Pangloss Posted February 16, 2011 Share Posted February 16, 2011 The looming budget battle between the White House and the House of Representatives is looking really interesting. The President has attempted to grab some of the moderate mind share by adding huge cuts to his 2012 budget, but Republicans were quick to point out that the proposal doesn't even attempt to balance the budget ten years into the future, at which point the budget would have about the same deficit that it did when Bush left office! Meanwhile another $7.1 trillion would be added to the debt. Of course the real problem is that most of the budget isn't even being looked at. The two sides are arguing over a few hundred billion while the deficit this year will top $1.65 trillion. Until the major players are willing to touch that third rail, it's hard to see how anything can really be resolved. Some background and recent events here: http://abcnews.go.com/Politics/obama-defends-2012-budget-addresses-deficit-tax-overhaul/story?id=12921014 What do you all think? Link to comment Share on other sites More sharing options...
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