SO here we are in the early part of Dec, yet we find ourselves having an annoying conversation over the Fiscal Cliff... you know, that "deal" from about 1 1/2 year ago to avoid the Debt Ceiling debacle? the one the Super Committee of Bolles-Simpson was supposed to avoid? the one the Pres and Congress have ignored Since Dec 2011? Yeah- that one, and THAT speaks to why it is so annoying.
IF you told your boss that an important "project" was due in Dec, but you talked your way out of it THEN ignored it THEN put the deadline (and thru it the 'company') in jeopardy THEN kept pointing at the employee inb the next cubicle (who is pointing at you) as being THEIR fault.. Do you think the Boss cares WHY you missed the deadline, or whose fault it is? Their concern would be "WHY are you putting the Company in danger and WHAT can we do now?".. and then immediate resolution to solve as best as possible, to move on to future business-
But in Government, we are actually talking OPENLY and EASILY about going over a Cliff/deadline that would harm our Country.
It would spark random and massive Spending Cuts.
It would prompt an Across-the-Board Tax rate increase.
It would allow Payroll taxes to go back up.
It would allow the AMT (alternative minimum tax) to impact millions.
It would allow so many bad things to be unleashed on our frail economy it is mind numbing...
YET our leaders feel that going over- is a REAL and ACCEPTABLE answer... and we CHOSE THEM!
I took my best shot on solving the tax and spending side of it (see prior posts), and at least I put something on the table.. but the elected officials struggled with this for a great length of time and haven't even had real discussions yet? WHY? and more importantly- HOW will America hold them accountable?
I sincerely wish our fearless leaders would come together and make real, substantial, fair negotiations- this would not only be good for our financial future, but HUGE in getting America back to believing in its representative system.
Think about this- WHEN was the last time you believed your leadership TRULY was dealing in good faith?
The time for that is NOW, and the time for rhetorical posturing is OVER.