We would like to know what you think and are posing this question. Can the US government make the necessary cuts in spending to avoid a shut down of its services in December? Another way of stating this is, will Congress and the President have the guts to make the tough decisions that will a) get the budget under control b) stop the ever-increasing debt c) cut inferior programs and policies that are no longer effective?
In other words, will Congress do its job?
We doubt it and expect there will be a lot of grandstanding and chest beating with very little progress. These bums will not act until there is an absolute crisis and at that point in December, it won't be an emergency.
Additionally, if the Democrats win big this fall, there will be little movement as they will read the results as a condemnation of Republican actions in the House to cut spending and will want to wait until January to make their "necessary" tax increases. If the Republicans win, they will delay everything until the new Congress is seated to make changes to their way of thinking.
So for these reasons, we doubt anything will occur in December. What do you think? We want to hear from you.
Conservative Tom
U.S. faces big tax, budget test at year end: Geithner
Reuters – 1 hour 14 minutes ago
