Many on Capitol Hill doubt the committee* will be able to complete its task before its Thanksgiving deadline, and some lawmakers have questioned whether the trigger should be modified, or even discarded.Haha ha hahaha haha haha hahaha ha hahahaha haha hahaha ha haha hahaha haha ha hahaha hahaha hahaha hahaha hahahahahaha hahahahahahahahaha.
"The Congress is not bound by this*," Sen. John McCain said last month. "It's something we passed. We can reverse it."
Seriously, you thought Congress was actually going to cut spending?
* That's the Super Duper Committee that was going recommend $1.2 trillion in budget cuts, under threat of 'automatic' cuts otherwise.
** "This" being "our promise from July."
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3 comments:
Back then just had a bond downgrade and they were threatening another one.
But things are great now so spend away congress!
You forgot to mention:
"More criminals on the street. Fewer border guards. More instances of food poisoning and less reliable weather forecasts."
This is balanced journalism. Any idea which side of the debate CNN comes down on?
The funny thing is that the $1.2 trillion is over 10 years and from a rising baseline budget. So all things being equal, you're probably talking about $50t in 10-year spending, which makes the 'cut' on the order of 2.5%. If the congress can't cut 2.5% of spending, then we will drive blithely along until we hit the same wall Greece is present hitting.
People think the problem is that Greece can't borrow any more. But they can. The problem is that they can't afford the high interest rates lenders demand. That problem will come for us, too...
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