Psudo wrote:
It seems to me that the current debt ceiling crisis is an example of Democrats leaving spending at bailout/stimulus levels and Republicans trying to move spending back to pre-financial-crisis levels.
Well the current
crisis about it comes from an absolute lack of compromise. Psudo and I could probably agree that the debt is far gone enough at this point that the only way to actually pay it down would be some clever combination of raising revenues
and lowering expenses, with only the actual details of both over which to nitpick. (Which departments get cut and by how much, which taxes to which groups are played with and by how much, etc.) In Congress, though, it seems
Democrats want to raise revenues and Republicans want to lower spending, and some (mostly Republicans from my perspective, but that's probably biased) would apparently rather default than give an inch lest they get Tea Partied in the next primary.
Of course, the backlash against any figure who even thinks about compromise is strong enough that I can sort of see why everyone is scared into their respective corners. Obama has been taking it pretty hard from the progressives for going along with spending cuts and being too easy on the corporations, and Republicans who play along... well....
RedState.com wrote:
Mitch McConnell Just Proposed the "Pontius Pilate Pass the Buck Act of 2011″
(Editor's note: I decided to make the title less incendiary.)
Dare I ask what it used to say?