It's broke .
. .
When it
comes to eliminating the nation's debt and balancing the budget there has been nothing but a stalemate in Congress. * Conservatives want cuts without tax
increases. Liberals want tax increases without cuts. Both won't give an inch.
Now, as a
fiscal-conservative, I have to sympathize with the conservatives here. Both
Presidents Reagan and Bush (senior) agreed to a congressional plan to raise
taxes $1 for every $3 in cuts. Both Presidents were blasted (and rightfully so)
for this move, and they both regretted making it. Why? Because the tax increases
took effect immediately, and the cuts were to future spending. None of the cuts
have ever come to fruition. Why? Because you can't force a future Congress to
abide by budgets set under previous congresses.
The solution
is simple: put in a stipulation that states that if the tax cuts do not take
place by a certain date, the tax increases are AUTOMATICALLY rescinded,
including reimbursement to those affected (including those evil rich people).
Make it a hard and fast law that a future Congress can't break.
Now THAT'S what
you call a compromise we can live with!
. . . time
to fix it!
*
Generalization - both conservatives AND liberals have not been too keen on
spending cuts
