Marietta Deac
Active member
- Joined
- Mar 25, 2011
- Messages
- 675
- Reaction score
- 26
http://www.politico.com/story/2012/11/84364.html?hp=t3_3
Basically, it says pubs will give $1.2 T in new revenues including rate hike and Dems will give at least $400B in entitlement savings along with other cuts such as reduced war spending. The entitlement savings won't come for ten years, so they may be phantom as another Congress and POTUS could reverse them in the future. Just shows that there is the substantive negotiation that you don't see and the political negotiation that you do see in the media. Both sides have to keep up a good front until they compromise at the end. Let's just hope they end the charade sooner rather than later.
Basically, it says pubs will give $1.2 T in new revenues including rate hike and Dems will give at least $400B in entitlement savings along with other cuts such as reduced war spending. The entitlement savings won't come for ten years, so they may be phantom as another Congress and POTUS could reverse them in the future. Just shows that there is the substantive negotiation that you don't see and the political negotiation that you do see in the media. Both sides have to keep up a good front until they compromise at the end. Let's just hope they end the charade sooner rather than later.