From politico.com
"Congress’s next battle will be to keep the government open after March
27 while simultaneously stopping massive spending cuts to the Pentagon
and other government programs that take hold March 1......But there’s almost no way for both sides to get what they want — setting
the nation on a course to a possible government shutdown or deep cuts
to government programs that no one wants, unless someone blinks."
I could not picture the United States government ever shutting down. We need to cut spending somewhere. The government needs to figure out which areas need the spending cuts, and fast.
ReplyDeleteIf we want to get anything done in congress, politicians need to act for whatever is going to help this country and not towards what is going to help their party. Both parties want to implement government spending limitations but only see the solutions their party wants and wont even listen to the other side. Before we find a solution on where spending cuts need to be made, we need to solve the divide in congress.
ReplyDeleteBoth sides agreeing on atax reform is a great start and something to build on. Sacrifices will have to be made on both sides but they have to be made soon and decisions need to be put in effect before march so we can gently handle this volatile economy.
ReplyDeletehttp://www.youtube.com/watch?v=l-gQLqv9f4o&sns=em
Senator Levin (D-Mi) "has drafted more ambitious legislation to raise nearly $200 billion for sequester replacement by closing off a variety of offshore tax shelters, ending preferential tax treatment for many private equity and hedge fund managers, and taxing the exercise of stock options more heavily." Is going after the bankers and financiers even more detrimental to the economy than the proposed sequester? Or, is this a step in the right direction? More on this here: http://www.nytimes.com/2013/02/01/us/politics/extension-of-debt-limit-clears-congress.html?_r=0
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