What they don't seem to realize is that the Tea Party would be happy to see the government in ruins.
John Boehner has simply thrown up his hands and decided that he wants to continue to be Speaker of the House more than he wants to do what's good for the country. It appears he is prepared to sit back and wait it out until the House votes to keep him in the Speaker's job. He is afraid that if he does anything at all, one faction or the other will conspire to vote him out. Shameful. But, then he has been one of the worst Speakers ever.
The national media is having a fine time, whipping up a case of mass hysteria among voters, by predicting terrible things if we go over the so-called cliff. So what, actually, will happen if there is no agreement reached? Tax rates will automatically go back to Clinton era rates. That's all. We managed back then and well manage now, if necessary.
One of the gasbags on MSNBC issued the dire warning that if we go over the fiscal cliff, recovery will occur too fast, resulting in some kind of national collapse, not unlike the bends suffered by divers when they surface too fast. Or, we'll experience the kind of brain freeze we get when we take a big bite of ice cream - Ouchouchouch! Too much, too fast. We can't handle a good economy!
I suspect that, come the first part of January, nothing much will happen. After the new Congress is sworn in, they will have a chance to fix whatever havoc is caused, if they only will. If not, the voters will have a chance to fix some Republican wagons in the next election two years hence. In the meantime, the extra revenues will certainly be welcome and will go a long way toward improving the economy.
In our government, nothing is ever done that cannot be undone. So, relax and enjoy the show.
Stay tuned.
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24 comments:
After hearing all of the dire warnings of imminent disaster should we 'go over the cliff", I find it interesting that we now are hearing a rather unified message that "aw, it won't be so bad after all" and "there is no way to avoid it now, we are going over!". I knew that it wouldn't get resolved. You are right...the tea partiers (TP's) want the government to fail. They are now acting like petulant children, stomping their little feet and pouting, while saying "no taxes on the rich, I said no!" I heard a commentator today say that they have decided that if they wait until January, they will be able to say that they voted to lower taxes when they vote to end the new, higher tax rates that go into effect when the tax cuts expire. They think it will help their voting record. I suppose it will. Those that vote for them have such short memories and little common sense. Can you tell I rant when I'm po'd?
chlost: I rant until I'm completely incoherent, as you have probably seen.
Refresh my memory. I seem to recall the Clinton years as being quite good in an economic sense. At least my savings were earning more than .09% interest. Wasn't it when the Republicans took over that everything tanked? And now they are the experts who insist they know tax breaks for the very wealthy will fix the economy? Well, surely I must be missing something.
Never heard it said better.
i have given up, sugar! i no longer understand our political system or 49% of our fellow citizens! *sigh* xoxoxox
(hope christmas was a blast for you and yours! here's to a happy new year for us all!)
It is sad that the only reprieve we had from being drowned under the cliff ....was Sandy Hook. I made the folder and deleted it and that just about made my day! I got rid of a lot of troubles in an instant.
Happy New Year, Harrison!
I read your profile, Harrison, because I was wondering if you were older than Patsy. She turns 75 in May. Who is the eldest?
Sister-Three: She's the eldest. But, not by very much. Happy New Year to you, too.
Olga: You're right. The Clinton years were very good years, economy-wise.
Savannah: I don't understand it, either.
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