Updated: January 5, 2013 6:18AM
Republicans not helping the nation from ‘going over the cliff’
Where we are now (as of Dec. 1) is:
President Obama ran primarily on his contention that we need more revenue.
The Republicans ran primarily on the idea that “we have a spending problem, not a revenues problem.”
President Obama won and has now laid out his entire revenue enhancement plan, a modest part of which comes from higher taxes on the “rich” part of the income of the rich — income above $250,000, and has asked the Republicans to lay out their spending reduction plan.
The Republicans refuse to lay out their solution to the “spending problem” and, in fact, plan to say nothing at all on the subject.
If we “go over the cliff,” whose fault will it be?
Alfred Y. Kirkland Jr.
Will our elected leaders allow this country to go over ‘fiscal cliff’?
The so-called “fiscal cliff” is looming; going over it may mean putting our economy back into recession.
President Obama has met with House and Senate leaders to work out a budget that could avert it. The deficit can only be reduced or eliminated by more revenue and/or less spending. President Obama insists there can be no agreement without raising taxes on the very wealthy. The Republicans, now represented by House Speaker John Boehner, firmly state that government spending must be cut.
The rigid position of both sides illustrates that neither seems to understand how to bargain with some give and some take. Neither side is willing to offer much of what the other thinks is most important!
The president is “offering” $1.6 trillion in tax increases on the top earners over a decade while adding hundreds of millions of dollars in spending to aid the jobless, hard-pressed homeowners and possibly extend the Bush tax cuts for those earning less than $250,000 per year. This is actually not a offer a all, since it is counter to the Republican stance rather than giving them some of what they want most: spending cuts. The Republicans’ offer is little more reasonable; Boehner hints they might agree to paying more taxes by closing loopholes and eliminating some deductions that the wealthy use.
Both sides are playing their politics with the future of our economy, as we all wait for the fiscal cliff — following automatic tax increases and spending cuts on Jan. 1 — to throw us back into recession.
I am disgusted that our elected leaders will not rise above their special interests for the good of our country.
Donald B. Abbs