We listened to the "talking heads" today on the Sunday morning programs and to say we were disappointed, would be an understatement. All of them expressed "their talking points" regardless of party. No one was willing to break with their point of view. It made us sick.
Even the non-politicians could not get down to speaking about anything but the broad well-known staked out positions. No one demanded anything out of the ordinary. Last week in this blog, we suggested that the Congress and President take a cut in pay and a cut in staff until this crisis passes (as well as a budget is passed), however, there is nothing like that on the horizon. Too bad it might make sense.
Unless we get some serious discussions between serious individuals addressing BOTH revenues and expenditures, we should expect nothing more than kicking the can down the road. If we don't go over the cliff, we believe that there will be only an agreement to keep everything the same for a period of time, such as extending the time for an agreement until March 1st.
That would be an error, however, when you don't have leadership what do you expect.
Conservative Tom
Talks down to Obama and Speaker Boehner
Even the non-politicians could not get down to speaking about anything but the broad well-known staked out positions. No one demanded anything out of the ordinary. Last week in this blog, we suggested that the Congress and President take a cut in pay and a cut in staff until this crisis passes (as well as a budget is passed), however, there is nothing like that on the horizon. Too bad it might make sense.
Unless we get some serious discussions between serious individuals addressing BOTH revenues and expenditures, we should expect nothing more than kicking the can down the road. If we don't go over the cliff, we believe that there will be only an agreement to keep everything the same for a period of time, such as extending the time for an agreement until March 1st.
That would be an error, however, when you don't have leadership what do you expect.
Conservative Tom
Talks down to Obama and Speaker Boehner
I watched the talking heads, too. Rule #1 in any negotiation is that you put out an offer that has everything you'd love and then wait for the other side to make the first counter-offer. That is where Obama and Boehner are now.
ReplyDeleteI am still betting that they will go over the cliff. That sequester is a $5 trillion deficit reduction over ten years. It will shock the economy short-term, but I can live with that in order to get the debt/GDP ratio down to 65%, which by historical standards, is quite acceptable, and it is what economists project the sequester will cause.
But the "smart money" is betting that Obama will come down to around a 37% top rate, and allow Medicare eligibility to go to age 67. That will upset fiscal conservatives like me (and I hope, you), because it doesn't go far enough to really deal with the issue.