I just dont get it

[Jim in CT]

Originally Posted by scottw

and there you have it ....

Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus

WASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

That's really something if that's true. So Obama's response to our crisis is to throw gasoline on the fire, by spending more, following the previlus stimulus that by Obama's own metrics (about what it would do to unemployment) was an abject failure.

CT just came out with a study that is projecting annual deficits of more that $1 billion for the next several years, and THAT is assuming that tax revenues increase by 7% a year during that time, which is absurd. Maybe the state should start buying Powerball tickets.

Scott, in another post, you said the liberals won't learn until the crisis hits. I have been saying that for several years. That crisis will occur when a sufficient number of baby boomers are devastating entitlement funding, maybe another 15 years.