Wednesday, November 30, 2011

A Do Nothing Congress

It’s finally possible that the best thing that the United States Congress could do for the country is absolutely nothing. Given their recent track record, that would seem reasonably easy for them to accomplish. According to this story by David Gura on Marketplace, if Congress allows the Bush era tax cuts to expire next year and the automatic tax cuts resulting from the failure of the super committee to take effect in 2013, the deficit could be cut by $7 trillion over the next 10 years.

“Basically, Congress could slash the deficit by closing up shop and going home.”

Don’t hold your breath though. Just when we actually could benefit from Congress doing nothing, they’re likely to finally do something.
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