What will be the deal? How much spending cuts before the votes are there to extend the debt? How much long-term entitlement readjustment? How much tax law change? And how much real structural change to get at the waste, fraud and abuse? You got me. But they are there to do the work. We vote them in or not. Unfortunately, human nature dictates that they want the seat more than their responsibility to govern well. And now they are stressing us all out. Most especially those of us in retirement. One more time, in 2000 we had hope to get back to no debt. Now it seems beyond hope. No one can change black and white, or black and red. Or the past. The Declaration of Independence had nothing in it about national debt limit. (It's good practice to read the Declaration every 4th). But, like any person, the responsibility of paying debt is absolute.
But we have become too loose on that responsilbility. And we must become more economically honest. So. Again, where's the deal? I say let's start with half a trillion in spending cuts for the coming year and what, $250B in revenue "enhancement". Can we do that?
Happy Independence Day patriots.
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