Part Way Over the Cliff & One-Sided Compromise



12/18/12 – French economist says U.S. abandoning it’s strengths
Medved quoted the leading French economist who said that the U.S. still drives the world economic engine because of entrepreneurial spirit, the drive to innovate, and predictable taxes and regulations, but that the last few years they’ve forgotten these last 2 principles and have slowed.  They’ll revive when they return to these principles.

12/19/12 – Obama concern over gun control rather than fiscal cliff.
Why doesn’t Obama put half the apparent energy he’s been putting into the school shooting and gun control into the fiscal cliff, spending, deficit & budget, rather than half-baked ridiculous offers.  He feels great urgency for the former, but has stated that the debt/deficit is of no near term concern – he’ll just kick that can down the road.  It’s not a pet liberal issue or concern they can play on for political advantage.  It’s the spending that buys them votes and keeps them in power.  No concern for the economic health of the country, or even continuing viability of government entitlement programs.  The piper will someday be paid. 

12/20/12
Commercial debt to GDP ratio is about 350% (incl. private).  Interest $200 billion now, and will go up when rates rise from the current record lows.

12/31/12 – Obama’s one-sided “compromise” on the fiscal cliff & kicking the can
Obama complained in a press conference of not being able to work or compromise with this Congress (House of Representatives).  He’s already campaigning to blame & make them look bad to get a more favorable (Democrat) batch in 2014.  As if it doesn’t take 2 to tango – he only compromised on the tax increase (he wanted the threshold to be $250K, Republicans countered w. $1 million, the White House & Senate agreed on $400/450K for individuals/families, and an increase in highest capital gains rate to 20%), not the spending cuts which are the substantial part of a balanced budget & deficit & debt reduction.  He kicked that down the road with the sequestration deferral/postponement.  The Dems have promised spending cuts before in exchange for deals of increased revenues and debt ceilings, but have not delivered.  When will we learn?

1/1/13 – Democrat double standard & the true obstructionists
Nancy Pelosi said “hopefully the Republican House majority leader (Boehner) will at least bring the Senate/White House proposal to the floor for a vote."  As if Harry Reid hasn’t been pocketing the House bills/proposals in the Senate.  Since she & Harry are ostensibly such great scriptorians, haven’t they heard of “do unto others as you would have them do unto you?”  Turnabout would be fair play – especially when the House is constitutionally responsible for the purse and no one else seems intent on balancing budgets or debt reduction.  Nonetheless, it was voted on in the House today, once again demonstrating who really is the obstructionist, non-compromising party (Democrats), although Dems & the media will continue to paint the Republicans as such.

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