The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

ATRA: Not The Shave You Wanted

Posted on | January 7, 2013 | 1 Comment

by Smitty

The American Taxpayer Relief Act, per the modern usage, offers the precise opposite of its title.

According to the Congressional Budget Office, the fiscal deal adds $332 billion in new direct spending over ten years. The deal also contributes $620 billion in additional revenue, as reported by the White House and members of Congress. As a result, the cumulative deficit over ten years is $6.9 trillion.
In addition to inflating the deficit, the fiscal cliff deal does nothing to address our unsustainable spending problem. While the deal may have relieved a short-term political impasse, it fails to deal with the country’s long-term debt driven by the excessive spending on programs like Social Security and Medicare.

Thus, while the middle column is taller than the left one, the rest of the spending disaster renders ATRA a dull blade, indeed.

Those Congressional weasels will continue ripping flesh until removed. Your attention is drawn to the mighty Scott Ott, who leads off with a related Princess Pelosi item:

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Comments

  • http://thecampofthesaints.org Bob Belvedere

    Thanks for the depressing news…well, we conservatives are known for not avoiding Reality, so I forgive you.