"A debt ceiling increase is only over roughly an 18-month period of time. The savings could play out (over) more than a decade," Kyl told reporters. The time frame is important because spreading the cuts over a longer period means that they would be less severe than if they were imposed over a decade, as is typical for legislation considered by Congress.CJOnlineSpend $2.5 trillion now and maybe cut later. You can see Eric Cantor, front and center, protecting the federal job base for his district. Virginia get a nice 61% bonus payout in the state for each federal tax dollar.
Where is Ms Bachmann? Her state pays a 28% penalty for that $2.5 trillion, even as they save and scrimp to get by brutal winter.
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