Congress stop being crazy. Raise debt the ceiling now before the credit markets panic, and adopt Simpson Bowles as a long term economic plan.
I believe that would ignite our economy, create jobs and raise incomes. Yes, raise taxes/revenues, but put our fiscal house in order as well.
Unfortunately that is not the real aim of either party.
The Republicans don't want to solve the deficit problem, they want to eliminate government. They want to drastically cut down on the role of government, and are using this crisis as a means to accomplish that goal.
While the Democrats aren't nearly as bad, they are playing into the Republicans hands by refusing to make even sensible moderate changes to entitlements programs like refusing to raise the retirement age for Social Security by just 1 year and that beginning 30 years from now.
A strong, fiscally sound US would leave the hopeless EU in the dust and fend off rising China. All we need is the common sense approach embodied in the Simpson Bowles proposal.
Eric
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