CBS News: Bill Plant: 'Federal Budget Faces Severe Sequestration Cuts'

Source:CBS News talking to White House Chief of Staff Denis McDonough on Face The Nation.

"As the deadline for reaching a compromise on spending cuts approaches, both Democrats and Republicans continue to point fingers. Bill Plante reports on the severe consequences the federal budget may face.' 

From CBS News

If the U.S. Government, at least in Washington, was forced to lie in the real world, instead of their made up political fantasy world, there would be an easy solution and compromise here: 

Republicans get some entitlement reform as it has to do with Medicare and how it pays for health care, and perhaps raising the age of eligibility of Social Security for wealthy, white-collar workers. And Democrats would get cuts to corporate subsidies having to do with private jets and other corporate welfare. 

But the problem, is the U.S. Government doesn't live or operate in the real world in Washington. They just come down for a visit every now and then, where there's a crisis. Both parties are just listening to their bases. 

Tea Party Republicans are basically saying you can balance the budget by eliminating most if not all regulations, as well as taxes involving corporate America, and gutting Food Assistance, Public Housing, Food and Drug Safety, that sort of thing. 

Democrats don't really want to cut anything, other than perhaps defense and really just want to raise taxes and on the wealthy and corporations. But not to reduce the deficit. But to spend that money on more government social programs.