Even in this deal, the spending is over the next two years, but the "cuts" would be over 10 years, and would still add over $10 trillion to the national debt. So after two years, where do they get the cuts for the next debt ceiling increase?
Take a step back and look at the big picture - it is another smoke and mirrors trick that only kicks the can down the road.
CORPORATE GREED AND UNION GREEDDEMOCRATS AND REPUBLICANSDESTROYING THE BEST OF AMERICA ONE DAY AT A TIME
This is the worst kind of discrimination. The kind against ME! ~ Bender
So, where are the "smart" folks from the Republican side? What great leadership have they shown? They seem willing to let the economy go in the toilet with no facts to indicate that what they want will do anything positive. People who think that there is no difference between believing and knowing are really dangerous. And these Tea Baggers are the worst. Their behavior is irrational and destructive.
Ladies and Gentlemen please stop fighting. We have a legitimate problem and this isnt fighting. We are as dysfunctional as DC when we do this.
I am a Democrat and I take some the responsibility for this mess. We need to reduce spending but cutting domestic spending right now would be bad for the economy. Consumer spending is already so low, that would hurt even more. We need to raise taxes on the upper 1% and possibly repeal the Bush tax cuts altogether, until people start spending again.. This will bring in billions, helping to offset some of the cuts we will have to make. The next thing to do is to reform welfare, and create a system to more efficiently check for abuse. This includes need testing for SS and Medicare. Finally defense spending needs to be cut.
Liberals and Conservatives can either work together or fall together. There is no in between. Neither side will be happy but each side will be leaving future Liberals and Conservatives a better America.