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Beware the "Grand Bargain"

Don't Tread On Me3 Wrote: Oct 27, 2012 7:50 AM
Deficits are caused by $pending, not by leaving $$$ in the pockets of those who earn it. Cutting deficits requires NOT $pending, soemthing pols aren't going to do, whether revenues increase or not.. If you give it to the pols they will $pend it. They will $pend even what they anticipate, by static analysis, getting in a tax hike as soon as its enacted, so we'll end up with an even bigger deficit. Giving them more $$$ ostensibly to "reduce the deficit" is like trying to put out a fire with gasoline. They need more $$$$ like a junkie needs more dope.

Barack Obama really does have a plan for the next four years. When he thought he was speaking off the record to the Des Moines Register the other day, he said he wanted to negotiate a "grand bargain" with the congressional Republicans. It would include spending reductions and tax increases to reduce forecasted federal deficits.

About the same time that the president was giving his interview, more than 80 CEOs of some of the nation’s largest companies were making a similar announcement. To get the country’s fiscal house in order, they said, we need both spending reductions and...