So What Else is New?
If you are surprised that
there is no agreement in place to avoid the “fiscal cliff” with only 11 days
left before we go over the cliff, you aren’t paying attention. Latest evidence: Yesterday’s debacle for John
Boehner and the Republicans, who couldn’t even agree to pass his Plan B, which
had the audacity to propose a tax increase for people making more than $1
million a year.
Any hope or expectation that
the 2012 election, the Newtown slaughter and plain common sense for the good of
the country would moderate obstructionism and gridlock in Washington is, not
surprisingly, a pipedream.
But here’s the bright side:
Going over the cliff is no big deal.
What will happen? Tax rates will
go back to where they were a few years ago.
Yes, that will hurt the middle class, many of whom are already
struggling. If it makes them angry, no
problem. Let’s just hope they are mad
enough to take it out on the politicians who would rather stick to their
‘principles’ than help people and put the country first.
The cliff also involves
spending less money, even on defense.
That is not a bad thing. Yes,
some worthy programs and initiatives will be hurt. But maybe we need some really unpleasant
medicine to help us get our priorities straight. If we don’t get our house in order we deserve
what we get. If we finally take steps
that are needed on both the revenue and spending side, that will be a good
thing.
Democrats need to accept
the fact that entitlements need to be modified.
Republicans need to accept the fact that taxes are needed to pay for
essential government programs. The
biggest mistake made in recent years was to ignore the Simpson-Bowles
proposals. What they suggested was not
perfect, but it was based on common sense reality and challenged the cows held
sacred on all sides. It is past time to
resurrect Simpson-Bowles.
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