U.S. deficit talks set to fail (brainwash, solution, rating)
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Which is approximately the same time the cuts take place because of the triggers. So it looks like everything will be delayed until 2013. Whomever gets elected is going to have a mess. Maybe it explains why there are no good Republican candidates running for office.
The current crop of Republican candidates running for office declared long before the super committee existed. There are no good Republican candidates running for office because the pickings is few.
In any case, slashing government spending while the economy is depressed destroys jobs, and it’s probably even counterproductive in terms of deficit reduction, since it leads to lower revenue both now and in the future. So, it's good for this committee to fail.
The federal government will be spending somewhere around $40 Trillion in the next 10 years but yet the bright stars of politics can't find $140 Billion a year [3.5%] to cut from future budgets.
The federal government will be spending somewhere around $40 Trillion in the next 10 years but yet the bright stars of politics can't find $140 Billion a year [3.5%] to cut from future budgets.
It's not really a matter of finding $140B a year. Democrats rightly rejected the Republican proposal to cut Social Security, Medicare and Medicaid for the 99% and make the Bush tax cuts for the wealthy permanent.
it always seems that when there is a budget shortfall, the axe falls on the middle-class and not the rich, who got trillions in tax-cuts 10 years ago.
What the ****, people?? Can you not grow a freaking pair, put your stupid political BS aside for once, and DO SOMETHING?
Republicans - raise taxes on the rich for a few years. DON'T CARE IF YOU DON'T LIKE IT - JUST SHUT UP AND DO IT. This is what compromise looks like.
Democrats - cut some of your pet social projects. DON'T CARE IF YOU DON'T LIKE IT - JUST SHUT UP AND DO IT. This is what compromise looks like.
Jesus H Christ. With the whole world watching and all that is at stake, they can't even at least come to the table with some portion of the cuts? Zero is the best they can do? That is PATHETIC. We should fire all of these people asap.
It is to Obama's benefit if the "Super Committee" fails. It gives him the platform against a "do nothing Congress". The Democrats on this likely unConstitutional Super Congress are happy to oblige their POTUS by making it fail.
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