Wednesday, December 5, 2012

Step Back from the Fiscal Cliff

House Speaker John Boehner
Did we have an election on November 6?

I mean, I could have sworn that voters went to the polls on that day and by-and-large rejected the Republican Party's view of government of the rich, by the rich, and for the rich.  Hmm...sure couldn't tell it now here a month later.

U.S. House Speaker John Boehner continues to obstruct President Barack Obama's solution or progress along with meaningful negotiations to avert the so called "fiscal cliff" we are all about to drive off of with the U.S. Government.

Both sides have their plans, and, so far, their sticking to them.  The Republican plan tries to balance the budget with spending cuts and ending deductions.  The Obama plan would add spending cuts and raise the tax rate of the highest two percent of income earners or those that make $250,000.  The GOP says this plan will kill jobs.  Dems counter that the rate raises only go up to what was law under Bill Clinton's Administration when the U.S. settled in for fiscal growth and a booming economy.

President Obama won the election on November 6 by campaigning on tax reform and spending cuts.  Romney campaigned on much of what is in Boehner's plan.  Thus, it's reasonable to say that Boehner's plan was vetted by the voters and not popular.

Obama has put together this great video as a closing argument on why the President's plan addresses the fiscal cliff in a manner palatable to the majority of Americans.

In the meantime, John Boehner is simply trying to hold his caucus together before his new caucus is even sworn in.  Should be an interesting time for Speaker Boehner.

1 comment:

Paul K. Ogden said...

The 2012 election was about as status quo election as an election can be. We're just getting now what the voters voted on on November 6th. Okay, technically not until 1/1/2013.