A discussion on truth, beauty, the American way, humor, intelligence, love, stupidity and where we are today
Wednesday, September 12, 2012
So, Congress is back from their 5 week recess
Okay, no complaints here about Congress getting 5 weeks more vacation time. This is going to be a conversation on what needs to happen, what lies ahead of them and what they need to do.
The Congress needs to come up with a budget compromise before the end of their year or we'll hit what has been too-frequently been called a "fiscal cliff" and it will be nothing but ugly.
Moody's set to downgrade US without budget deal
Moody's says US government debt rating would be cut if no federal budget deal is reached
NEW YORK (AP) -- The U.S. government's debt rating could be heading for the "fiscal cliff" along with the federal budget.
Moody's Investors Service on Tuesday said it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail.
If Congress and the White House don't reach a budget deal, about $1.2 trillion in spending cuts and tax increases will automatically kick in starting Jan. 2, a scenario that's been dubbed the "fiscal cliff," because it is likely to send the economy back into recession and drive up unemployment.
Of course, it's an election year, as we all know, and the Republicans don't want to have this president be anything close to successful so they seem to be flirting with the idea of not compromising with the other political party:
House Speaker John Boehner, an Ohio Republican, said he's not confident that Congress can reach a deal and avoid a downgrade. No serious negotiations are expected until after the November elections.
Did you get that? "No serious negotiations are expected until after the November elections."
That is some kind of disgusting.
It's irresponsible. It's unacceptable.
It doesn't matter what your political party or leanings, this has to do, purely, with doing their work, doing the "right thing" and getting and keeping this country going forward on its work.
It's mid-September and Congress isn't even going to sit down to seriously TALK about our national, federal budget until after our November elections?
That is pushing insanity.
Email your Conressional representative now, in both houses, the Senate and the House, and let them know this is utterly unacceptable to you and that we need a budget and solutions sooner, rather than after the election: http://www.contactingthecongress.org/