Well it seems that at least a few adults are showing up during these perilous times.
If Mr. Obama decides to talk, he'll find that we actually agree on some
things. For example, most of us agree that gradual, structural reforms
are better than sudden, arbitrary cuts. For my Democratic colleagues,
the discretionary spending levels in the Budget Control Act are a major
concern. And the truth is, there's a better way to cut spending. We
could provide relief from the discretionary spending levels in the
Budget Control Act in exchange for structural reforms to entitlement
programs.
The problem though is Obama won't horse trade further on the debt ceiling because he would have to do it every time it has to be raised. I think some kind of deal needs to be done to get rid of the debt ceiling in exchange for tax and entitlement reforms. That way both parties get to win and we can have a nice Santa Claus rally to end the year with.
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