To equitably reduce the deficit in a way that maintains good faith with the American people requires tax increases. Yes, new taxes are necessary. Especially those focused on the speculators who caused the crash.
The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.
Never in the history of this country has Congress ever restricted the right of the White House or State Department to meet with representatives of a foreign state, even in wartime. If this measure passes, it will establish a dangerous precedent.
It's time for Wall Street to pay reparations for the financial collapse it caused. It's time for a crash tax, a tiny sales tax on Wall Street transactions, the revenues from which would pay for Main Street restoration.
Occupy Wall Street caught on quickly and dramatically, and has already achieved the seemingly impossible by changing the public dialog from what Washington wants to discuss -- deficits -- to what the rest of the country wants to talk about.
A recently proposed Wall Street Tax on financial transactions would cover nearly all of the Super Committee's mandated deficit reductions. So Congress is about to face a telling choice. Will they vote to tax Wall Street gamblers in the 1%?
Last week, Senator Tom Harkin (D-Iowa) and Representative Peter DeFazio (D-Ore.) renewed efforts to enact a financial speculation tax. The Occupy movements across the United States should demand this initiative.