CNN...Dropped the Ball again (CBS in on the act)

http://www.cnn.com/2012/12/21/politics/fiscal-cliff/index.html?hpt=hp_t3


Yea, nice try, but not so much.  The Senate is being strangely left out of the "blame game" here - as are all those who are opposing the spending cuts "end" of this.  CNN, as well as Charlie Rose's female "host" for the morning show on CBS want this to be ALL about the GOP shortcomings in this.  I am not about to say the GOP are completely without fault - and - the Senate and Obama are getting a real clear "pass" from the media on this whole Fiscal Cliff issue.  Already, as stated earlier, the Fed Govt is in "deficit spending" mode for the current fiscal year - it took......wait for it....a whopping TWO months.  So, when CNN etc., focuses on Boehner's problems with getting all House members in line with him - yea - CNN etc., is NOT getting it's facts straight or providing an accurate picture of the situation.  Yes, Repubs are struggling with the whole taxation issue - it's not an easy call for them to make.  And, anyone who has done ANY decent budget or spending analysis will recognize, that taxes are not the main issue here.  When, we are in the hole, again,  after just two months in the fiscal year - "Houston -we have a problem!"  What is not being reported - some in the House are willing to consider taxes - but - do not trust that the Senate etc., will be reasonable or responsible in passing desperately needed spending adjustments.  Budget analysts are suggesting we need somewhere in the neighborhood for 4 Trillion Dollars in savings - that is not going to be achieved by taxation...period.  Yet, no one seems to be holding the Dems feet to the fire on this, which is really a disservice to the American public.  Though, admittedly, some in the American public are enabling the problems by not being better informed of the facts and the problem as a whole.  Govt's should not be in the business of saving the public from themselves - and yet - ignorance is creating quite the complications in this circumstance.  Essentially, it would seem the average Joe will not care if they were "off" in their "outlook" until they are already suffering from the consequences.  Unfortunately, by this point, it will far too late for any quick fixes, and the pain, well, that will be around for a little while.

The more the Feds have to borrow to sustain spending levels, the faster we enter the "Greece stage" where really painful cuts are required or we go bankrupt.  By which point "welcome to the world of Austerity" measures.  This may seem ridiculously unlikely, but, if the legislative environment and process does not improve - it's not out of the question.