Quote Originally Posted by TFOGGER View Post
What he actually has proposed as a "compromise" is massive tax increases now, with "possible" reductions in spending increases "next year". Utter bullshit. If he gets the tax increases he is asking for, the congress will simply increase spending to exceed the increase in revenue as they have done since the damn income tax came into being. The only way they are EVER going to start paying down the debt is to have a statutory mandate (Amendment?) that makes a deficit illegal, perhaps by making blanket cuts across the board, with NOTHING untouchable.
I share your disdain of likely Congressional actions. How do we implement across the board cuts? For entitlements, does everyone get 20% let, or do we cut 20% of the recipients from the roles? How we cut defense spending? Are we going to impose pay cuts on the serving military? Do we reduce the numbers of the military, reduce the amount of equipment? How we keep politics out of the decision? You know that the Senators and Congresscritters that represent districts with major Defense contractors will lobby for those constituents. I'm afraid that the servicemen and women won't have that powerful and a lobby and will lose benefits to keep the cash flowing to the major contractors in this scenario.