The sequester starts tomorrow, March 1st, 2013. For all the conversation about dire consequences the Stock Market is at new highs today, we’ll see what happens in the morning.
I think this is a good thing. We need budget cuts, we need ways to increase revenue. Republicans are talking about closing loop holes, and the President is still making noises about tax reform. I say it doesn’t make any difference, we already got tax increases on the wealthy, now we just need the budget cuts.
So let’s take a look at the schedule for Congress in the next few months, and see where they might have time to discuss a budget, budget cuts, and tax code revisions. They have already discussed Benghazi into the ground, and got all the documents they were demanding. They have already had the debate on an Assault Weapons ban, so we can kind of move that to the back burner.
I think every voter, and tax payer should be looking to Congress to clear the floor, and come up with some real economic policy to take us to the end of the decade. There is nothing more important that I can see on the agenda for Congress. If we can clear the budget hurdle we would be an economic power house, once again.