For the last two years, we've been pummeled with the concept that all this spending and the ever rising deficits will lead to our financial ruin. This was a central tenant to this falls elections. However, to fix the deficit, we're going to have to see two things happen: an increase in taxes and a decrease in spending -- with an emphasis on health care expenditures.
So -- in their first move of the new Congress, did we see a move to raise revenue to help stave off the imminent danger of federal deficit?
No.
We saw a "kick the can down the road' response to the problems we face.
As usual, Washington fell down on the job.
