Interesting clause in the GOP bill.
Quote:
|
The second stage would involve the creation of a new committee made up of 12 lawmakers from both parties and both chambers. The committee would be tasked with identifying an additional $1.8 trillion in cuts before the end of the year. If the committee made recommendations and they were adopted, Obama would be authorized to raise the debt limit into early 2013 without explicit congressional approval.
|
I think that is what you should go for. Force the government to adopt real cuts, and in exchange you give up the debt ceiling fight.
I find it rather hilarious how some posters here think cutting government spending is bad for the economy, when government spending is out of control, and the economy is in the crapper.
Nevermind the fact that we're talking about losing your AAA status if you don't cut up to $4 trillion over 10 years.
Either way, I'm still pretty optimistic. I think the biggest key should be in getting both parties to form a committee that spends the next year going through every single federal program, and finding more places where you can cut spending.
Considering the US is probably going to spend almost $50 trillion over the next 10 years, cuts of $3 trillion are pretty ridiculous.