It's up 1.2 percent

Based upon his last two legislative proposals concerning the debt ceiling, I think Mitch McConnell is either suffering from dementia or has been drugged.

Because neither make any sense whatsoever. Total Looney Tunes

I think McConnel may be painted into a corner. Someone has to blink. My money is on Obama caving. Short term deal on deficit. No tax hikes and proposed spending cuts in 2013.

(07-24-2011 06:48 PM)Machiavelli Wrote:  We can't keep the Bush tax cuts and be involved in 2 or 3 wars empire building. The tax cuts should be repealed for everyone.

Wars?!? What Wars?!? Barry brought us home from his self-proclaimed "illegal wars" in Iraq and Afghanistan as promised. Gubment expanded by $1trillion in Barry's first year, I think those expenditure cuts need to be made first, then we talk "revenue" enhancements.

Trillion in cuts, trillion hike in debt ceiling.

The idea of a "Super Congress" -- as harmful, destructive, anti-democratic, and plainly unconsitutional as it is -- is really not much different in substance from the Supreme Court. The main difference is that the members of the "Super Congress" have to stand for re-election at some point, or else lose their office.

Did I fall asleep and wake up on April 1st?

The old men have lost it.

Dow down 120 at the Bell. Watch it fall each time a Politician says something stupid today.

Gold hits record rises above $1620 oz

And we shall call it the Politboro, and it shall make five year plans...

(07-24-2011 07:28 PM)Native Georgian Wrote:  The idea of a "Super Congress" -- as harmful, destructive, anti-democratic, and plainly unconsitutional as it is -- is really not much different in substance from the Supreme Court. The main difference is that the members of the "Super Congress" have to stand for re-election at some point, or else lose their office.

I guarantee you that the selected members of this "Super Congress" would be from extremely safe electoral districts and states so they could push unpopular positions without significant political risk. Then the rest of Congress could just pass the buck and claim they had no choice in the matter. It's hard to get every corner of the political spectrum to agree on anything, but it looks like they've united us all in universal disdain for this cowardly plan.

Guys it's really this simple. You have three main parts of the budget. SS, Medicare, and defense. Those three are politically untouchable. You can't fund all three with today's revenue. In reality we have to cut and raise revenue. Democrats will budge on cuts to a point. Republicans won't budge on revenue. So you pass the Super Congress to cut and raise tax revenue. Lobbyists will be empowered becuase more money will be funneled to them to keep their share of their clients pie. It's disgusting.

The mechanism to balance the federal budget is already there. They don't need another bureaucracy to pass the buck too!

And why is defense untouchable? There is so much fraud, waste, special interest funding and unneeded programs there it isn't funny.