Gridlock in Congress

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callmeslick
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Joined: Wed Jul 29, 2009 9:02 pm
Location: Fearing and loathing in Delaware and Virginia.

Gridlock in Congress

Post by callmeslick »

....is likely what we'll have come November. Both parties about even, nothing gets done. We've seen this before, but the following is a quote from a noted economic analyst:
"If government action is crucial, then gridlock is not an attractive outcome. Ethan S. Harris, chief North American economist at Bank of America Merrill Lynch, says that because of an unusual series of “automatic mechanisms” built into the law this year, if Congress is gridlocked, the result could be “disastrous.”

On Dec. 31, he said, not only do Bush-era tax cuts expire, but tax breaks enacted in the Obama administration’s fiscal stimulus program will also disappear. In addition, he said, there could be a $60 billion tax increase if Congress can’t adjust another levy, the alternative minimum tax. “Put it all together and there is a potential $300 billion shock to the economy,” he said, and that could bring on a recession.

“I can’t imagine a time in modern history where gridlock has been more of a problem than it would be right now,” he said.
Pudfark wrote: Mon May 29, 2017 11:15 am I live in Texas....you live in America.
Wullie

Re: Gridlock in Congress

Post by Wullie »

We needed it four years ago.

$300B is chump change compared to what no gridlock has gotten us, thanks to the united Democrat socialist movement.
Pudfark

Re: Gridlock in Congress

Post by Pudfark »

Well, if the best that can be done this fall is to obstruct the bowels of the Democratic Party and stop the movement of more stupid spending.....so be it... Barry will for certain, be out on his ass....I look at it like World War II, 4 years of enormous expense, a lot of casualties...to get rid of a couple of assholes.....again, so be it.
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