Fiscal cliff deal: It might be the best idea now, but it's not what we need
There is going to be a deal.
The worries over what is next with regard to tax cuts and budgets might soon be over as Republicans realize that, for now, they are likely going to have to do it the Democrats' way.
Truth is it is a mirage, and it is not going to solve the problem. In fact, the decision to raise taxes right now on anyone is likely to cause even more problems as employers tighten their purse strings to deal with the consequences of the tax hike and Obamacare.
It has been cited many times that the increase in taxes is not really going to do much to alleviate the debt -- not what a healthy, thriving economy would do.
So, the president will get his deal -- and he will have the show of power he seeks.
And he will keep spending.
As you watch the negotiations, remember, this will not solve any of the debt problem -- and there is nowhere else to turn for funds, especially if the spending continues at this accelerated rate.
You can't keep printing money. If you do, it's worthless.
Where do you think the government is going to look for money next?
Hold on to your pocketbook.
Published in Editorials on December 10, 2012 10:29 AM