Deficit Talks Fail

[MadImmortalMan]

What some people forget is that they were passed initially a temporary stimulus measure - hence the (disregarded) sunset.

You're not that naive. Everything intended to be a temporary fix becomes permanent.

[The Minsky Moment]

There were a few.  The Ryan proposal

The Ryan proposal was New Math.  The GOP is balking now at auto spending cuts to defense; the Ryan plan if actually implemented as proposed would leave $0 for defense by a couple decades out.

[CountDeMoney]

I don't see how the deficit talks can be considered a failure, particularly since the deficit gets cut with the automatic kick-ins.

Buhbye, W's rich pipple tax cuts.

[KRonn]

I guess now our politicians are scrambling a bit to decide on renewing some of the Bush/Obama tax cuts that were extended last year. If nothing is decided then all our payroll taxes go up in January. About a thousand dollars a year for the average worker. That will hurt a bit.

[garbon]

I don't see how the deficit talks can be considered a failure, particularly since the deficit gets cut with the automatic kick-ins.

[Tonitrus]

I don't see how the deficit talks can be considered a failure, particularly since the deficit gets cut with the automatic kick-ins.

Buhbye, W's rich pipple tax cuts.

I almost wonder if this was the plan all along.

It kinda gives the congress-critters some political cover, instead of having to answer to accusations that he/she "voted for unfair cuts/take hikes", they can say "we didn't want to make cuts...it was the law".