Showing posts with label Super Committee. Show all posts
Showing posts with label Super Committee. Show all posts

Tuesday, November 22, 2011

Nothing Is Fine By Me

Many folks our there are deriding Congress for failing to act on the deficit. Yet by not acting, here's what happens

Sure, there would be painful cuts in both social programs and defense spending. But the Bush tax cuts would expire as well. In other words, we'd do what we have to do to reduce the deficit and, ultimately, the debt. Maybe a "Do-Nothing" Congress is just what we need!

Why We Have Elections

Yesterday, the poorly name "Super Committee" failed to reach a deal to cut spending and raise revenue before the self imposed deadline. This is not a shock to most folks and it's certainly not to me.

What does perplex me is that the main sticking point was the taxes on the wealthy. This was the GOP's line in the sand and it amazes me that they are sticking to their guns. According to the latest poll, 67 percent of Americans believe that taxes should be raised wealthy Americans AND on businesses. Add this in with the numbers from the same poll that show that 77 percent of respondents disapprove of the way Republicans handle their job.

This tells me that the election next year isn't going to be kind to Republicans at all. If they had made some compromises and not played the shell game with taxes, they would have likely held strong in the House, taken the Senate, and made the election painfully close with the president very possibly losing to likely nominee Mitt Romney. As it stands now, however, they have abandoned the independents (see: the ones who actually decided elections) and I think they are going to lose seats in the House (although still hold on to it), the Democrats will hold onto the Senate (possibly gaining a seat or two) and the president looks to be the likely winner.

Of course, we are still a little less than a year out and a lot could change between now and then but one thing I know that won't change is conservative intransigence. They are not going to back down and all the polling shows that's a terrible idea. This Congress has the lowest approval ratings in the history of Congress (between 9 and 13 percent). You thought the 111th Congress was bad? The 112th has now been called the worst ever.

This is why we have elections. The Tea Party brought a bunch of hard right folks into office and the American people can plainly see how they govern. They don't. Many of these folks have said they don't care if they lose next year's election and are in office for only one term. They just want to do the "right" thing.

Well, they aren't. And they will.