The Beltway is waking up to the realities of Prsident Obam's budget plan, which taxes, spends, and borrows as far as the eye can see.
Sentiment: NEGATIVE
And so we go over the cliff fiscally, and our Republican friends try to pin the blame on discretionary domestic spending, including spending for security. We pass budget resolutions that fall far short.
The borrow-spend-and-centralize agenda that has been so destructive to job creation elsewhere in America has been a gravy boat inside the Beltway.
Fiscal discipline can turn the economy around.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
I think calling what Paul Ryan is doing a 'budget' is lending some validity to it. It is not a budget. If it were a budget, he could justify his revenue projections, he could justify his cuts, and he can't. This is a scheme to rob the poor and give to the rich.
Something different has to be done before we make another budget deal that increases spending and raises the debt some more. Our current course is not reasonable. Our current course is insane.
Now, 'the fiscal cliff' is a name that the media came up with, but some of us have been saying for years, 'You have got to stop the out of control federal spending, or you will end up at this point.' We're there.
You'll notice that for many progressives, taking from the rich is not simply a necessity of budgeting but a moral imperative and a tool to institute fairness that capitalism supposedly hasn't.
The 'fiscal cliff' is a ruse, an invention by the right and the rich, to try and keep their huge tax breaks.
Life inside the Beltway bubble dulls your thinking.