Supply: www.businessinsider.com – Thursday, October 03, 2013
Someway, various folks in Washington have spent the last day discussing the concept that how one can reopen the govt. and lift the debt ceiling is to tie these actions to a vast fiscal coverage overhaul, together with entitlement and presumably tax reform. Politico has a headline positing that a grand cut price on entitlements could be the "only manner" out of a shutdown. I feel like I'm taking loopy tablets. The House has shut down the govt. as part of an anti-Obamacare strategy that even most Republicans assume is idiotic. Congress can't move a bill to keep the govt open for six weeks or 10 weeks on the related spending ranges that Republicans and Democrats agreed to in 2011. The way in which we're supposed to fix this drawback is by way of adding main, long-time period fiscal reforms to the discussions? I assume the speculation is that Republicans want entitlement reform, and it might make them extra amenable to now not doing the quite a lot of issues they can do to tank the economic system — reminiscent of inflicting the U.S. government to hit the debt ceiling. But Republicans don’t show enthusiasm for entitlement reform even by itself phrases. Needless to say, it is a party that spent the ultimate two election cycles hammering Democrats for chopping Medicare too much. When President Obama proposed using the chained shopper value index to set Social Safety funds, a transfer that might modestly reduce advantages, Rep. Greg Walden (R-Ore.), chairman of the Nationwide Republican marketing Campaign Committee,

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