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View Diary: Are talks between Obama and Boehner already breaking down? (194 comments)

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  •  Neither expiring the Bush Tax cuts or (2+ / 0-)
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    Ottoe, dharmafarmer

    sequestration will reduce the deficit in the budget to zero.  It would have to be zero in order not to have an increase in the debt ceiling.

    Expiring the Bush tax cuts won't generate new real revenue for a while and the sequester cuts were only about $80billion in year 1 of the sequester.

    We are running a trillion a year deficit.  None of this can make it possible to balance the budget in 2013.

    Mitt Romney rides off into the sunset in his Audi.

    by captainlaser on Mon Dec 10, 2012 at 02:00:56 PM PST

    [ Parent ]

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