I should be grateful. I know he's throwing the election. But it's like watching a train wreck.
Taxmageddon sparks rising anxiety - The Washington Post
Taxmageddon sparks rising anxiety - The Washington Post
In the meantime, political leaders are focused less on finding solutions than on drawing lines in the sand. In a speech Tuesday, House Speaker John A. Boehner (R-Ohio) plans to address the issue of national debt, which will once again be nearing its legal limit in January, just as the tax hikes and spending cuts are due to hit.
According to advance remarks provided to The Post, Boehner will insist that any increase in the debt limit be accompanied by spending cuts and reforms greater than the debt limit increase the same demand that pushed the Treasury to the brink of default during last summers debt-limit standoff.
This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance, Boehner plans to say at the Peter G. Peterson Foundation fiscal summit. If that means we have to do a series of stop-gap measures, so be it.
Last week, the House approved a plan to protect the Pentagon in January by reconfiguring $110 billion in across-the-board spending cuts known as sequestration so they would fall exclusively on domestic programs, such as food stamps and health care for the poor.