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This morning, President Obama unveiled a plan to cut the national debt by about $3-trillion over the next decade. The plan is somewhat different from the plan he was trying to broker with the legislature over the past summer.  Financial analyst Troy Reinhart with Northwest Quadrant Wealth Management doesn't believe the plan is feasible. "When I listens to the speech today; he's our President and I respect him as our President. But it sounded very much like a campaign speech and it's probably one of those goal posts that sets out there that will be debated upon further and further. But as an intact plan that's going to get passed, it probably isn't going to get passed through the Democratically controlled Senate and certainly not through the Republican held House." Reinhart says in reality it calls for tax increases for the wealthy, and that is not a popular proposal with the republicans. He believes its a very short sighted plan and not sustainable in the long term. Obama's plan calls for $580 billion in mandatory spending cuts and $1.5 trillion in tax revenue.   $800 billion would be realized by letting the Bush era tax cuts expire for high income households. Another $400 billion would result from capping itemized deductions for high income households.

 

 

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Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.