Posturing Has Begun
Reid and Obama are both suggesting they have a plan to pay down the deficit in a balanced way. Others have pointed out that taxing everyone with over $250K in earnings to the point of destruction would only run the government for 141 days. The mythical Clinton surplus would run the Obama government only 23 days. Paying down the deficit in reality doesn't mean paying down anything at all, it just means charging less. Charging less sounds noble but the $16 trillion debt still grows. Even if we were to ever achieve a balanced budget the debt will probably be monetized a little at a time so as not to incur rapid inflation and trashing the dollar (much like boiling a frog starting with cool water). If either party were serious why would they wait until 50 days from the cliff to negotiate? Gentlemen we are being snookered and the posturing has resumed.
"A pen in the hand of this president is far more dangerous than a gun in the hands of 200 million law-abiding citizens."