NYcarbineer
Diamond Member
Without the super committee, the spending cuts start automatically in January of 2013.
When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.
Spending cuts + a return to the old tax rates = deficit reduction.
Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.
Another brilliant move by Obama.
I am willing to bet you right here and now that Obama will call for another extension of the Bush tax cuts before the election in November.
I am willing to bet you that Obama will call for an extension of the Bush tax cuts, except for the top rate; that is the position that hits the sweet spot of public opinion,
and that is the position that would force Romney - who would oppose that exception - into the appearance of fighting for his own personal interests.