MONTGOMERY, AL (WSFA) - Another fascinating episode in American politics ended this week as Congress finally came to a compromise agreement on raising the national debt ceiling.
Under the plan, the debt limit increases some $2.1 trillion over the next two years. Spending cuts will take longer… the first 900 billion over the next 10 years, and another 1.4 trillion yet to be determined.
It does not address long term spending cuts of Medicare, Medicaid and defense, the programs which drive our debt. Nor does it address revenue increases with higher taxes. In typical Washington fashion, the tough decisions were put off until after their election in 2012. Unfortunately, this same issue will come up again in early 2013, so be careful who you vote for next year.
But lest we be too critical, consider this. We as a nation are about half Democrat and half Republican. We elected Congress and the president to fight for our views on complex issues like this…and they did.
Neither Democrats nor Republicans were completely happy with the deal. But they did what they had to do, albeit at the last minute, to keep the U.S. from defaulting on our debts. Had they not accomplished that, then we really should complain.