"Fiscal cliff" refers to a host of different federal budget cuts and tax increases that are all scheduled to take effect at the start of 2013. These looming budget cuts and tax increases are referred to as a "cliff" because, if they all actually took effect in 2013, it would be a major setback for our weak economy.Even with this definition I come out a bit hazy on what exactly is going on and after reading the multiple articles I have in regards to this particular topic, it seems to me that the political world in general isa bit " hazy." Are they proposing these solutions based on what they believe to help the United States as a whole, or just their self? It seems we are kind of have ourselves a "chicken fight" on our hands. Who will back down first? Will it be the Democrats or the Republicans? This is not the time for a political showdown!
I do believe the only quote that I have seen to be remotely clear and level headed is from Amy Brundage, a White House spokeswoman, within the article G.O.P Balks at White House Plan on Fiscal Crisis by Jonathan Weisman:
Right now, the only thing preventing us from reaching a deal that averts the fiscal cliff and avoids a tax hike on 98 percent of Americans is the refusal of Congressional Republicans to ask the very wealthiest individuals to pay higher tax rates. The president has already signed into law over $1 trillion in spending cuts and we remain willing to do tough things to compromise, and it’s time for Republicans in Washington to join the chorus of other voices — from the business community to middle-class Americans across the country — who support a balanced approach that asks more from the wealthiest Americans.Shouldn't the real reason behind all propositions brought to the table be for the betterment of our country overall? If I am reading this article correctly, are we arguing on whether the rich should pay higher taxes or not? On whether the top 2% of our country that make several times the average citizen (which remember is considered to be around $50,000 a year) actually be in a higher tax bracket? Perhaps it's just me or maybe I'm not getting the entire picture here, but I don't really think that is unreasonable.
Are people really that stingy?
Hah! I forgot that this world is full of Mr. Scrooges!
Anyways...While I'm not a huge fan of Obama or any one in a political office at this point in time, I do believe President Obama's proposition for resolving or at least lessening the damage of the fiscal cliff is better than the alternatives that have been brought to the table. And Mr. President, if it's any consolation, which I'm sure it's not, when I make enough money to be within the top 2% wealthiest of our country, you can higher my taxes.