Obama Care will give them plenty to do creating cradle to grave regulations for eternity.
yitbos
“Eternity” won’t last long
Yes. Where would the money come from for the further nationalizing of medicine? On the fiscal cliff,...
IMO, most politically active folks are afraid of the $800 billion in spending cuts that should be happening next year and not so afraid of the $370 billion per year in scheduled tax hikes (expirations of both payroll tax cuts and other tax cuts roughly figured for about one year). Obama wants only the part of the tax cuts for the “rich” to expire (only $40 billion per year in revenues/debt, if those wealthy taxpayers don’t tighten up).
$800 billion in spending cuts would put a dent in the yearly deficit. $40 billion (or even $370 billion) in tax hikes would not, and would, of course, motivate at least some to further slow liquidity of recirculating debt (our agricultural and service “industry” economy, with government income recipients as majority customers).
I doubt that favored constituents or their Democrats and Republicans in Congress will want to go through with all of those spending cuts. The debt regime economic decline will continue, IMO. If it continues smoothly enough, we have time to be frugal, save and learn a few skills to get through poorer years.
The more severe “austerity measures” will happen, eventually. I wish that they would be done with only the needed spending cuts against useless offices and without the antithetical tax hikes, but they probably won’t.
Maybe not so much “change” ahead. As for “hope,” that’s too personal for politics, IMO. But then those romanticist socio-political tools (yet preferred as employees) who helped to break so many families were saying in their liberal arts, psych., soc. and other programs, “The personal is political.” Not me.
In some ways, we’ve been going down this road for 44 years. I wasn’t in Uncle Ho’s young American brothel over here, either. Members of that cheerleading section were too highbrow and stylish for sons of tradesmen.
Oops—left out the other, temporary payroll tax cuts: hair over a $100 billion for one year. Still, along with the other tax hikes, not a dent in the deficit, and probably deleterious. The spending cuts, though, those would have an effect, if they were all done—probably an effect of about 2/3 to 3/4 of the yearly deficit. But, of course, there’d be all of the previous debt owed. [Laughter]