What's mine is mine and what's yours is negotiable
A bit more information has trickled out over the last few days detailing the exact state of the budget negotiations when they collapsed. Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress [for some definition of "good progress"] on the rest of it.
So, not a dime's worth of difference between 'em. The legacy parties handed the banksters $14 trillion of our money*, give or take, and NOW NOW NOW. And the legacy parties -- who are, as the bailout show, owned by the banksters -- want to take another two trillion out of our hides. That's Act I. Now, Act II:
But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.
Nobody could have predicted that! So, 17% less evil? I doubt it. I'd say the "two" parties would split the difference at 8.5%, but this is Obama, so I'm figuring 0% with some sort of non-verifiable promise to play nice in the future. "Peace in our time."
[Reach me that bucket, wouldja hon?]
NOTE And it's all our money.