Gambling With the Nation's Future

"No government, any more than an individual, will long be respected without being truly respectable." --James Madison

Democrats' fiscal offer

 

 

 

 

Good news, America: Those who believe that our nation has "barbarians at the gates" are dead wrong. The bad news: The barbarians are already well inside the gates, running the federal government. The Barbarian-in-Chief himself recently served up this point by lamenting, "I cannot just impose my will on Congress ... even though sometimes I wish I could." Tyrants like to impose their will on legislative branches. Thank goodness this president would never really do that.
Within that context, we consider the fiscal cliff and related debt ceiling. A little history: The cliff looms not just because of expiring tax cuts, but because of a deal to raise the debt ceiling in 2011, in which certain cuts would happen automatically if Congress couldn't hammer out better details. Naturally, Congress displayed its usual inability to come up with even puny cuts, so here we are.

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