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Originally Posted by Brucelee
Now, while the whole thing cannot be laid at Obama's feet, he has to take responsibility for what he has done and is proposing to do, which is pretty much kick the can down the road until the next election passes.
Good thing the House will not let him do that.
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"not let him do that"
huh???
Where you travelling the world in the last quarter of 2010? If so you missed the GOP leadership brokering the proverbial can getting kicked down the road to the tune of ANOTHER $700 billion in increased deficits.
When will this new Congress be asking for a repeal of that budget deal with the required $700 billion in spending cuts? (crickets)
This idea that the "new" Congress is doing anything about the deficits and our current $14 trillion debt is a sad joke. Anyone who "knows anything about Economics" as you say, understands that neither Republicans nor Democrats nor Tea Party have put so much as a dent in the these historic deficits in any way since the 2010 election nor will they be doing anything any time soon. They are merely making a lot of noise about it in for the TV cameras in hopes of pandering to their respective audiences who don't actually take the time to see that arguing that 6% in Republican cuts in response to
$1.6 trillion budget shortfall is "geting serious" and that the Dimocras 4% in proposed cuts is "spending gone wild". THEY ARE BOTH IN RED BY OVER 90%
So "Mr. Econonics", at a rate of 6% in cuts with annual deficits exceeding $1.5 trillion PER YEAR, EVERY YEAR, how exactly is this Congress putting the brakes on anything? LOL at 6% a year you'll have the deficit just from 2010 payed off by 2035 and that would of course require 2012 and beyond to be balanced with no interest payments on the existing debt. Good thing they're keeping on eye on Obama. Where would be without that additional 2-3% in spending cuts.
