The way I understand it is that the agreement proposes a two-stage process.
- In the first stage, it includes $917 billion in spending cuts and other deficit reduction now, as well as a $900 billion increase in the debt ceiling.
- The agreement would slow the growth of government spending over the next decade by $2-$3 trillion and allow enough borrowing to put off another vote to raise the ceiling until 2013, after the next election of course. Typical political bullshit
What's done is done, that money is already spent, we should be concentrating on the right pace of future spending for our country. The deficit reduction debate is about that future path. The future path as Obama mentioned in his speech above, is creating jobs. Yet we just heard that the rate of economic growth the past two quarters has been incredibly low, and we have nearly 25 million Americans either unemployed or stuck working part-time. Here's what is so truly absurd: We wouldn't have a deficit crisis, if we had more people working. The revenue that would come from halving our unemployment rate would reduce our long-term debt to manageable levels. Seems to me that's the sort of policy debate Congress should be having right about now: What's the best way to get more Americans working?
Bottom Line : Politics is a dirty game
Softball should be an escape from all of this, but unfortunately it is a reminder that many leagues suffer from the same misguided selfish political squabbling among its own "tea party" members who manipulate, control, and twist quiet crisis issues like:
- Playoff Systems
- Illegal Players
- Pitching Rules