They didn't give citizens any false sense of hope regarding the national debt and deficit going into the 2010 elections. No legislation for continuing tax cuts in a permanent way without having the President's Commission findings first. I find that admirable. I also believe the Republicans and the Tea Party have no clue about the best options for resolving the fiscal problems of the nation. Certainly, Bernanke doesn't. Wouldn't it be such a mess if there were PERMANENT tax cuts voted in legislation before the election only to find out there are changes in the entire tax code necessary.
The Democrats should not underestimate the resolve of the nation when this topic comes to the floor. The Baby Boomers were always committed to their children's future and to that end they will see their way to make changes in meaningful ways. At least that is my assessment of my generation of Americans. "...The proposal is aimed at cutting $4 trillion from deficits over the next decade...." I sincerely believe there is much to be discussed and even more to be decided before any significant legislation can be introduced. This is a very tough economic environment to make all these changes, but, I also believe the President is sensitive to the 'impulsion' of the current economic dynamics. Regardless of who wanted to hear it, he was correct when there was a freeze put on foreclosures and he made that statement immediately and with clear resolve. The military spending has to be scaled back. It is not what the military wants to hear, but, the problem of terrorism is best addressed in 'protective and preventative' measures with strong allies that share intelligence. It is known that wars increase the clout of terrorists among their followers.