The “sequester” is not a crisis. The “sequester” is not the problem. The real problem is the massive growth in federal spending creating unsustainable deficits and debt that will be shouldered by generations to come. The “sequester” is a solution to a real problem facing America. That said, the “sequester” is not a great solution.The sequester cuts are not a smart way to address the spending problem. The sequester cuts are not adequate to solve the spending and unfunded liability disaster that looms in our entitlement programs. But the odds of getting anything smart out of this administration or this congress that makes even as little impact as do the sequester cuts are vanishingly small. Since it’s a bad bet to rely on our leaders for smart significant cuts, let us at least bank the cuts they already passed.
Archive for the 'Bipartisan' Category
Looks like we have movement on immigration reform a lot sooner than many anticipated. And wouldn’t you know it, Rubio is front and center. From Fox News: Sen. Chuck Schumer, D-N.Y., one of the eight senators, called the new proposal a “major breakthrough” and said he hopes to turn it into legislation by March — [...]
Looks like Obama doesn’t want to go over the cliff after all. Here’s more from NBC News… So, the heads of the Senate went to work… After weeks of fruitless negotiations between the president and Speaker John A. Boehner, Mr. Obama turned to Senator Harry Reid, the majority leader, and Senator Mitch McConnell of Kentucky, [...]
In my previous article (on how you can write-in “None of the Above”, rather than be forced into the choices dictated by the two party system, http://donklephant.com/2012/10/18/you-can-vote-none-of-the-above/), I just noted how the write-in ballot can be used to express one’s dissatisfaction with the current partisan system, without really getting into how & why things came [...]
Conventional Wisdom in both main stream and non-traditional media have passed judgement on both the debt ceiling legislation and the bipartisan deficit reduction super committee it begat. Conventional Wisdom informs us that we have seen this movie before and we know how it ends. Conventional Wisdom tells us the bipartisan Super Committee will fail. Problem being – Conventional Wisdom is wrong.
Kent Conrad (D-N.D.), Mark Warner (D-Va.), Dick Durbin (D-Ill.), Mike Crapo (R-Idaho) and Saxby Chambliss (R-Ga.) just may have come up with something to bridge the gap between Dmes and the Repubs on the debt ceiling negotiations. It even has Tom Coburn (R-Okla.) coming back to the table… “The plan has moved significantly, and it’s [...]
It’s come to the attention of this reporter that the Rapture is, in fact, going to occur. Documents leaked earlier today describe how a bi-partisan team of Senators, dubbed the Gang of 14, working closely with President Obama have developed and set into motion a plan to save Humankind – FROM GOD! It seems a [...]
Last week, in the Republican controlled House of Representatives, with Republican Speaker of the House John Boehner supporting the continued funding of the unneeded engine, it was finally defeated. Credit to President Obama, Defense Secretary Robert Gates for reaching out to Republican legislators and the new crop of Tea Party supported freshman Republican representatives who stood up to their own leadership.
Big time speech today from the guy who definitely has his eye on the White House. Here’s the video… I’ll offer the transcript below after my analysis. Personally, this feels disingenuous from a guy like Bloomberg who has repeatedly used the government to regulate New York City businesses and consumer behavior six ways to Sunday. [...]
Ezra Klein throws it out there, and I could see it working. From Wash Post: On Feb. 5, 2011, the president signed the Economic Growth and Deficit Reduction Act of 2011 into law. The legislation lifted the employer-portion of the payroll tax for a year, approved more than $50 billion in infrastructure investments, and cut [...]