Tuesday, January 01, 2013

Congress kicks the sequester can down the road

As is always the case: tax hikes now and spending cuts later...if ever.  Candy for everyone except that guy:
“The president wanted tax increases, but thanks to this imperfect agreement, 99 percent of my constituents won’t be hit by those hikes,” Senate Republican Leader Mitch McConnell said.
Seriously.  That other 1%?  Screw 'em.  He won't share his money with us.  This will teach him to be productive.

Extra - Breitbart: "$1 in spending cuts for every $41 in taxes."  Way to go, guys.

More - Veronique de Rugy: "The U.S. just completed its fourth consecutive year of running an annual deficit over $1 trillion. Its gross debt-to-GDP ratio is already over 100 percent, and it’s going to get worse. Without changes, spending on Social Security, Medicare and Medicaid will soon consume half of the federal budget, squeezing much else out in the process. Not cutting spending shouldn’t be an option, and yet it looks like that’s exactly where we are heading."

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