6 Fixes for the Fiscal Cliff

President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away.

The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to raise the debt limit—so that all this spending could continue.

Senate Minority Leader Mitch McConnell (R-KY) couldn’t contain his laughter at these suggestions.

One congressional aide said the offer “amounts to little more than reiterating the President’s budget request—which failed to get a single vote in the House or Senate.

Perhaps House Republicans could simply bring President Obama’s latest proposal up for another vote to see if anything has changed.

The “fiscal cliff” is man-made. Congress—primarily the liberal-led Senate—and the President built it themselves through their legislative decisions over the past four years, and then they turned away and tried not to look at it until after the election.

Elected officials in Washington keep enacting short-term patches to keep the government running, which is not a real solution. We need to reform the programs that are causing the runaway spending and deficits today and in the years to come—the large, lumbering entitlement programs of Social Security, Medicare, and Medicaid.

Read more.

This entry was posted in Fiscal Responsibility, Politics and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

Connect with Facebook