There is an expression in Brazilian politics: “Tudo acaba em pizza.”
The translation is literally: “Everything ends in pizza.” It basically means that some political debates go on and on forever and never accomplish anything.
I think we have just discovered the new motto for the Democratic Party in light of the fact this nation has been without a budget for more than 1,000 days and the 60-day extension of the ill-advised raid on the Social Security Trust Fund, otherwise known as the 2-point payroll tax haircut. Even Obama points out the cut is only enough to pay for “pizza night.”
The beautiful thing about all the Democratic temporary fixes is that they handcuff the CBO, which must make projects on what the law says, not what will happen. As the IBD story today notes, the doc fix alone allows the administration to deduct $302 billion off the deficit for the next deficit because “the law” says docs will be paid 27 percent for Medicare treatment next year. The payroll tax trim is projected “by law” to end in 2012, which erases $1.37 trillion in deficit spending.
Everything ends in pizza in more ways than you ever imagined.