4,600 per ounce, triggering further stop-loss selling. There are two primary reasons for the current sell-off: Gulf states are expected to liquidate reserves, including gold bullion, to support\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-23-gold3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-23-gold3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-23-gold3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":27347,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/12\/inflation-surge-excites-gold-bulls-as-real-yields-fall\/","url_meta":{"origin":705,"position":4},"title":"Inflation surge excites Gold bulls as real yields fall","author":"Colin Twiggs","date":"August 12, 2021","format":false,"excerpt":"The consumer price index (CPI) is holding steady , at 5.4% year-on-year in July, while the more volatile core CPI, excluding food and energy, eased slightly to 4.2%. CPI & Housing Although July CPI figures are high, they vastly understate housing costs for consumers. Case-Shiller's National Home Price index jumped\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4092,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/16\/dems-lay-trap-for-gop-with-buffett-rule\/","url_meta":{"origin":705,"position":5},"title":"Dems Lay Trap for GOP with Buffett Rule","author":"Colin Twiggs","date":"April 16, 2012","format":false,"excerpt":"Do Top Earners Pay Too Little?Taxpayers earning more than $1 million a year pay an average U.S. income tax rate of nearly 19 percent, according to the Tax Policy Center. The top individual tax rate is 35 percent. Loopholes and other deductions help lower that rate so that most Americans\u2026","rel":"","context":"In &quot;Financial Planning&quot;","block_context":{"text":"Financial Planning","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/other\/financial-planning\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=705"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/705\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}