Tuesday, November 27, 2012
Fiscal Cliff
There's been so many news about the "incoming fiscal cliff" that it's been so redundant. They are stating that homeowners will get increased taxes, and that they are going through a crisis. This is not new but it sounds like it's the end of the world. Now, the GOP has been debating whether to break their promise of not increasing taxes, but the new talk of being bipartisan has obstructed with the negotiations. The left doesn't want to overhael entitlements, and the right doesn't want to increase taxes, so now we are stagnant in the middle.
The whole fiscal cliff debate is actually very important because if we don't do anything about it, we will be heading towards the direction Europe is in, especially Greece. The fact that nobody is dealing with the tough issues, and setting them aside will eventually lead to the issue catching up with us. Then, that's when the real trouble will begin.
I personally belive that the whole "being bipartisan" bandwagon is not really helpful. This country functions on having different interests that compete against each other- creating a "friendly" political atmosphere is unrealistic and defies what this country was built upon.
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