But the Republicans have to get the military sequester out of the equation. Right now, Obama and the Democrats have a gun to the temple of the hostage in the room, and that hostage is Defense.
The Republicans were asked by the Democrats (in a stunning reversal) if the Republicans wanted to delay Sequester for 2 years, and the Republicans said "No!"
True enough, it would have added $109 Billion to the debt for one year which would have been addressed in the next year's budget, but when we are talking about $17 Trillion in debt and $100 Trillion in unfunded liabilities driven almost exclusively by entitlements, the Republicans would have been very smart to have taken the deal. That $109 Billion is less than 10 cents on the dollars of every deficit Obama has run every year for the last 4 years!
The GOP refused, and painted themselves right into a corner with the coming debt ceiling negotiations.
Sometimes I wonder if the GOP is really that stupid, or they are stealth Democrats.
More rationalization for why we cannot have any cut in spending, even $110 billion out of a $3.7 trillion dollar budget, which is less than 3%. The sequestration formula of 50% from defense and 50% from everything else can be changed. In fact, that was the idea. It was the club to get both parties to make cuts. Now that the time has arrived without any deal, both parties will need to identify cuts to avoid the sequestration forumla. The Reps have already done so and it was passed by the House.
Postponing the sequestration cuts for another year is just plain nuts. We have the Obama tax increases. Obama claims the spending cuts from sequestration, yet now you want to postpone them until next year. If the Reps were to agree to such a deal, what kind of message does that send to its base who are already unhappy with them for raising taxes?
You gotta remember zero won't even talk about budget cuts. They want to do everything through taxation and growth.no surprise they buy most of their votes with our money and have been for years. Zero is basically saying let cloward piven weave its evil way. Which is what they really want. This whole thing is convoluted and complex,in some areas all we can do is make educated guesses.