U.S. Republicans name anti-taxers to debt panel

[Winehole23]

The anything-but-super committee was set up because the regular committees and legislative process could not agree on what to do about the deficit. But rather than make those decisions, the super committee may decide that the best way to deal with this situation is to throw it back to the two tax-writing committees that, because they were unable to come up with a plan in the first place, gave the job to the super committee.


And the most inane, stupid, absurd, remarkable thing about this is that the definitely-not-super committee will claim that this make-someone-else-do-the-hard-work-later process complies with the legal requirement to reduce the deficit by $1.2 trillion.

http://capitalgainsandgames.com/blog...+in+Between%29

[101A]

If Democrats insist on tax increases there will never be a deal. It simply can't pass the House. Democrats know this. If they want to play politics with class warfare and fall on their sword for tax increases they know it will result in the trigger being pulled on across the board cuts.

The country is 15,000,000,000,000 in debt. At some point EVERYBODY is going to have to be a grown up. Spending has to be cut a lot (and that includes Medicare and SS). Taxes have to go up a lot (on everyone; rich, middle class, corps). Austerity measures, bitter pills; call it what you will. The piper must be paid.

[boutons_deux]

"Spending has to be cut a lot"

which will causes Ms of job losses, more foreclosure, lessened demand, aka, "the austerity trap"

"Taxes have to go up a lot"

Repug will block any tax increase, even if renamed/lied as something else.

USA is so ed.

SF Fed is predicting 50%+ chance of double-dip recession (for the 99%) due to Euro crisis hitting US finances.