Tag Archives: Fiscal Cliff

Sequestration 101…

alan-simpson-erskine-bowles_gi_topAs both sides debate the fiscal cliff right to the very edge of disaster, “We the People” are poised to absorb the blow of Washington’s inexcusable dysfunction. On the one hand, you have Speaker Boehner who just realized he will indeed be held to account by members of his own party for his lack of fortitude and leadership of recent. On the other hand, President Obama enjoys main stream media neutrality, (and even their support), while he chips (spends) away at what’s left of our fragile economy. We are truly on the brink as a nation.

With the election now behind us, we can see the Obama second term taking shape. For the record, while I vehemently disagree with the President’s ideological stance, I do admire Mr. Obama for his political courage. He simply and truthfully pushed a radical and un-Constitutional agenda on a largely complacent electorate, grievously compromised by revisionism and a lack of historical appreciation for our beloved Republic. He seized on the political moment, took the ball down field and is preparing to go in for the touchdown. Sadly, the loser in this critical play-off game will be The United States of America. I have a sickening feeling about the consequences of being right on this one.

Nevertheless, I think it’s important for folks to understand the simple basics of what is about to happen, and in comparative terms to their own lives.

Most credible experts agree that if sequestration is allowed to go forward, and taxes are allowed to go up on all Americans, the economy will contract approximately 3.5 percent. Now as the U.S. economy itself is only growing at an anemic rate of under 2 percent, and the nation is carrying over $16 Trillion in debt with a real unemployment number of about 9 percent, this is critical. Let’s try and look at this as if it were an average middle class family today. Your monthly bills are around $4000.00, but you’re only bringing in about $2900.00 since your spouse was laid off, and her benefits have long expired. (You’re also on the short list to be laid off in the coming year because your employer will not be able to cover his “Obamacare” costs and penalties, and will have to downsize his workforce). You’re borrowing additional money to make up the difference and pay the interest on your credit. Your “projected income” over the next ten years will not keep up so you have to borrow even more money, expanding your debt profile by amounts you cannot account for without cutting your expenses, changing your spending habits “or” borrowing even more money. For the average family, this will eventually lead you to the point where no one will lend you any more money because they know you cannot possibly pay it back, (and you can’t simply print more). Are you following me?? You will now be forced to cut back in ways that you could never have imagined. Your quality of life will be dramatically altered as you may very well be forced into bankruptcy and your credit rating will be destroyed. You will likely lose your home and your car to foreclosure and/or repossession, and your wages may be garnished as debt collectors come for what little you have left. I know that you all are beginning to see this in the appropriate context. Now what the heck do you think it means for our country? What it means is this “cliff” is more like a black hole from which we may never return, but with one major difference for the federal government. They enjoy a luxury you and I do not, the power to tax until the well runs dry to correct the short-fall, ala France, Greece and Spain and their crippling tax rates.

Now we can debate all day about why both parties have politicized the argument in the manner they have, and many a short-sighted partisan fool will do just that. But it will not change the fact that our country’s economy is a mere shadow of what it was. And it certainly won’t change the fact that our elected officials at every level have screwed us to the point where they themselves have now thrown up their hands in utter frustration for lack of ideas or an appropriate and non-political solution.

Ya know, I remember reading the Erskine/Bowles report and listening to them talking about how their recommendations would be painful on all levels, and that was if we adopted those recommendations. The fact that President Obama and Congress have chosen to ignore them, leaves me to wonder if our economic wounds are now fatal.

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Staying focused…

121206073220_boehner20obamaAmidst the tragedy in Newtown Connecticut remains the stinging reality of our fiscal and other woes. As the nation has been fixed on the horrific events which occurred at the Sandy Hook Elementary School, lawmakers have been pounding at each other from both sides of the aisle over the impending tax hikes and cuts to services which will occur if a deal is not reached soon. While the President is determined to take our country to the doorstep of social welfare for all, and John Boehner searches for any sign of his principles, the effects of Hurricane Sandy have filtered through the employment outlook and jobless claims are creeping up again. Moreover, hiring remains sluggish at best as businesses look to the “fiscal cliff” and hold off any type of expansion hiring. And for those who think this class warfare “line in the sand” way of thinking won’t affect jobs in this country, I hope you’re paying attention. We are all in for a bad taste of reality coming soon to an economy near you.

Sadly though, “We the People” have been experiencing distraction on an unimaginable and gut wrenching level. And so as we appropriately mourn the lost and search for ways to help their families, it is much more difficult to focus on what our politicians are doing behind the “political iron curtain” that is Washington DC. For instance, the Obama Administration’s culpability in the deaths of four brave diplomats in Benghazi is quickly slipping into the depths of bureaucratic smoke and mirrors. Additionally, our President is attempting to manipulate away our voice concerning our children’s debt, by way of failing economic policy and executive privilege not granted to him under the Constitution. And even more pathetic and troubling, is the fact that I cannot remember a time when those charged with objectively bringing us the facts regardless of political or personal ideology have been so negligent in their respective duties. Plain and simple, todays media are by and large, propagandists for this President and his politics.

So as we lay to rest the beloved children of Newtown and their teachers, it is incumbent upon “We the People” to stay focused. We must reach deeper than ever before to find the courage to make the tough choices on a whole range of critical issues which will determine not just our future, but the futures of our children. I truly believe the best way we may honor those lost, is to secure this free nation for those who must carry on.

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Obama AWOL on fiscal talks…

In the face of economic challenges he himself has called the “worst since the Great Depression”,  The President of United States is “absent without leave” when it comes to addressing those challenges. His cavalier and irresponsible “I won the election” attitude, demonstrates what I have referred to all along as his “community organizer style of governing”. Regrettably, this is a time for real leadership from our President, leadership he pledged to provide and instead has now settled in for a long winters nap while planning his four million dollar holiday extravaganza.

With inflation creeping into the mix, a jobs report which proves only that the American work force is shrinking to historic lows, and a consumer spending and confidence index in the toilet this holiday season, the POTUS seems oddly cocksure and confident, predictably casting the “compromise” word to the trash heap of election year BS .

Admittedly, I have been torn between the notion of letting the country go over the fiscal cliff or allowing the president’s proposals to go forward. On the one hand, the country would suffer mightily if we go over this so called cliff, with unemployment skyrocketing and taxes reaching unprecedented levels for all tax-“payers”. On the other hand, if we allow the President’s policies to go forward, fiscal chaos and another recession are an economic reality for the nation. Doesn’t seem like much of choice now does it.

Unfortunately, this is what happens when you unleash the power of a masterfully packaged, albeit ideologically flawed plan on our Constitutional Republic. Precious time is wasted on the nuances of party politics and class warfare, as the country’s true economic engine is starved of the very fuel which makes it run: the entrepreneurial spirit, hard work and ingenuity of “We the People”.

Consequently, and as a Constitutional Conservative, I feel nothing short of bound to an old amusement park rollercoaster I don’t want to be on. As the rickety ride screams at breakneck speed toward inevitable calamity, I can see a duly elected President who readily ignores fact, truth and history, in what can only be described as a political high-jacking of our national identity, pitted against an weak-kneed opposition party, held hostage by the inability of its elected representatives to secure a principled position and stand on that position for better or worse. Hang on…

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Fiscal Fiasco…

Talks on the so-called “Fiscal Cliff” are collapsing as I knew they would. And despite the fact many Republicans appeared ready to roll over and play nice with the POTUS, it now seems pretty obvious the President wants to take a “perceived” mandate for a test drive down a one way, and John Boehner is having none of it. Notably, I seem to remember telling all of you this President was not the least bit interested in “bi-partisanship” or anything to do with real recovery. Simply put, his campaign style approach to securing his ideological intentions for our nation is right on track. And in spite of overwhelming evidence to the contrary, many of the President’s “fans” believe tax hikes on “rich folk” are going to put a chicken back in every pot.

Regrettably, I am beginning to see another of my predictions taking shape. This one however will be much more painful than anyone could have imagined. It will be this new and more dramatic economic downturn that may finally shake the Obama Presidency to its core. Who Americans will blame as a result is a question to be answered in the coming months and years. Nevertheless, Mr. Obama’s “political capital”, as it is often referred to by the pundits, may have a much shorter shelf-life in his second term.

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Reality Check 2012…

Even I thought I would have more time to check the reality of this election. Wrong… Now that the Liberal/Progressives have cemented their place within the future framework  of our country, it’s time to take stock of what that really means.

1. Moody’s has put the United States on notice that if a debt deal is not reached very soon they will downgrade our credit rating. They were also pointedly clear to the Fed, that any deal must not be a “kick the can down the road” application, but rather must contain “substantial and significant” measures, that would calm the fears of a watching world with regard to whether or not the U.S. will be a “worthy investment” moving forward. It is now painfully obvious that the simplistic and feel good “fair share” mentality, packaged and sold as the answer to our fiscal woes by this President and his supporters, will be nothing short of inadequate, and a shallow and fruitless approach to the goal of avoiding the fiscal chasm we face.

2. As anticipated, major corporations like Boeing are now preparing to cut staffing levels and work weeks, as well as substantially reduce their overhead (close area support operations), to offset the inevitable costs of “Obamacare”. The President’s signature law will, as predicted, result in skyrocketing healthcare costs to businesses large and small, and eventually diminish care for all Americans.

3. The Obama Administration, aided by a complacent and complicit main stream media, is now laying the foundation for a (major league) cover-up attempt surrounding the (bush league) handling of the Benghazi attack, which resulted in the murder of our Ambassador and three other American heroes. Moreover, the number of questions raised by the recent resignation of General David Patraeus only complicate the issue of any Administration transparency further. How this plays out over the next few months will be a significant measure as to where our nation is headed concerning the accountability of our elected officials. As of this moment, President Barack Obama’s Administration has set new and dangerous precedents along these lines, and appears to be re-writing our beloved Constitution.

As I watch all of this unfolding with lightning speed, and then add many of the pet causes of this now uninhibited ideological President, the words “elections have consequences” burn in my brain. I am also very curious to know how his supporters will react as the bottom ultimately falls away. Who will they blame? What solutions will they offer? Tax the rich some more? And what happens when they have no more to give?

For the first time in our history my fellow Americans, it is now indisputable fact that we will leave our children a lesser country than we inherited…

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy.

“Sir Winston Churchill” 1874-1965

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