RE :”
The lesson of the last two weeks is that Republicans publicly proclaim that they care about the deficit, cutting spending (except for defense), and cutting tax rates for everybody, including corporations. But when a deal is on the table, they will settle for cutting tax rates and agreeing to more spending and higher deficits. Democrats publicly proclaim that they care about increasing spending (except for defense, and especially in a weak economy), raising tax rates on the rich, and reducing the deficit (though not now). But when a deal is on the table, they will settle for increasing social spending, lowering tax rates, and increasing the deficit. The net effect is obvious: the Deficit Commission called for each side of the political debate to accept some pain — for the right to accept higher taxes, and for the left to accept cuts in spending. Neither side would agree to that. The tax extension compromise shows that each side is willing to do what its members believe matters most for their side and causes no pain — higher spending on social programs for the left, lower tax rates for the right. The net effect of this compromise is a substantial increase in annual deficits and a much more rapidly accumulating federal debt.”
Yes this lame duck party is the TARP Republican party we know from 2006-2008. But this is not the 112th congress Republican party. We don't know what they will do yet and maybe we can have hope. We don't know how long it will take the R leadership to corrupt them.
I like the comment about moving to China. Reminds me of Jim Rogers who made his kids learn Mandarin (Chinese) and moved with them from Manhattan to Singapore.
http://en.wikipedia.org/wiki/Jim_Rogers
On November 4, 2010, at Oxford University’s Balliol College, he urged students to scrap career plans for Wall Street or the City, London’s financial district, and to study agriculture and mining instead. “The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources