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karynnj

(60,109 posts)
5. I agree that I would hate that agreement
Tue Dec 13, 2011, 11:45 PM
Dec 2011

However, I suspect that over the next 13 months, the Bush tax cuts will be extended - as things are taken hostage. At that point, in hindsight eliminating the Bush tax cuts plus $350 billion in revenue might be more revenue than we would have otherwise - by a long shot. The question though is how they could find $1.2 trillion in cuts to entitlement.

At this point, because they did NOT take it - the point is that they were nowhere near serious in really lowering the deficit.

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