Quote:
Originally Posted by Villages Kahuna
Maybe our dysfunctional Congress is a good thing.
What's in place right now are things that will happen at the beginning of 2013 that will whack about $7 trillion off the national debt in the coming decade. The changes will drive the annual deficits a lot closer to the targeted level of federal spending accepted by most fiscal experts, without even touching Social Security or Medicare.
Will it hurt? Sure. We'll all be paying noticeably more taxes with the expiration of the Bush tax cuts. And the Defense Department will really be hurting with the deep cuts that will apply to them. And we all will see some noticeable cuts to services and social programs. But diets and budget cuts will always cause some pain and discomfort, so no big deal.
The cuts that will automatically be achieved will be done without touching any entitlement programs. So they will remain as low-hanging fruit for even further cuts.
So I guess I've given up on Congress ever coming back from the brink of the deep and widening ideological and political divide between the parties. But maybe that's a good thing. They'll never get enough consensus to overturn the automatic spending cuts and tax increases that will happen beginning next year.
What's going to happen will have the result that we all know are necessary. So what are we arguing about?
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I realize that you look down on my posts but you never responded to post #50 in the thread "What is Obama hiding"...and would like to hear what you think......this is a
partial quote...
""Budget policy experts, including former CBO Director Alice Rivlin and Robert Greenstein of the Center on Budget and Policy Priorities, strongly endorsed the idea of giving Congress the first half of next year to come up with a comprehensive package or framework of savings and tax revenues, with the threat of the major tax expirations hanging over them.
“The fiscal cliff is a real cliff,” Rivlin said. “ It would be very bad for the economy and very bad for a lot of things people care about if we let all of the tax cuts expire all at once and the Alternative Minimum Tax and all the things that are in the cliff as well as the sequester.”
“It’s called [by some] kicking the can down the road,” she said. “It shouldn’t be. It is moving the fiscal cliff for a few months. It’s still there.”
And while nobody would disagree on the incompetence of our congress..YOU are not the only one who is aware, but I also in that post pointed out some positive things that are happening. I realize this is the mantra right now for the left..oh that cannot be...they do not play politics..only the Republicans..my bad. BUT lets then talk about all the bills sitting in the Senate that Reid will not even allow to be discussed let alone come to a vote.
You can rail, and you will on Republicans all you want, and THAT is a common theme in all your posts, but the congress is dysfunctional...NOT the Republican side of congress only. That attitude is what got us here.