How is this good for us?
I'm sorry but I need to rant a little here.
During the midterm elections I heard people often say something that I seldom agree with: that we need "gridlock" in Congress in order to get things done. Well lets see how thats worked for us so far. The first goal under the new Congress was to reduce the deficit with the goal of eventually reducing the national debt. Their first opportunity to do that was by repealing (at least some) of the Bush era tax cuts. The republicans wanted to cut entitlement programs but keep tax cuts for the rich. The Dems wanted to raise taxes on the upper incomes but keep entitlement programs where they are. So what was the end result? We got tax cuts for the rich and extended entitlement programs? This will add at least $900 Billion to our already overbloated deficit. Explain to me again how the heck is this good for us? Because I'm not seeing it. You don't solve a problem caused by debt with more debt. Talk about robbing Peter to pay Paul...