Prediction: Federal Deficit to Grow With Neither the White House Or Congress Make The Tough Choices
The GOP wants to cut $6 trillion over the next ten years. Today, President Obama laid out his plans for a $4 trillion cut.
Now, I like the President. I do. But I wonder if the Democrats have the will to make cuts or the GOP have the stomach to stay on their own course.
The fact that "everything's on the table" but "not really" says that they aren't willing to do what it takes to stabilize the federal budget. Is there any wonder the electorate aren't happy with either parties?
And speaking of the electorate, I don't get the feeling we want to share in the sacrifice needed. We want cuts but just not the programs that affect us directly.
I mean, regardless of which side of the political spectrum you're on, a $38 billion cut that was just agreed to by the President and the Speaker is just 2.2% of the $1.68 trillion deficit we're gonna have to pay off some day.
The Speaker may have the Tea Partiers to deal with, but the President has the liberal groups say no to any cut he proposes.
More at Marketwatch.