Sunday, November 18, 2012

Let The Pain Begin

Fixing the US economy is going to be a very long and very painful process.  The politicians in Washington can talk all they want between now and the end of the year.  But just remember, the end of the year is only the end of the year.  Stepping off the "fiscal cliff" will not be THE END. Besides, it's all Bush's fault.

No really, it is.

There are two parts to this cliff we are about to step off of.  First, "Taxmageddon" will happen at the end of the year.  That's when the "Bush Tax Cuts" of 2001 and 2003 will expire.  If President Bush hadn't cut taxes to begin with we wouldn't be in this pickle at the end of the year.  Second, "Sequestration" will occur.  The Budget Control Act of 2011 requires the Defense Department to cut $487 billion over 10 years from its budget.  If President Bush hadn't got us into wars in Iraq and Afghanistan in the first place we would't be facing these drastic cuts.

Mr. Bush is long gone. Blame it on him and let the pain begin.   

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