Later today, the House of Representatives will vote on the "cut, cap and balance" plan being pushed by House Republicans as a prerequisite for raising the country's debt ceiling. The plan is expected to pass in the House, where Republicans hold a majority, but will likely die in the Democrat-controlled Senate. President Obama has already said he will veto the bill.
With the August 2 deadline just two weeks away, and the country's financial standing hanging in the balance, why are Republicans and Democrats drifting further apart in their efforts to reach a compromise? Takeaway Washington correspondent Todd Zwillich has the latest from Capitol Hill.
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Comments [1]
So we are to blithely dismiss this "thing" called cut, cap, and balance which provides a long term plan to deal with a possible economic collapse that will have dire implications for the United States and the free world this century. However when the Democrat Party after spending more money than any other time in world history without submitting a budget, at the last moment for political reasons mentions trillions of unspecified cuts, we are supposed to just accept it and not dare question it?
What exactly does "reform the revenue (tax) code" mean? Does anybody care to ask before we dive in? Do we have to pass it to see what's in it?
Why is it hugely expensive "things" like Obamacare and the stimulus which are now seen as discredited failures are considered reasonable but the Ryan Medicare plan or "cut, cap, and balance" which at least seeks long term remedies to will heal the economy are quickly dismissed?
Those who offer no serious plan and just more profligate spending are praised and those who provide an outlined planned to save money are demeaned? And we seriously wonder how we got in this mess as we kick the can down the ominous road called America in the 21st Century?
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