Before the compromise that pushed the sequestration out 3 months, I was in favor of allowing the cuts to take place. I know that the result would have been recession but it would have been short and only technically accurate. In reality the cuts would strengthen the economy and we would find ourselves better off.
However, the compromise isn’t such a bad thing. On the one hand it forces the senate to actually take up a budget AND we still can let the cuts take place.
But are we serious?
“I think the sequester is going to happen,” Representative Paul Ryan, chairman of the House budget panel and the party’s 2012 vice presidential nominee, told the NBC program “Meet The Press.”
House Republicans, most of whom had strongly opposed any tax rate increases in the “fiscal cliff” debate, have now started to shift their focus away the issue of tax increases and toward the spending cuts.
“We think these sequesters will happen because the Democrats have opposed our efforts to replace those cuts with others and they’ve offered no alternative,” Ryan said.
I hope that this means the republicans are serious. It’s very clear that, whether Obama really has capital or not, he THINKS he does, and isn’t going to negotiate.
Time to take our medicine.