BurtB Wrote:
Dec 11, 2012 5:58 PM
Mr. Kudlow seems to think that the Republicans should accept the deal. "Ideally, the GOP can get solid promises on spending cuts and entitlement reforms in return for a tax package. " the problem is, either we go off the cliff, or there will be no reforms. There never ARE Solid promises of future spending cuts. If the Republicans in the House and Senate accept anything less than cuts that go into effect this year, it would be better to lose the House. There is no difference between going off the cliff quickly and going slowly. Boehner and Mc Connell are afraid that if we go over the cliff, Repubs will get blamed, and they will get voted out of office. If they don't cut spending by more than 1-2% (should be 10%) they will lose anyway.