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Bud's Beat

By: Bud Pisarek, Loomis News Correspondent
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Thanksgiving is history and we find ourselves between holidays. From gobbling the gobbler to making ready for a lame-duck session of Congress. Isn’t life wonderful? The recent elections put our beloved lawmakers in a situation they haven’t experienced since 1980. Prior to that, it was the 1950 Congress that found itself a “wounded’ body. All eyes will be on this year’s Congress because of the many controversial items that have to be dealt with. There is the “Don’t ask, don’t tell” military issue. There is the matter of tax cuts for the rich. And the nuclear arms treaty with Russia has to be addressed. So much to do, and so little little. The incoming majority party would rather all of these items be held over until next year when they will have more clout. Both political sides agree that something has to be done to reduce the national deficit. Trouble is, they disagree on how that should be achieved. The Obama administration maintains that there is no reason the top one percent should continue to receive what is refered to as the Bush tax cuts. It is estimated a two-year extension would cost the Treasury $139 billion. Conservatives, called supply siders, insist that unless the cuts are extended, those top earners will stop working and thus hurt the economy. Others say the “trickle-down” theory has not worked in the past 10 years that the tax cuts have been in existence. Past administrations have renigged on their responsibility to rid the military of the ‘Don’t ask, don’t tell” code for gays and lesbians serving their country. The nuclear arms treaty with Russia has been working well and needs an update. All past secretaries of state and presidents have signed on to the idea and it should be approved by this Congress. All of these items make for the most eventful lame-duck session in our history. Will there be any goodies in President Obama’s Christmas stocking?