Reality is going to set in
I'm for the budget hawks, actually. I think in the long run that trust is the most important factor in our system, and when debts get so big that they can't realistically be repaid, that eats away badly at trust. That is why the stock market took hits recently because of the debts that much smaller countries like Greece have accumulated.
But we need to get real about the worldwide debt. It probably never will be repaid. That means readjusting the currencies, which means more hardship for those peoples with less, like me. People that pay their bills on time, like me, don't like the concept of running huge debts that you only pay a tiny percent off each month while you accumulate more. That's the kind of debt that has helped to get us in financial problems.
To that extent, I'm with the Tea Partiers. But if they think that they can just slap an equal bill on everyone, regardless of people's actual ability to pay in light of their expenses, then that isn't going to solve anything. So the news today that Obama was going to compromise with the republicans and let the richest americans keep their Bush tax cuts for awhile longer, although not surprising, is disappointing. But the disappointment has to mostly be placed with the american people, because they set the tone for it.
The mainstream media has really been pushing back against repealing the tax cuts for the richest americans. And I guess that is logical, because the media is ultimately owned by rich people who don't want to pay more taxes. But if we are going to cut the budget, actual things are going to have to be cut. That's when reality will set in big time for the republicans.