This is probably the best we could hope for…
The Republicans are going to block anything positive….
But, at least the GOP couldn’t do any more damage….
From ThinkProgress.org:
While Republicans and Democrats continue to fight over how to reduce America’s debt and deficits — moving from near-government shutdowns to failed super committees and opposition to both spending cuts and tax increases — the government of Belgium may have inadvertently provided Congress with an example of how to fix the problem: do absolutely nothing.
After 536 days without a government, Belgian opposition parties struck a deal today to form a new coalition led by Socialist Elio Di Rupo. On this side of the pond, 563 days without any congressional action on fiscal or budgetary measures would go most of the way toward achieving the deficit reduction Congress is longing for. As Center for American Progress Director of Tax and Budget Policy Michael Linden has pointed out, if Congress were do to nothing between now and January 2013 (just 397 days from now), the federal budget deficit would fall to just 1.6 percent of gross domestic product and continue dropping after that:
Similarly, debt as a share of GDP would fall to just 61 percent by 2021:
Such reductions would take place primarily due to the expiration of the budget-busting Bush tax cuts, which cost roughly $2.5 trillion over 10 years. The spending cuts triggered by the inability of the supercommittee to reach a deal would also take place, and multiple policies that Congress generally kicks down the road, like the alternative minimum tax, would also take effect.
Of course, there are policies Congress could enact to actually help unemployed Americans and the struggling economy, like passing laws that would create jobs and stimulate growth while addressing much-needed improvements in infrastructure and other areas. But if the goal is only to reduce debt and deficits, perhaps it’s better if members take their cue from the Belgians and just go home for a year or two.
My Grown Up Christmas List
People tell me I am impossible to buy for at Christmas time, so I thought I would make it easier for them this year.
Here is my Grown Up Christmas List. I don’t mean that smaltzy song about no more wars, no more people torn apart, etc. I’m not that optimistic, so I’ll set my sights a little lower…
I have more than enough “stuff”, so here is what I really want….
If you can’t get it all now, I’m patient.
My Birthday is in October…
If you do celebrate Christmas, I ask you to take this time to think not just about Jesus’s birth but about his life and what he stood for- helping the poor, feeding the hungry, loving your neighbor- and see how you can emulate these Christian behaviors throughout the coming year.
Let’s try to keep this in mind instead of judging and trying to force your beliefs on others throughout the year….
That’s my job.
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