Tuesday, January 01, 2013

$1 in Cuts (Maybe) for Every $41 in Taxes (Certainty)

The Senate bill doesn't mention or deal with the debt ceiling, and temporarily puts off for two months the so-called sequester that series of automatic cuts in federal spending that would have taken effect tomorrow, January 2.  However, what will the House do?  It will take up the Senate bill at noon today, January 1.  My guess is that the House will pass it with some slight modifications, nothing material.  So, in two months, these clowns will go at it again with the same results, which is nothing accomplished to control the unabated government spending. 

The best hope for America is for sequestration to actually occur!  Why?  May, just maybe we would then have an actual and honest debate about the real problem facing America, which is uncontrollable government spending that exceeds government revenues by over $1 trillion a year.  However, since I am a realist, I know that this type of honest debate will not happen within our entitlement society.

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