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To: Vendit™ who wrote (41389)12/6/2012 12:03:07 PM
From: Fiscally Conservative  Respond to of 222665
 
I agree ;) eom



To: Vendit™ who wrote (41389)12/6/2012 6:27:55 PM
From: Brian Sullivan2 Recommendations  Read Replies (1) | Respond to of 222665
 
The automatic spending cuts in both defense and discretionary spending, he added, "are going to be much more than any negotiated deal."
That is why I as conservative, also want to go over the cliff. It is the only way to actually get cuts in government spending. There is a laundry list of other things that expire as well such as the 99-week unemployment benefits extension, the AMT fix and the payroll tax holiday. Mostly Democratic goodies.

We are running over a billion dollar year deficit which means that we are spending $3 for every $2 that we take in in taxes. Federal spending need to be cut back to $2.25 for every $2, which would give us a 250 billion dollar annual deficit. The cliff is really only about 1/3 of the size necessary to achieve this, but it’s a start.