Over the fiscal cliff we go
Things could change later on tonight or at some point tomorrow–I highly doubt it–but as of right now America has plunged head first off the fiscal cliff. Now that we have fallen off the fiscal cliff it is time to briefly write about the issue I have been avoiding here for as long as possible. I haven’t written any posts on the fiscal cliff negotiations until now for one main reason; I expected our leaders in Washington would take us over this fiscal cliff, and in fact this fate was sealed on November 6th.
In November we had a choice. One candidate ran on the promise of raising taxes and one candidate ran on the promise of not raising taxes, and Americans chose the candidate who promised to raise taxes with the hope that those taxes wouldn’t extend on down to themselves. When Barack Obama won reelection the deal was sealed and a tax increase was guaranteed; the only questions left were how high would taxes go up, and on whom would they go up? And did anyone really think that these same politicians who got us into this mess would all of a sudden find common ground where there is none? If you did you were fooling yourself.
The ruling class elite are now pointing fingers at each other and blaming the other guys, but it must not be forgotten that the fiscal cliff deal which now is in effect was a deal struck by politicians on both sides of the aisle in Washington when they created the unconstitutional “super committee” because they couldn’t agree on a plan in the first place. We must now all live with the tax increases because in all our infinite wisdom we are the ones who decided to reelect the same politicians which got us into this mess in the first place.
The only way there was a even a chance–however slim–we could have avoided this fiasco would have been to elect the other guy (and most of you know I am not a Mitt Romney fan) but we chose not to and now we have gotten what we deserve, and what many of us have been predicting for months. And this doesn’t even include the new taxes which will now go into effect under Obamacare this year.
Happy New Year fellow cliff divers.