Congress is still talking about a “Grand Bargain” that “balances” far more spending cuts than tax increases. That is another way of saying that you – the consumer of Medicare and Medicaid services, the recipient of Social Security, and the average taxpayer — will take the brunt of the spending cuts.
Six months of negotiations ended in booing and hissing Thursday night when Minnesota’s Democratic Gov. Mark Dayton announced that his state’s government would shut down as a result of a failure to reach a compromise with Republican legislators on how to deal with the state’s $5 billion budget deficit. (more)