Quote:
Originally Posted by Calgaryborn
So when you talk about political brinksmanship do you mean Obama telling the elderly that they might not get checks if the debt ceiling isn't raised or do you me Obama saying the America would default on their debt on Aug 2 if he didn't get his debt ceiling raised? Perhaps your refering to Obama saying he would veto the bill everytime the House came up with a budget?
The fact is that the Democrats hadn't tabled a budget since before the last election and were unwilling to work with the House's bills this spring and summer. They wanted a higher debt ceiling and higher taxes and were willing to only give promises of some future cuts which they would have no legal obligation to keep.
|
The Democrats definitely have contributed to the mess but would argue that the Republicans are even more to blame. Cutting taxes while increasing spending for wars is the biggest culprit. This was under a Republican president, senate and congress. To correct this irresponsibility by so-called 'fiscal conservatives' you need to raise taxes and cut spending. Both are needed in such a big mess and this is coming from someone who feels strong about low taxes in normal times.
Quote:
Originally Posted by Calgaryborn
4 trillion dollars in cuts would have saved the credit rating. Their was 6 trillion in cuts in the House's April budget. It was rejected without debate and no alternative was offered by the Senate.
|
Take away cutting taxes while increasing spending and you get those numbers.