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Just curious, why do you think it would take a little longer to go bankrupt with Obama? I'd tend to think the other way, given Obama's spending habits and the difficulty of getting new taxes approved.
The way things are, I don't expect any cuts or increases in taxes, other than how the on-going Bush tax cuts get extended or not, which is anyone's guess. So, to me the revenue side doesn't change dramatically either way, though Obama could sneak through some tax/penalty increases in some way so there might be a little more revenue with him in office. But, on the spending side, I expect Romney to be at least not quite as bad as Obama at overspending, so on net, I'd give Romney a bit of an edge, though with either one I expect our nation's financial standing to continue deteriorating at a frightening pace. I just see it deteriorating a little quicker with Obama than Romney. But, I don't expect either to subtantively deal with the issues that should be dealt with.
But even a deal will likely be of dubious value for addressing the runaway train of federal spending, as it'll likely push harder cuts/choices well out into the future in typical fed fashion.
When is the last possible date to have a deal done? Because I don't expect anybody to even begin seriously negotiating until about 72 hours before that.
So you like the Democrats mode of political discourse?
I think the revenue side increases significantly, not because of any particular policy, but simply because of regression as we climb out of the recession trough.
Does that mean you love the Dems political discourse? ooh, ooh Mitt is rich, therefore he's a scumbag. he knows the Koch brothers, what a pig, etc etc.
Without discussing the merits of that graph, which I have some concerns with, you yourself say it would naturally move as shown in the graph, not as a result of any policy. So, on that basis, it would roughly move like that under either Romney or Obama, as you've laid this out. So, you agree with me.I think the revenue side increases significantly, not because of any particular policy, but simply because of regression as we climb out of the recession trough.
Running a straight trend line through that graph, including the dip, looks like revenue is "artificially" depressed by about $.6T.
