Two Cheers for Going Over The Fiscal Cliff

I favor going over the fiscal cliff.  No more talks with President Obama.

On November 6, 2012, the American people voted for bigger government over smaller government.

It’s about time the American people (including the Middle Class) start paying for the government benefits they are demanding.

Going over the fiscal cliff means we start making that happen.

Today, the federal government is borrowing 42 cents of every dollar it’s spending. We now have a $16.4 TRILLION national debt.

Obama’s own budgets propose adding a $1 TRILLION+ to the national debt every year for as far as the eye can see.

This means the American people are enjoying lots of benefits from government without paying for them. We are passing the bill onto future generations.

That’s not fair. And it’s immoral.

Assuming there’s no fiscal cliff deal (I hope there isn’t) the tax bill for the median family or household will increase by about $3,500 in 2013.

Some mandatory spending cuts also kick in. I’m all for that.

Now, if it were up to me, I’d cut the entire federal budget by about two-thirds.

That’s about what it would take to scale our federal government back down to Constitutional size. But that’s not what the American people are voting for.

The American people want more from the government. So it’s time they start paying for it.

When you really think about it, the fiscal cliff IS the compromise.

Obama wants no spending cuts, only tax increases.

People like me want all spending cuts, no tax increases.  In fact, I want tax cuts plus spending cuts, while Obama wants more spending and more taxes.

So there’s no possibility of any meeting of the minds in further discussions with Obama.

We just have a very different (polar opposite) philosophy of that the proper role of government is.

With the fiscal cliff, we get some tax increases and we get some real spending cuts. We begin the process of bringing the federal budget back into balance.

So that’s the compromise. It’s the compromise Barack Obama, John Boehner, and Harry Reid all agreed to in 2011.

It’s the compromise both chambers of Congress voted for. So let’s stick with that.

Even at this rate (of fiscal cliff-scale spending cuts and tax increases) it will take decades before we actually start paying down the national debt. But at least we’ll be heading in that direction.

But something eles may happen when we go over the fiscal cliff – something good.

Once the median family’s tax bill goes up $3,500 in 2013, more voters will start to wonder if all this government they are asking for is really worth it. As long as they can push the bill for all this government onto future generations (who have no vote), it’s fun to accept all these goodies from the government . . . because they seem free.

I’d love to have a credit card that allowed me to spend as much as I want, and have someone else in the future pay for all my spending. What a gas that would be!

That’s exactly what Congress and President Obama are doing.

At least the fiscal cliff imposes some discipline — on both Washington and the American people. Not much, but some.

Will we double-dip back into another recession if we go over the fiscal cliff?

Yup. Probably. Almost certainly . . . because the government’s credit card spending will be curbed.

When you hit your credit card limit and you’ve been living off your credit cards, your lifestyle is going to take a hit.

That’s what will happen if we go over the fiscal cliff and don’t raise the federal debt limit.

It’s tough medicine. But it is medicine. It’s ultimately good for us to live within our means. But that can be hard.

The endess deficit spending without consequences must end.

It will end eventually. The question is: When?

Will the spending end when the economy completely collapses, like a house of cards, under the weight of debt?

Or will some fiscal discipline start now — when we still have a country we can save?

I vote for starting now — which is why I hope we go over the fiscal cliff.

I vote for going over the fiscal cliff because it’s immoral to pass the bill for all these government benefits onto my children and grandchildren. It’s time to pay the Piper.

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