Quote:
Originally Posted by taxwonk
The single best thing that could happen to our economy would be for Congress and the White House to let us go off the fiscal cliff.
Repeal of the Bush tax cuts is an imperative if we are serious about deficit reduction. Continuing to extend those tax breaks is going to break us. And the cuts in all spending areas would allow for a easy reduction in spending, and would allow a principled discussion about what spending needs to be in all areas.
Yes, it will be painful. But what possible better time to let the pain come than in the first years of a lame duck presidency? We need to let the Gov'mint beast die in order to recreate a new one that has focus and priorities that aren't beased on who needs to promise what to the voters to get re-elected.
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You give the American people too much credit. That failure would be packaged, sold and bought as Democrats destroying our country, and we'd be stuck with Bushes and Romneys for the foreseeable future.
TM
