We'll see. The electorate is very unhappy with both parties. They gave the Dems 2 years of power to fix things before throwing them out. I can't see them giving the Republicans more time than that.
This bipartisan commission tasked with balancing the budget has me hopeful. But starting off with such a big spending item as this tax cut is pointing us in the wrong direction if balancing the budget is the goal.
Still, raising taxes in a recession isn't a very good idea either.
|