Well, all in all, the Government has thus far passed bills that decrease spending and increase revenue by 1.6 trillion (1 trillion in cuts from last year and 600 billion in revenue now)
Still 2.4 trillion short of the Simpson Bowles recommendations. If you look at about 1.2 billion in extra cuts and an additional 600 billion in extra revenue to balance what Obama was offering prior to Boehner's plan B then it'll only be about 600 billion short of what the government needs in order to get off the books from the SB plan. All in all, I think that's fairly good. It's not really conceivable to get everything tackled all at once, especially dealing with the congressional republicans.
I hope Obama can get through even more cuts and possibly more revenue than what he was dealing with with Boehner. Ideally, I would like to see social security eliminated for those making more than 250K on average over the ten years prior to them becoming eligible for SS, similarly with medicare, by reducing the amount of coverage for them as well. It doesn't seem necessary for the rich to get any subsidies from the government. Part of being part of the top 2% right. It's all about being fair.
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