The Congress cannot bind future Congresses to a plan. Just tell me how much you are going to cut NOW. That’s all I want to hear.
I hope I'm wrong however I read earlier today that it was an immediate 50 billion because the 500 billion is over a ten tear period.
Anything past 2 years you may as well right off because they won't stick to it.....they never do.
UNLESS...
Tax reductions are made in a 4:1 ratio to the contemporary debt ceiling. Four dollars reduction fo ever dollar of increased ceiling concurrently.
Not reduced increases in deficits. Actual dollar amount reductions.
No more smoke and mirrors.
According to the article a mere $500 billion which means they will still have over a 1 trillion dollar deficit for this year alone. Notice how all the RINOs are lining up behind it?
Me too. JUST ONCE I wish SOMEONE would ask Obama...the democrats...AND the Republicans two questions:
1) Let's say you agree on $ 4 TRILLION in cuts over 10 years. That's $400 Billion a year. So...given the current deficits...are you telling the American people that the BEST you can do is agree on increasing our debt by another $11 TRILLION by 2022?
2) How can you promise spending cuts over 10 years in the future given the ABSOLUTE FACT there will be a different congress in 2013, 2015, 2017, 2019 and 2021? How can you promise cuts over 10 years given the possibility of an entirely different look in Washington by 2013? and certainly a different look by 2017? How can you make spending PROMISES for people in congress who aren't even THERE yet?
The idiotic nature of a 10 year promise astounds me...and the fact the GOP is pushing such a long term plan makes me ill.
Here is a debt ceiling deal I would support: A $2 Trillion raise in the ceiling for a reduction in the budget to 2008 levels. Get out of Iraq, Afghanistan and Libya...reduce defense along those lines and apply the savings to the debt. THERE. SOLVED IT.