Huntsman, Manchin named new leaders of movement
NO LABELS TO UNVEIL HUNTSMAN AND MANCHIN AS NEW LEADERS: At the Meeting to Make America Work! No Labels is proud to unveil Gov. Jon Huntsman and Sen. Joe Manchin as the new leaders of the movement. "At this moment in our history, working to bridge the partisan divide is both the principled and the patriotic thing to do. Governor Huntsman and Senator Manchin can play a critical role in building support across the country for our parties coming together," says Co-Founder Bill Galston: Kelsey McLaughlin for No Labels Blog: New Leaders of No Labels: Gov. Huntsman and Sen. Manchin
MANCHIN A WINNER: Manchin has been in the news recently as a common-sense leader who looked for long-term, across-the-aisle solutions to solve the fiscal cliff as opposed to the stopgap solution we got: Chris Cillizza for The Washington Post: Winners and losers in the fiscal cliff deal
WHAT'S AHEAD FOR 113TH CONGRESS: Today is the first day in session for the 113th Congress, and there is some hope that it can be more productive than the previous session. After spending time with the freshman class, No Labels Co-Founder Mark McKinnon says, "This freshman class made an impression because they were: A) largely from entrepreneurial backgrounds and B) campaigned in an environment that was all about problem solving rather than hyper-partisanship and finger-pointing.” Meanwhile, Gail Collins says, "The bar is low, since some people believe the departing 112th Congress was the worst in history, because of its stupendous lack of productivity and a favorability rating that once polled lower than the idea of a Communist takeover of America."
NO-BIG-DEAL DEAL: The deal from the fiscal cliff epitomized the previous session of Congress solution to any problem — punt the decision down the field. "The goal was, or should have been, larger: not only to prevent instant fiscal shock but also to help avoid future fiscal catastrophe. By this metric, the deal was a flop," writes Ruth Marcus. We need this new session of Congress to remember that voters want to see solutions, not gridlock: Ruth Marcus for The Washington Post: On the fiscal cliff, a no-big-deal deal
MARKETS SHOW CONFIDENCE: After the fiscal cliff deal was announced, the stock markets surged, rising over 300 points. While it is clear that the markets respond to Washington actually doing its job, imagine what would happen if our leaders could reach a long-term solution. "We need our elected officials to stand up and work across the aisle to show real leadership on our nation’s fiscal issues. This isn’t a partisan issue — it’s an American issue. Solving problems for the future is the only way to make this temporary confidence permanent." No Labels Blog: Markets Surge as Fiscal Cliff Avoided
MORE ACTION NEEDED: While the investors may like what they see from Washington, credit rating agencies are looking for more action. Peter Schroeder writes, "[Moody's] said the deal hammered out by Congress and the White House on taxes is merely a first step, and the U.S.'s credit rating could be affected "negatively" if Washington fails to take further steps to rein in the deficit." Hopefully our leaders can see that there is still major work to do, especially after a watered-down deal: Peter Schroeder for The Hill: Moody's: More action needed to avoid credit rating downgrade
NO FILIBUSTER REFORM FOR NOW: Senate Majority Leader Harry Reid said that he will postpone filibuster reform, giving him time to work with leaders from both parties. As part of our Make Congress Work! action plan, we support filibuster reform, but done in a responsible way with across-the-aisle support. We applaud Reid for not shoving this down the throats of the other side: Alexander Bolton for The Hill: Reid will postpone filibuster reform
THE DAILY BREAK: Check out Les Fiscal Miserables' Tumblr page.
ACTION OF THE DAY: Share one of our Facebook posts with your friends.
STAT OF THE DAY: The slightly higher rates on debt during the 2011 debt ceiling standoff will cost U.S. taxpayers about $18.9 billion in additional interest payments, according to the Bipartisan Policy Center: Binyamin Appelbaum for The New York Times: Debt Ceiling Doubt and Its Costs