Lack Of Spending Cuts In The President's Tax Deal

I was going to mention the lack of spending cuts in the President's tax deal, but I deferred when I came across this blog post about it.

From The Voice of Reason blog, "The Tax Deal: What Everyone Missed" by Daniel Papes:

Republicans and those in favor of lower taxes for all certainly have something to celebrate if the current tax “framework” comes to fruition. All personal interests aside, this is absolutely the right thing to do for our economy and for all of our citizens. However, House Speaker-to-be Boehner and President Obama should have added one other crucial element to this framework, and not doing so missed a golden opportunity and makes us question seriousness in Washington in both parties, especially the incoming Republicans who exercised such influence. That element is spending cuts.

Read the rest of the post here.