Not being an economist I am not sure what will happen, but even many republicans, including many Govenor’s, have said it will cost jobs and hurt the economy. Sandevol, Walker, Scott, Jindal, Kaisich, and others have expressed problems with the upcoming cuts and have stated it will hurt their individual state economies. So I will lean towards there opinions since it seems almost unanimous. With that being said as far as passing blame? Realistically both sides are culpable. It was a bi-partisan screw up. You know it I know it. Trying to win the PR battle is a pipe dream. Polling shows republicans are down some 15-20 points on the issue. Is the mainstream media driving the narrative? Well of course but complaining about that does not fix the problem. The country club republicans are complaining because defense contractors are going to be hurt. Should teachers, fireman and other essential services get cut small business takes a hit. Cuts need to happen but with a scalpel not a meat clever or the patient dies. Passing blame? I just not only believe republicans lose on the issue in looking at current polling but in the end there is enough blame for this to go around which is closer to the truth anyway. So what is a good compromise? 3-1? 5-1? 10-1? Or are we at the point no tax loopholes closed so no revenue allowed? If that is the case let it happen because that is what is best for the country? Most do not seem to believe that. I do not have the answers but I can spot the slow train wreck approaching.
So everybody should just grow up and come up with a reasonable compromise and stop all the bickering. I guess we all feel that way a lot of the time, but wishing the world were like that does not make it be that way. Even when the end result IS a reasonable compromise, maybe the fiscal cliff compromise was something you liked, it’s still always a brutal slog to get there. We don’t reach the real brink on this sequester story until the 27th of this month, so until then be ready to be annoyed.