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In this Discussion
- olorin January 17
Fiscal Cliff
With the world making it past 12/21/12 attention turns to the pending "Fiscal Cliff". If nothing is done everyone sees tax increases next year. The President has claimed that he wants a deal. House Republicans via John Boehner say they want a deal. But how do you deal with someone who is disingenious from the start. I don't think it's far off to say that the President doesn't want a deal. If we go over the cliff it does him favors automatically without getting blood on his hands and, by and large, the media and left will blame the Republicans. Some examples of why I think this:
Obama has often claimed that the tax rates under Clinton were preferable, more fair, and credits them with the economic success of that era. Granted he ignores that the GOP controlled the Senate for 6 of those 8-years, just like the Democrats have controlled all of congress for 6 of the last 8-years but I digress. Returning to the pre-Bush Era Tax RATES (calling them cuts when you're maintaining the status quoe is just a euphemism) returns the country to a closer tax policy than we had under Clinton than we have now.
Obama has stated that he wants tax increases now on a select few while kicking the can down the road regarding any entitlement or spending reforms. We've seen this before. The tax gets collected now but the cuts never happen. We've seen this shell game before, just ask Ronald Regan and George H.W. Bush.
Obama wants to eliminate the need to seek approval from Congress to raise the debt lmit ceiling. This is a dangerous power grab and, if implemented, eliminated an important check in our Checks and Balances system by giving the President, even those AFTER Obama, a blank check to spend as much as they want. There needs to be accountability and oversight and this is one that I cannot support, even if it were a conservative proposing it.
Finally Obama sees this as a political opportunity to divide the right in Congress. I have never been a Boehner fan but he's been adequite. He's getting played now worse than Gingrich did during the Government Shut Down during Clinton. Boehner has layed his head down on the chopping block many times and Obama simply hasn't swung the ax yet. Some of the concessions Boehner has offered when there has been no indication of movement on the other side has been sad. He's being taken as a fool and played the part of a patsy. Do I want to see taxes go up on January 1st? No way. However I don't see how simply raising taxes is going to solve the projected $1,000,0000,000,000 deficit spending each year for the next 10-years.
America doesn't have a problem of not taxing enough. We have a problem with spending ourselves into oblivion.
Obama has often claimed that the tax rates under Clinton were preferable, more fair, and credits them with the economic success of that era. Granted he ignores that the GOP controlled the Senate for 6 of those 8-years, just like the Democrats have controlled all of congress for 6 of the last 8-years but I digress. Returning to the pre-Bush Era Tax RATES (calling them cuts when you're maintaining the status quoe is just a euphemism) returns the country to a closer tax policy than we had under Clinton than we have now.
Obama has stated that he wants tax increases now on a select few while kicking the can down the road regarding any entitlement or spending reforms. We've seen this before. The tax gets collected now but the cuts never happen. We've seen this shell game before, just ask Ronald Regan and George H.W. Bush.
Obama wants to eliminate the need to seek approval from Congress to raise the debt lmit ceiling. This is a dangerous power grab and, if implemented, eliminated an important check in our Checks and Balances system by giving the President, even those AFTER Obama, a blank check to spend as much as they want. There needs to be accountability and oversight and this is one that I cannot support, even if it were a conservative proposing it.
Finally Obama sees this as a political opportunity to divide the right in Congress. I have never been a Boehner fan but he's been adequite. He's getting played now worse than Gingrich did during the Government Shut Down during Clinton. Boehner has layed his head down on the chopping block many times and Obama simply hasn't swung the ax yet. Some of the concessions Boehner has offered when there has been no indication of movement on the other side has been sad. He's being taken as a fool and played the part of a patsy. Do I want to see taxes go up on January 1st? No way. However I don't see how simply raising taxes is going to solve the projected $1,000,0000,000,000 deficit spending each year for the next 10-years.
America doesn't have a problem of not taxing enough. We have a problem with spending ourselves into oblivion.
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