Quote:
Originally Posted by kraznyi_oktjabr
True. However budget must be such that it can pass both House and Senate. Currently you have Senate which refuses to cut discretionary spending and House which refuses to increase revenue. In such situation you can not put blame to one side only.
Btw both actions are needed if you want to dig yourself out from your fiscal hole.
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Two point....
First - it is the job of the Senate BY LAW that they be the ones to put forth a budget. They did not do so. They did not even put one forth that they could pass. Did you see a proposed one from the Senate side? No - and there is a reason for that. The Democrats refused to take up the House budget because they did not want to be on the record refusing to be fiscally responsible.
Secondly - the idea of "raising revenue" - is purely political and would have absolutely no real impact on the fiscal issue we have. If the government took every dime from the "rich" which would permanently remove them as a long term tax revenue source - the entire total taken would not even make up the budget deficit of one year. "Taxing the rich" is a play to the underclass - it has the end effect of a huge negative to economic growth while having a miniscule impact on the fiscal hole. To protect our economy from those who would harm it for political purposes IS part of the process of digging ourselves out of the hole.