Posted on 03/14/2011 10:16:26 AM PDT by NormsRevenge
If all goes accordingly, a government shutdown will be averted yet again this week.
A new stopgap measure that would cut $6 billion in spending and fund the government through April 8 is gaining bipartisan support and likely to pass by Friday when the current funding measure expires.
Although a shutdown is unlikely, President Obama is growing impatient with Congress. "We can’t keep on running the government based on two-week extension," he said Friday Politico reports. "That's irresponsible.”
Jeffrey Sachs, professor of economics at Columbia University, agrees, but says President Obama is part of the problem, too, because of his failure to lead on budget issues.
“Washington is unrealistic. They are not talking about real things,” like military spending and entitlement programs, he tells Aaron in the accompanying clip. Instead, Congress and President Obama seem set on cutting civilian discretionary spending, including on education, that directly impacts mainstream America.
Sachs goes on to say that our fiscal house would be in much better shape had Congress not extended the Bush tax cuts at the end of last year. “All the politicians in Washington have one strategy, don’t say 'taxes' at all,” he says. “But if you know the budget if you really know the numbers, you know that without taxes at least at the top, there is not even a chance of one in a million of getting anywhere close to a responsible budget.”
(Excerpt) Read more at finance.yahoo.com ...
President Obama is part of the problem, too, because of his failure to lead on budget issues.
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Whadaya mean, Sachs? He’s leading.
Yeah. He’s leading the nation off a cliff.
Pres__ent Obammy.
He makes Carter look good about now. (shudders at that thought)
Why grow impatient now, BO? Hasn't congress been doing this for a year now?
Sachs is not worth quoting, he’s a tool.
Agree. Its all the rich peoples fault.
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