On Morning Joe today there was discussion regarding the staged stalemete between Republicans and Democrats regarding disagreement over spending cuts and tax hikes. Joe Scarborough focused on a statement made by Mitch McConnell -- McConnell stated over the weekend that Democrats couldn't get tax cuts passed when they had a majority in both houses. Scarborough stated that Democrats don't want to raise taxes in this economy -- they just want to use this issue to bash Republicans and to avoid an agreement to cut spending. Most Democrats are actually calling for more spending to "create jobs", so they don't want to be hamstrung by balanced budget agreements or any restrictions on spending.
The question is how much would the Republicans cut if they had the power? Would a congress controlled by Republicans cut entire government programs? We need radical change, but neither party can even agree on short term fixes at this point. Andrew Ross Sorkin and Harold Ford were on and they called for bipartisan compromise and pragmatic legislation to solve problems. What this means is for Republicans to stop insisting on spending cuts, raise the debt limit and continue to spend money on "investment". Joe S. has even favored "investment" like infrastructure and improving the education system. The problem is that this has been tried, and money goes down a black hole that somehow favors those with good government connections, but never accomplishes the stated goals. Our government is obviously incapable of creating jobs, improving education or innovating in the field of green energy -- our government is obviously incapable of creating change in the Mideast. So why are we still calling for more waste in these areas, and why is the public allowing politicians to distribute counterfeit money to cronies, while the public winds up paying the higher prices caused by the new inflation of the money supply?