teapartyeconomist.com / By Gary North / March 1, 2013
Obama says Congress must raise taxes on the rich. Public opinion polls say most Americans agree.
Most Americans are thieves. They want all of the government-provided goodies at someone else’s expense. That is what the welfare state is all about.
Speaker of the House Boehner says “no deal. Cut spending.” If he deviates this month, he is likely to be replaced as Speaker. He loves being Speaker.
Will the cuts begin? Yes.
The March 1 meeting was scheduled for show, not substance. All of this debate over sequestration is for show. This is not the showdown.
The showdown will come at the end of March. That’s when the next increase in the federal debt ceiling will be required to avoid the official bankruptcy of the U.S. government. That’s judgment day.
Thanks to BrotherJohnF