Doesnt Channel The Structures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Let s bring in the panel. steve hayes, senior writer for weekly standard. a.b. stoddard associate editor of the hill. syndicated columnist, charles krauthammer. steve, look at the numbers and you can see what elmendorf said today and put it in political perspective. it s scary. it s a virtual certainty that nothing will be done about this before the election. everybody is operating as if nothing will be done because it doesn t make sense politically for either party to do this. the problem with the fiscal cliff among others including the fact it would end us in recession as suggested, mainly cut in discretionary spending and mainly to defense. it may have a short-term impact on the budget trajectory but it doesn t solve the long-term fiscal problems. it does nothing on entitlement. it really doesn t channel the structures of the entitlement driving the national debt. it s a short-term hit we d ....

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