Comments
Niklas Bjorkman wrote: Firstly I agree with your conclusion. NewSQL takes the best of the traditional databases and NoSQL databases to combine the benefits of both worlds. I do not agree that NewSQL vendors focus on giving scale-out features to transactional data. The NewSQL market is focusing on giving true ACID support combined with extreme performance, stepping away from the traditional relational structures in databases. A lot of developers appreciate the ease of accessing data using SQL and I think we will see more and more databases supporting standard SQL. As you said - NewSQL databases often maintain the...

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Rep. Fattah Introduces Bill That Ties Debt Ceiling to Congressional Spending and Avoids Future "Fiscal Cliffs"

WASHINGTON, Jan. 3, 2013 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA) offered legislation today on the first day of the new Congress that will head off one of the thorniest problems of the previous Congress – constant and pointless wrangling over the debt ceiling.

Fattah, a senior Appropriator from Philadelphia, introduced the "Ending Fiscal Cliffs Act of 2013," one of the first bills before the 113th Congress. The legislation streamlines the process of raising the debt ceiling – which Congress could face within two months - to avoid paralyzing political maneuvers.

Under the current system, Congress authorizes Federal spending, then must grant redundant approval to borrow sufficient funds to cover the spending it has already approved. Fattah's bill restructures the process to make it more efficient. It allows the Administration to raise the debt ceiling, as necessary, in order to avoid default whenever Congress spends money or reduces revenues.

Fattah said the near-paralysis and threatened tax increases over the so-called "fiscal cliff" this week were set in motion by "the short-term, short-sighted and flawed resolution" during the 2011 debt ceiling debate. Enactment of the Fattah bill would prevent future "fiscal cliff" fiascos, including one that is looming when the debt ceiling limit is reached in two months.

"When Congress orders from the menu of spending, it's like going to a restaurant and ordering a meal from the menu," Fattah said, "There's no question about having to pay the bill – when you order the food, you agree to pay for it. There's no second debate over whether or not to pay the bill.

"Stability and predictability in the full faith and credit of the United States are critical to the nation's economic security," Fattah said. "The question of whether the United States will meet its debt obligations has long been decided in the affirmative and should not need further negotiation. This bill puts in place a solid remedy to ensure America meets its obligations."

The Philadelphia Congressman added, "This bill clarifies what's at stake in the recent budget-spending-revenue debate that was labeled 'the fiscal cliff.' How much money the federal government should raise and spend is an important, fundamental debate for Congress. But the debt ceiling is a phony distraction."

The Fattah bill directs the Secretary of the Treasury to determine whether Congressional expenditures require borrowing in excess of the existing debt limit. If so, the Secretary may raise the ceiling without further approval from Congress.

SOURCE Office of Congressman Chaka Fattah

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
A recent study by analyst firm IDC reports that in 2012, 1.7 million cloud computing-related roles across the globe could not be filled due to the lack of training, certification and experience in the applicant pool. As the global demand for cloud and big data expertise increases, empl...
There’s an inherent sense of almost forced innovation that appears to pervade the information technology industry. As we constantly push forward into perpetual cycles of reinvention, continual enhancement and augmentation after augmentation, one almost has to stop and ask what’s wrong ...
New technologies allow schools, colleges and universities to analyze absolutely everything that happens. From student behavior, testing results, career development of students as well as educational needs based on changing societies. A lot of this data has already been stored and is us...
Legos have been a part of my life for as long as I can remember. Some of my earliest, fondest memories involve Legos - starting from a small car made from a couple of simple bricks to very complex spaceships and wild creatures. I’m always amazed at how nicely and cleanly they snap toge...
“Trust is an ongoing journey and sits at the foundation of any vendor relationship – the companies that don’t consistently earn trust won’t be around long,” noted Henrik Rosendahl, Senior VP of Cloud Solutions at Quantum, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Ge...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE