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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 563.96

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Mar 21 4:00 PM EDT

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To: Wayners who wrote (42990)	1/2/2013 12:09:12 AM
From: FCom777	1 Recommendation Read Replies (1) of 209204

I'm frankly surprised that the House passed this. I figured the entire 'Cliff' was a hoax - and the master plan of both "parties" was to screw the taxpayer with massive tax hikes while being able to blame the other "party" for the impasse. Seemed like it was no coincidence that the country was split pretty close to 50/50 between the "parties". In that way, all the politicians win while the average guy on the street gets gouged. And the stupid taxpayers would have both been cheering for their 'side' - as they all get gored. I thought it was a Masterful plan - but I guess I was being too cynical. What they ought to do is consider making a structural change to the budget process itself to encourage fiscal constraint rather targeting specific cuts themselves. Rather than letting a single bill pass - all or nothing - they should open up a window of time after a budget bill's passage - say two to four weeks - where proposals to eliminate specific line items in the bill can be extracted - similar to a line item veto - but rather than give the power to the Executive Branch - leave the power in the House - and make it so that only 25 to 33 per cent of the votes -or so- are needed to approve the spending extraction proposal. A procedural change like that might be useful to eliminate a lot of the pork that always is embedded in the bill. Fat chance though - politicians LOVE their pork ... that's why they spend tens of millions to get a job that 'pays' only a couple hundred thousand. But if I was wrong about the 'hoax' theory, maybe I'm wrong about this ... is it possible that SOMEONE on Capital Hill cares about their country? Nah ... fat chance ...

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