I don't understand why the President continues to pander to the part of the Democratic Party that refuses to discuss spending cuts in a meaningful way.
He doesn't need their votes, and in 2014 they're not about to run to the Republicans.
He's overplaying his hand.
Somwhere, somehow, these people need to start behaving like adults and get serious about what we've done.
Passing this problem on to our kids is reprehensible to even consider.
I'd like to see them go back to Simpson Bowles as a starting point. It really was a good idea, too bad no one pushed for it after it didn't get the votes it needed the first time around.
Ideally, we bring the budget into balance going forward and require it to be in balance each year. Then any new revenue should be dedicated to paying down the debt and taking care of the debt service so it isn't part of the budget any longer. Once the debt is taken care of, that revenue stream is no longer needed. Of course, that would be ideal.
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