Let's start with this nice little chart. Look at the down arrows since Bush took office, and look at how big those down arrows are. And notice how many of these fuckers voted consistently for every goddamned one of those tax cuts during two wars.
Now read what the conservative Economist has to say about this crisis.
The sticking-point is not on the spending side. It is because the vast majority of Republicans, driven on by the wilder-eyed members of their party and the cacophony of conservative media, are clinging to the position that not a single cent of deficit reduction must come from a higher tax take. This is economically illiterate and disgracefully cynical.
Now read what the intellectually dishonest and seemingly endlessly stupid Republicans have to say about the negotiations. Meanwhile, Obama has actually floated over 3 trillion dollars in cuts, in exchange for minor increases in revenue that only close loopholes, they don't even raise marginal rates. And Obama, damn it, is actually floating raising the retirement age for Medicare--Jesus Fucking Christ--while Republicans refuse to even close one goddamned loophole.
These people are nuts. There is nothing worse than ignorant people who believe that compromise is evil, and Republicans have given us a whole fucking caucus of them. I hope you all enjoy their "fiscal responsibility" when our economy slides back into recession.
What fucking morons.