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Marshall Goldsmith
Executive Coach/Author

Marshall Goldsmith

Marshall Goldsmith is an executive educator, speaker, coach and best-selling author. His most recent book is Mojo.

Another kick-the-can solution

Question: In a high-stakes game of political chicken, President Obama appears to have bowed to Republican threats to block the extension of tax cuts to the middle class--and all other legislation--unless a similar tax cut for high-income households was also included. Is this realistic bipartisan compromise after a sobering election, or is it a sign of weak leadership?

If we ever plan to avoid excessive debt, either Republicans will have to demonstrate the courage to raise taxes or Democrats will have to demonstrate the courage to cut spending. This latest 'realistic bipartisan compromise' is another kick-the-can solution that will produce no increases in revenue or decreases in spending--just more debt!

By Marshall Goldsmith

 |  December 6, 2010; 3:04 PM ET
Category:  Accomplishing Goals , Congressional leadership , Economic crisis , Government leadership , Making mistakes , Managing Crises , Political leadership , Presidential leadership , Self-Sacrifice Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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JJ - You may well be right. President Obama's recent move to freeze goverment spending showed a willingness to cut costs. As far as I know, few Republicans have not shown any interest in raising taxes.

Posted by: MarshallGoldsmith | December 7, 2010 11:29 AM
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The Dems are more likely to try to cut costs than the Repubs are to raise taxes. They either don't understand or don't want to understand that tax cuts do cost money. Or they just want to make the government so that it can't function. and we as a people fall for it.

Posted by: jjj141 | December 7, 2010 10:24 AM
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