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OP-ED: How Congress Can Solve the U.S. Budget Crisis: Do Nothing?


US Politics & Gov't  (tags: republicans, democrats, news, politics, fiscal cliff, budget battle, usa, obama, government, congress )

AWAY AWHI
- 1744 days ago - theweek.com
While apparently nobody was looking, says a fiscal think tank, Washington basically solved our budget problem



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Comments

Sue Matheson (79)
Friday January 11, 2013, 3:25 pm
thanks
 

Philip H (474)
Friday January 11, 2013, 4:52 pm
"it still comes as something of a shock to realize that at this point reasonable projections do not, repeat, do not, show anything resembling the runaway deficit crisis that is a staple of almost everything you hear'.

I for one have no problem with a do-nothing approach to further deficit reduction. We've patched the tax code sufficiently for now, although simplification would be wonderful. The sequester is coming in two months and the biggest impact of that is reduction of military spending. I'm fine with that. As long as we don't make cuts too deep too fast, we should see modest GDP growth in 2013, and that more than anything would reduce the deficit. I wouldn't even mind seeing some "stimulus" in the form of spending for infrastructure, in particular improving the electric grid and generating more renewable energy.

All the people talking about a need for big spending cuts are the very same people that want to decimate Social Security and Medicare. I don't trust them and I don't believe them. So I have no problem with Congress doing nothing about these so-called fiscal cliff issues.
 

John B (185)
Friday January 11, 2013, 9:00 pm
Thanks Cal for the link to the article by Peter Weber. A quite interesting supposition that he puts forth. Read and noted.
 

Past Member (0)
Saturday January 12, 2013, 3:58 am
But these projections also never come to true, so Clinton's budget surplus was never realized. However, I agree that buy doing nothing would have fixed the problem of deficits, it was the impact that that would have had on the economy is what people were concerned about.
 

Ro H (0)
Saturday January 12, 2013, 6:18 am
ty
 

donnaa D (14)
Saturday January 12, 2013, 7:13 am
thanks
 

lee e (114)
Saturday January 12, 2013, 10:21 am
noted -- confused and bewildered - but noted!
 

jan b (5)
Saturday January 12, 2013, 2:31 pm
The GOP is force-feeding the Pentagon with money for weapons the Pentagon didn't want. .....just so they can justify cuts for our social benefits to seniors, children, veterans and the disabled. To clarify...it's not the social benefits that is under attack that congress now in DC gets or those in congress long retired.....
 

Winn A (177)
Saturday January 12, 2013, 6:18 pm
Thanks
 

Lois Jordan (63)
Sunday January 13, 2013, 2:10 pm
Noted. I'm not worried about cuts to DoD....they're bloated with expensive and unnecessary programs and weapons. Raise the debt ceiling. Put forth another job stimulus....mostly for infrastructure, education and green energy. Cut dirty energy tax loopholes, breaks and subsidies. Break up the banks and impose a Transaction Financial Tax on Wall St. Increase the payroll cap on Soc. Sec.....if someone making $40,000 a yr. pays 4%, then someone making $40 mill. a yr. should pay 4% on every penny. All this would be a good start!
 

James Maynard (84)
Sunday January 13, 2013, 3:23 pm
Well that's an interesting take.
 

Sergio Padilla (65)
Wednesday January 16, 2013, 8:52 am
Thanks
 
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