A debt increase with a short term commitment for spending reductions and no tax increases is on the fast track. It also seems to have some commitment for a Balanced Budget Amendment and re-writing the Tax Code which are good things - but since there are no real specifics yet we have to be cautious.
a. Congress still has to approve the deal.
b. Some sort of "Super Committee needs to come up with details on the next round of spending cuts. (But good on the GOP for getting triggers in there for cuts if the Committee fails to agree.
c. Nice "Talk" about re-writing the tax code and further cuts but we've heard that before.
d. We still have to address the 2012 Budget, Obamacare and Government programs that show the Business investors that we are committed to Fiscal Responsibility, a Business Friendly Environment and Job Growth.
I'm not sure that we have enough adults in Congress to address all of this and I am sure there aren't enough Non Socialists in the Administration to Lead this effort.
What am I talking about, they Lead from Behind any way!
http://online.wsj.com/article/SB10001424053111903520204576480123949521268.html?mod=WSJ_hp_mostpop_read#printMode
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