Well, it looks like the politicians in Washington DC have lost all touch with reality, in order to reach a compromise on the income tax breaks. Seems the compromise includes the worst ideas from both parties. A year-long cut in Social Security taxes will cost $120 billion, but somehow President Obama said there would be no effect on Social Security benefits nor long-term solvency. How could that possibly be?
Another problem is the extension of unemployment benefits, being financed by borrowing, instead of spending cuts. When will the politicians learn that they must stop spending money that they don't have?
Tuesday, December 7, 2010
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