How do you eat an elephant? One bite at a time, right? Congress and the President are trying to tackle the elephant of automatic spending cuts that will go into effect on March first that total – an elephant size – 85 billion dollars.
This is the next chapter of the same mess we saw and the end of 20-12 and the effects on the economy are still being felt. Some republicans are content to let the automatic spending cuts go into effect but the marketing machine in D-C is projecting some worse case scenarios of the impact of the cost on federal jobs, services and more than anything, the military.
All of this, of course, posturing before the clock strikes eleven and the serious negotiating begins. But once again, we will most likely kick the can down the road. There will be a few bites of this elephant consumed and a few solutions passed but largely, this will end with another postponement of bigger decisions. And to make matters worse, the stock market is enjoying an incredible run affecting millions who have retirement savings tied to stocks.
It is like the market is almost daring congress and the president to try to stall economic momentum. So, we the people are caught in the middle again and our response has to be one of great frustration towards our federal elected officials and they need to listen.
So call or email your congressional representatives and insist they get a permanent agreement done. It will keep the economy moving and make for a Better East Texas.