Geee Posted January 29, 2013 Share Posted January 29, 2013 American Spectator: Paul Ryan says it’s going to happen, the sequestration, that is. One can hardly imagine any alternative scenario, in which Democrats and Republicans work it all out, and come out singing Kumbaya with a deal to avert the workings of the automatic cuts, share and share alike, to domestic and defense discretionary spending. Certainly, it would be better a) to prioritize cuts, and to reform entitlements such as Medicare and Social Security over a longer time line. The former is just common sense. The latter would reduce any short-term hit on the economy while improving the long-run balance sheet of the nation and head off cascading and uncontrolled spending and inevitable tax increases caused by changing demographics, i.e., low birth rates and an ageing population, and the fact that the entitlements are on auto-pilot and not subject to negotiations or restraint in the normal budgetary process in Congress. But no Democrat is willing to jump on entitlements. No Republican wants to jump, say, on farm subsidies or defense spending. Let the grandchildren be damned. Link to comment Share on other sites More sharing options...
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