Okay, if you want to gorge on debt discussions Hot Air has you covered. They have lots of links from both sides of the divide.
If a good political compromise is one that has something for everyone to hate, then last night’s bipartisan debt-ceiling deal is a triumph.
I guess. Given that the Tea Partys are hated by much of the Republican establishment, and that Republicans control only the House, maybe it was pretty amazing to get this much. Whatever “this” is, don’t know the details yet.
But I can pretty much guarantee that the cuts are vastly overstated and the costs underrated. Probably some wildly inflated assumptions about GDP growth in there, etc. etc.
In fact, for now I’ll assume the “cuts” are merely baseline-accounting tricks.
But assuming the GOP can take the Senate and the White House next year, and the Tea Party patriots hold its feet to the fire…can you imagine how badly the left is going to behave.
At some point the government has to spend less than it takes in…that is, revenue must start reducing the debt, not just servicing the interest.
Doesn’t it? I’m no Nobel-winning economist, but does mathematics change if you throw a dollar sign in front of it?
I’d love to see someone point this out. “Either start paying down the debt or admit you have no intention of ever paying it off. Those are the choices: choose sacrifices or choose to be a thief.”