Outside editorial: Greek lessons

The following editorial first appeared in the Los Angeles Times:

Perhaps the toughest job in Washington today is being a member of the congressional “super committee” trying to slash federal borrowing by at least $1.2 trillion over the coming decade. To hit that target, members will have to bridge a deep partisan divide over taxes, spending programs and the effect of government spending on the economy. If they have any doubts about the need to cut a deal, however, they should turn their attention to what’s happening on the other side of the Atlantic.

The chances of the committee succeeding seemed to fade last week when its six Democrats and six Republicans released separate proposals that were quickly dismissed by the other party as “a joke” or “not serious.” The reasons for the lack of consensus were distressingly familiar: The GOP wouldn’t countenance tax increases, but without them Democrats wouldn’t accept cuts in Medicaid and Medicare benefits. Should the committee fail, $1.2 trillion would be cut automatically from the federal budget over the coming decade. More immediately, the display of governmental dysfunction could trigger a potentially damaging downgrade of federal bonds.

While the committee has been deliberating, leaders in Europe have been struggling to contain the damage caused by a potential default by Greece. They agreed last week to a partial bailout for Greece’s creditors, most of which are European banks. But the deal, which was barely adequate at best, is in danger of unraveling because Greek Prime Minister George Papandreou has called for a referendum that would allow Greek voters to reject the deal, and banks are balking at the “voluntary” losses they’ve been urged to take. Global stock markets have plunged, reflecting fears that Greece will default and the debt crisis will spread wider and more chaotically.

The fiscal problems faced in Europe are different from the ones here, but the challenge for policymakers is essentially the same: Having promised the public more than they can reasonably deliver, governments now have to pare back in a way that limits the damage to the economy and spreads the pain equitably. Washington’s short-term deficit problems stem mainly from the recession; the long-term ones are due primarily to rising healthcare costs that are making Medicare and Medicaid unsustainable.

The way forward for the committee has been charted by a series of expert panels that have developed detailed proposals for bringing the federal debt under control. Although their specifics differ, they all call for much more deficit reduction — $4 trillion — accomplished through program cuts, benefit reductions and tax increases. In other words, the plans call for two things the committee has yet to embrace: a real solution instead of a half measure, and truly shared sacrifice. Last week’s proposal from European leaders didn’t have those qualities either.


Wed, 02/22/2017 - 11:53

Stand with Alaskans and stand with Planned Parenthood

I appreciate Sen. Lisa Murkowski’s recent decision to support repealing the Trump administration’s global gag rule. The global gag rule bans federal money for overseas family planning programs if the programs also provide abortion, or provide information about abortion. The global gag rule puts thousands of lives at risk, and Murkowski has rightly recognized that. I praise Murkowski, and want her to know that Alaskans stand with her in supporting access to family planning services. This means that we support Planned Parenthood, and we hope she will stand with us in the coming weeks by refusing to vote for any changes to the Affordable Care Act that include defunding Planned Parenthood. Read more

Wed, 02/22/2017 - 08:42

Alaska editorial: The opioid issue

This editorial first appeared in the Ketchikan Daily News:

Read more
Wed, 02/22/2017 - 08:41

Expanding apprenticeship in rural Alaska

We are proud to announce a new statewide training initiative: the Alaska Maritime Apprenticeship Program. Over the past year, the Calista Corporation, in partnership with the state and federal government, has built a Registered Apprenticeship program to train Alaskans for careers on deck, in the engine room, and in the galley, earning both a salary and an industry-recognized credential. Working with a group of companies including Brice Marine and Yukon River Towing, we are expanding career and training opportunities for Alaskans in the maritime industry.

Read more
Wed, 02/22/2017 - 08:40

Transboundary mining: Defending Alaska’s interests

It is a big week for Alaska’s capital city. Senators Lisa Murkowski and Dan Sullivan are in town to address the Alaska State Legislature, the United Fishermen of Alaska (UFA) Board of Directors, and all Alaskans. There are a number of issues on which the state of Alaska, including our elected decision makers at both the state and federal levels, can show unity. One of those critical issues is asking the U.S. federal government to defend Alaskan interests in the Alaska-British Columbia (B.C.) transboundary mining issue.

Read more


  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback