Panetta: We are willing to cut ten trillion out of the budget over the next century. All we want is two trillion out of the military budget over the next three years.
Boehner: Sounds reasonable. Give me a minute, I’m tearing up. I never thought we could be so bipartisan.
Barring a videotape of Bath House Barry getting oral sex from Reggie Love in under the desk in the office of Air Force One while Obama talks on speaker phone to Congressional Democrats and laughs about how they electronically destroyed Romney votes while manufacturing their own - Republicans are screwed. They have no momentum, no mandate, they don't control the White House, they don't control the DoD, they don't control the Justice Dept, the FBI, the CIA, the Senate, and the media are 97% against them. Oh, and since Judas Roberts is afraid of his....ahem...."alternate" lifestyle being exposed (or whatever else they have on him), we have lost the Supreme Court also.
So here we are.
On the edge of the Fiscal Cliff.
If Sequestration takes place and the Bush tax cuts expire, the economy will go into a worse Depression than we are in now (and trust me, this is a Depression). Obama and the Democrats have only been able to mask this Depression by borrowing and spending 7 Trillion Dollars in four years.
Conservative estimates are that 2 million direct jobs will be lost with Sequestration, with more after that as the economy goes into a tailspin. The tax revenues will go down despite the tax raises, entitlement spending will go up even more logarithmically, and we probably won't crawl out of it for years. And, oh yeah, our military will become absolutely hollow almost overnight. Let's pray one of those "war thingies" doesn't happen. All we are saying, is give peace a chance.
I for one don't believe there will be any deal, and Sequestration will happen anyways. It will become everyone's poison to drink at that point. Why? Because I have never seen our government at any level behave responsibly in the last 5 years. At every turn, they have done the wrong thing.
Some people argue "Let sequestration happen! Burn it all down! Better sooner than later!" They don't really realize that we still have a chance to save the country if (and ONLY if) entitlements are drastically reformed.
Maybe I will be surprised. Maybe Obama will double cross the media, the liberals, the unions, the illegals, and the rest of the godless rabble. That would be sweet revenge to see them twist their hair out.
In any case, if Sequestration happens, the economy will behave like an ice skater doing a twirl and bringing her arms in. Faster, and faster......