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Final sticking point seems to be a cut in military spending.
that is the place where there should be compromise
the GOP compromises by cutting some military spending
the Dems compromise by cutting social spending
in other words both sides give up areas where they buy votes
raising taxes has no relevance. anyone who supports raising taxes BEFORE the government can prove it can cut has way too much faith those clowns in DC
Final sticking point seems to be a cut in military spending.
Any program that has the word government in front of it has fat. All programs are going to have to go under the knife. No sacred cows.
Even with this we are still not out of the woods.
that is the place where there should be compromise
the GOP compromises by cutting some military spending
the Dems compromise by cutting social spending
in other words both sides give up areas where they buy votes
raising taxes has no relevance. anyone who supports raising taxes BEFORE the government can prove it can cut has way too much faith those clowns in DC
that is the place where there should be compromise
the GOP compromises by cutting some military spending
the Dems compromise by cutting social spending
in other words both sides give up areas where they buy votes
raising taxes has no relevance. anyone who supports raising taxes BEFORE the government can prove it can cut has way too much faith those clowns in DC
Color me cynical. So the debt ceiling got raised, which is good and had to happen.
But let's wait and see if any spending actually gets cut other than smoke and mirrors "cost avoidance" imaginary accounting. Am not encouraged....
.
Revenue I think is still something which needs to be addressed.
I'm proposing selling yellowstone national park to McDonalds.
Introducing the new McGrizzly, only at McDonalds.
Ba ba ba ba ba ba
Color me cynical. So the debt ceiling got raised, which is good and had to happen.
But let's wait and see if any spending actually gets cut other than smoke and mirrors "cost avoidance" imaginary accounting. Am not encouraged....
.
Under the plan as described by officials briefed on its outline, the debt limit would be increased by $900 billion in the first installment, subject to a Congressional vote of disapproval that President Obama would be able to veto. To prevent a default, $400 billion would be added immediately.
A second increase of $1.2 trillion to $1.5 trillion would be available subject to a second vote of disapproval by Congress. At the same time, a new joint Congressional committee would be created to find a like amount of cuts.
If the evenly divided committee failed to agree on a plan, Congress would either have to approve a balanced budget agreement or accept an across-the-board cut in spending in line with the committee’s goal, with 50 percent of the savings coming from the Pentagon beginning in 2013. Medicare would also sustain cuts, though the reductions would be capped.
According to what I am hearing, this deal will still increase the debt by approximately $7 trillion over the next ten years. Cut? Only in Washington. I'll wait to make final judgment until I know more details, but this plan doesn't seem to be a beneficial plan.
3 Trillion Dollars over 10 years will not be enough to break the lines of Mordor.
Its a weak deal, but its a start.
I think its interesting that the new board being created is put to this test. If they fail to come up with a solution, both Medicare and Pentagon spending get cut, as well as an across the board cut. I think I read that at least half would come from the Pentagon (starting in 2013).
Moderator's Warning: |
They want school prayer? We better give it to them or else they might block an emergency response to the next big hurricane.
They want to ban Islam? We better give it to them or else they might block the flu vaccines for the next potential epidemic.
We're all being held hostage by the stupidest, meanest, element of our society.
The scary thing here is that the Republicans, in particular the teabaggers, learned that as long as they have enough votes to prevent something from passing, and if they have no moral qualms and the appearance of insanity required to make such a threat appear credibile, they can get whatever they want by threatening to destroy the country. They want school prayer? We better give it to them or else they might block an emergency response to the next big hurricane. They want to ban Islam? We better give it to them or else they might block the flu vaccines for the next potential epidemic. It's disgusting. We're all being held hostage by the stupidest, meanest, element of our society.
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