Congress voted to tie increasing the debt limit to spending cuts Tuesday. Good for them. Vote 318 to 97.
97 Congressmen still don't realize we are in a crisis.
Obama's spokes puppet says he agrees to "deficit reduction" as a condition. But that means tax increases. That is, Tax increases that with static projection will reduce the deficit. But people are not static - they change behavior to avoid the taxes. The tax increase slows the economy and never generates the expected revenue.
We have to cut spending. Good for Congress.
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