Calling President Obama and Speaker Boehner for safety net. If Lame Duck doesn't break fall; after crash, dial 1-80O-bam-acare or an estate tax lawyer.
America went over the fiscal cliff years ago
I've never bungee jumped or sky dived. Heck, since that candy apple leapt out of me at age 12 on the downswing of the roller-coaster at the Piedmont Interstate Fair, I've settled for such thrills on the Travel Channel; but I hear that many Democrats experienced the euphoric weightlessness of space when casting their recent vote for four more years. I hear its akin to the feeling of security a lobster feels while lying in a temporarily lukewarm pot of water on the kitchen stove while guests in the parlor await the main course.
Many Republican voters thought the American lobster, that had lain in the warmth of Bush-Pelosi-Reid deficits, would suddenly arouse with hopes of survival after being doused with Obama's scalding hot and stimulating Obamacare waters, tripled deficits and doubled gasoline prices. Instead, while many John McCain voters indulged a tea party and helped fire Pelosi; class envy or despair trumped too many of their old American dreams as they sat on their butts rather than take a chance that Mitt Romney would return America to the pre-Obama nirvana that was Clinton-Gingrich work requirements for welfare.
It seems now that many Obama-Biden voters that voted to re-hire those that couldn't fix the mess left by President George W. Bush in "only" four years (I hear mother Barbara performed the job thousands of times in less than four minutes, but I digress), somehow think that "it" can be fixed in just four more weeks by a Lame Duck Republican House if only it would heed the "obvious mandate" from the American people and reinstate some of those same Bush tax cuts (aka Taxmageddon) etc:
1. The payroll tax reduction passed in 2010 will end.
2. The temporary tax rates passed under President Bush will lapse.
3. Obamacare’s taxes will come due.
4. The Alternative Minimum Tax will expand to many more taxpayers.
5. Extended unemployment benefits will expire.
6. Some $78 billion in federal spending will be sequestered.
7. Medicare “doc fix” will expire.
Of course, the only things that compromises, between those that favor diametrically opposed prescriptions, accomplish are half-baked non-solutions for the real problems and campaign ad fillers claiming that words on paper solved the problem. And if the problem persists, they can sign another bill and shake hands before a fawning bi-partisan group of the Ruling Class of Democrats and Republicans.
Meanwhile, back in the real world, the $4 Trillion of debt run up the last four years is the side of the cliff you see when you open your eyes after the Hope & Change II party is over. That rushing sound you hear are the jobs being eliminated or reduced to part-time by pending Obamacare rules. The ground you see rushing up to meet you is Greece and the cost of the cab ride for survivors back to the Shining City on the Hill must cover $4/gallon, minimum, gasoline and your $250K share of the debt owed to China or Ben Bernanke.
President Obama, Speaker Boehner, Majority Leader Reid and all 533 of the remaining members of Congress could pass, alternatively, either all of Obama's tax-the-rich Christmas wish list or Paul Ryan's supposedly draconian Medicare voucher dreams, and it still wouldn't save the Coyote another trip to ACME.
Natural Law cannot be repealed.
Nothing Obama and Boehner can agree to can prevent a double dip recession or worse, what passes for "recovery" in the Age of Obama. For instance:
The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday. “I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”
Oh yeah, corporate profits. Those evil things that corporations (built by welfare recipients paying taxes for roads and bridges) make and that pay for all Democrat dreams, but that they hate so much that they tore them down, holds Obama's fate; and not some kumbaya deal with Mitch McConnell.
But wait, Obama was just re-hired, never has to face the voters again, already has Obamacare and the EPA in place to transform America; and has a pension that even Greece II can't threaten. But that can threaten the welfare dream futures of those butts that loathed Romney more than McCain or Obama in Ohio, Virginia, and Colorado.
“One man with courage makes a majority.” – Andrew Jackson
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Co-Founder and Editor - Political Daily
Atlanta Law & Politics columnist – Examiner.com