Monday, November 26, 2012

Democrats Want More Money to Throw Down the Potomac Black Hole



Do the Democrats really want to avert the fiscal cliff crises?  I don’t believe they do.  I believe they want it to happen.  For them, it’s all about politics and this past election demonstrated that a majority of the voters want a paternalistic government that panders to their needs.  A responsible government is not what the people want.  Today’s Americans don’t want to earn money the old fashioned way; they want to confiscate it.  And the Republicans are just a bump in the road on the way to the candy store.
 
Republicans would most likely bear most of the public blame if policymakers deadlock. The Pew Research Center found that 53 percent of Americans would fault GOP lawmakers if Washington fails to avert the fiscal cliff; only 29 percent would point the finger at Obama.

“This is very, very important that we hang in there to essentially get the revenue component,” said Rep. Peter Welch (D-Vt.). “I favor an agreement before Jan. 1, but I’m skeptical that our leadership may be able to reach one. If it’s necessary to wait to get a good deal, let’s do that.”
Murray declared in a speech this summer that she would push budget negotiations into 2013 if Republicans don’t cave on taxes for the rich. The fourth-ranking Senate Democrat repeated the threat in a Nov. 11 interview on “This Week.”

“If the Republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire, and we’ll start over next year,” Murray said. “And whatever we do will be a tax cut for whatever package we put together. That may be the way to get past this.”
The fiscal cliff is a $503 billion mix of tax increases and spending cuts that experts predict will shock the economy in 2013 unless Washington devises a solution to avert it before the end of the year. The cliff includes not only the Bush-era tax cuts and the automatic budget cuts known as the “sequester” but also the payroll tax cut, jobless benefits and reimbursement rates for doctors who serve Medicare patients.

Spending is our problem.  Throwing more money down the Potomac Black Hole is not the solution.  Unfortunately, we’re going to witness the demise of the republic within our lifetime.

No comments: