Posts

Showing posts from December 28, 2012

Fiscal cliff, perhaps it is best to go over?

What are your thoughts on the fiscal cliff?  This has been the primary topic of conversation in the media and it focuses on whether or not the Republicans or Democrats can come together and forge a deal. We should be wary of compromises, the end result is generally beneficial for the deal makers and disappointing for the rest of us.  As George Carlin once said: "Bipartisan usually means that a larger-than-usual deception is being carried out." USNews has a very broad summary of what happens if our esteemed politicians fail to reach a grand compromise : "— Some 2 million jobless Americans may lose their federal unemployment aid. Obama wants to continue the benefits extension as part of the deal; Republicans say it's too costly. — Social Security recipients might see their checks grow more slowly. As part of a possible deal, Obama and Republican leaders want to change the way cost-of-living adjustments are calculated, which would mean smaller checks over the year