Words. For Your Consideration...
"Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.
Knowing this, are you still sure that a “failure” by the congressional supercommittee to reach a deal would be such a disaster?
...Doing nothing is not an option when it comes to job creation. Congress still needs to act. But on the deficit, inaction now could lead to wiser action later.
...A balanced deal would be nice but it’s now impossible — and not because of some vague congressional “dysfunction” the media like to talk about. Sane fiscal policies are blocked because one party refuses to accept the need to roll back the excesses of the 2001 and 2003 tax cuts. If Congress does nothing, those tax cuts go away. That’s why a “failure” by the supercommittee to endorse a deeply flawed deal is actually a victory for sensible deficit reduction."
THE WASHINGTON POST: How we can succeed through supercommittee’s ‘failure’
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