Wake me up when the fiscal cliff negotiations are over
You may have noticed that I haven’t bothered to blog about the fiscal cliff negotiations and I have no intention to after I am through with this post. Frankly, I am tired of what seems to be the constant debate over the debt ceiling and the budget. It seems like every few months the Congress and the president are taking these issues up again and I am tired of writing about it so I will focus on other issues. Both parties were afraid to make tough decisions before the election and that is why we are in this position once again.
During the last debate over the debt ceiling the Congress set up was was called either a super committee or a super Congress depending on who you listened to and this was designed to trigger automatic spending cuts and tax increases which were supposed to be offensive to both parties thereby forcing the Congress to come to a deal. Predictably this didn’t happen and now we are set to fall off the fiscal cliff that the two parties created. But in reality this super committee accomplished its goal because what the Congress really wanted was a delay in the negotiations until after the election so the lame duck Congress could tackle the issue without political fallout during the election. And that is where we are today.
Both presidential candidates talked about what their plans were for the fiscal cliff–Barack Obama stated he wanted to raise taxes on the rich while Mitt Romney stated he wanted to keep the tax rates the same while closing loopholes. The American people made their choice and they decided that taxes should be increased on the rich. One thing is certain at this point, taxes are going to be raised. We just don’t know how much or who will be affected at this time. So now the Congress is trying to negotiate its way out of a situation it created in the first place and part of me says the Congress should live with the deal it created while the other part of me says the Congress should try to negotiate a less painful solution.
Let the chips fall where they may and we will all live with the results for better or for worse; while the Congress might be inept we are the ones who are ultimately responsible because we elected these people and we will have no choice but to move forward when they are through. As for me, wake me up when the fiscal cliff negotiations are over, I have no desire to involve myself in the minutia of the debates or the rhetoric coming from either side. I find myself worn out on this issue and perhaps that is what they wanted all along.