Watching Up With Chris Hayes this morning & he discussed the debt & deficit.
In 2010 Tea Party members were voted in because of the debt & deficit problems.
Yet, what did they do?
They voted to extend the Bush tax cuts, thus ballooning the very problem they were suppose to change.
Now, unless a deal is agreed on, those tax cuts will end & cuts will kick in.
The stock market doesn't really care about the 'debt' & 'deficit,' because just letting this kick in would do a lot to draw down the debt & deficit & the market would reflect this.
Instead, how is the stock market reacting, they are not happy, because they know if the cuts kick in austerity will bring more unemployment & another recession.
So a deal must be made.
Some of my choices, tax the top tier & end payroll tax cuts, tax capital gains like income, ease spending cuts on social programs, cut defense spending, end the ceiling on SS, means test Medicare & SS.
DO SOMETHING!
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