Thursday, November 17, 2011

"Easy like Sunday Morning."

 [Forever and ever, Amen.]

Words. For Your Consideration...


"Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.


That’s right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer’s debt-ceiling deal, and a variety of other tax cuts also go away.

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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