Sunday, December 23, 2012
The Coming Fall
So what happens if America slides off the edge of the fiscal cliff? Taxes rise for virtually everyone, defense appropriations are greatly reduced, and the Republican Party will be brushed with the blame for it. Our credit rating as a nation will also be downgraded. In any event, I can discern no positive in case our political class can not manufacture a compromise. I do not lay the responsibility on the GOP though but on the Democrat and Harry Reid-led US Senate that has failed to produce a budget in the first four years of the Obama Presidency, abdicating their Constitutional obligation to do so and leaving our nation running under continuing resolutions, and on the President Barack Hussein Obama who wants to use the push across the fiscal precipice to once again smear Republicans as inflexible and obstructionist.
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