So someone tonight asked me if I was going to write a column about the fiscal cliff, and I laughed. They looked at me, and I said this.
See, I don’t get why everybody is in such a panic. It’s like they think there is some monumental crisis that has arisen, and they need government to take action to avert it.
But what is this “crisis”? It’s two laws that were passed by this congress, and signed by this president. The first law was an extension of the Bush tax cuts for 2 years, followed by their termination. Tne second law was the debt limit ceiling increase, that included mandatory cuts in spending.
Two years ago, the congress and the president, acting supposedly in the best interest of the country, and surely doing what they thought was the right thing, passed and signed these two things. Now, congress and the President are running around talking about how the world will end if they don’t do something about these laws.
Well, I say it’s about time people saw what congress and the president are up to. Lets just let these laws they passed and signed work their magic. And then, lets point out that Obamacare was also passed by congress and signed by this president, and it is also a disaster. And Dodd/FRank was passed by congress and signed by this president, and it is also a disaster.
Grover Norquist can stuff it. In 2001, he pushed to pass the “Bush Tax Cuts”. He told his “pledge-signers” that they had to vote for this bill, or else. Well, that bill is the bill that makes taxes go up next month. So, if the pledge-holders do nothing, all that happens is a law that Grover Norquist supported does what it was intended to do (two years late, because congress and Obama passed a law extending it — again with Grover’s support).
If Congress tomorrow voted to permanently grant tax cuts to 98% of us, that would be a real tax cut, not a “tax increase on the rich”. It’s the 2001 bill that is increasing taxes on everybody. We can’t go back to 2001 and fix the idiocy of expiring tax cuts. And sadly, we can’t get congress to pass laws that include expiring spending.
Sounds like the beginning a fairly darn good article to me...
You realize, of course, why the Bush tax cuts expired?
A permanent tax cut would've been subjected to a Democrat filibuster in the Senate and never would've arrived on the floor. A temporary tax cut could be passed as a "budget reconciliation" measure by a bare majority -- which is all that the Republicans had at the time (50 Senators + VP Cheney).
The ‘media’ always needs a ‘crisis du jour’ to report on ad nauseum. I’ll just hope for the best..but plan for the worst. It hasn’t failed me yet.
This is how we got TARP and all the crap that came after it.
I expect we will see the BS meter pegged again in two weeks when the "solution" to the current "EOTW" is sprung on America. I would think the tax rates will be extended but what will be attached to that will be yet another horror story from the communist agenda "liberal and progressive" donks and hailed as "unprecedented and historic" by the mouthpiece media.
Right now they are just running out the clock to create the "We Must Act Now" scenario to pass something without anyone having a chance to see what it actually is.
Old, tired, monotonous, simple minded donk crap... and the insane communist agenda liberal progressives will cheer it on.