Saturday, December 01, 2012

Let's go over the cliff...

A couple weeks ago I said that the hardest job in DC was Boehner's, and I stand by it.

Obama is playing 11-dimensional chess and the GOP thinks it's checkers. They don't even know the game.

Disclosure: I don't give a damn how or even if the fiscal cliff (god how I hate that term) is resolved. My taxes are going up regardless, and I'll lose nothing from government cuts, so who cares? Cut defense by 1/3. Fine with me.

My financial adviser at Edward Jones sent me an email about the fiscal cliff (Ugh that term!)) and it shows that in the long run we may be better off if nothing is done. If the GOP wants a balanced budget and austerity, this is the way to do it. Let the Bush tax cuts expire, cut federal spending and.... voila!  

Recession now but it's short-lived and we get better GDP by 2014

The deficit hawks in the GOP should love going over the fiscal cliff

If the Republicans want to hold US workers' tax cuts hostage, there's nothing the president can do about it. At some point after January 1, Boehner and McConnell are going to realize how difficult it will be running for re-election after they've raised income taxes on everyone. The president offered to rescind the tax hikes for 98% of taxpayers, but McConnell in his infinite ignorance "laughed" at it. Psychopathic reaction.

And Boehner has yet to offer any plan. From the Guardian:

Boehner was then asked: Do you think the White House is trying to squeeze you? Boehner said he was always ready to work with the other party. But when asked what the GOP wanted to see cut from entitlements, Boehner was no more forthcoming than usual:
"You can look at our budget for the last two years, there are plenty of specific proposals."
A reporter then pointed out that even under the fabled Paul Ryan budget plan, cuts to Medicare wouldn't take affect for years, and didn't Boehner want something more quickly? Boehner did not answer.

And why on earth would President Obama, or the GOP leadership for that matter, sign onto a Ryan budget plan that was rejected by voters in the recent election? 

Check mate. 

1 comment:

antipundit said...

The solution to the 'fiscal cliff'? The 'fiscal spliff'!