Tuesday, January 8, 2013

Fiscal cliff

It sounds like a broken record. Kick the can back a couple of months. The 'deal' reached in the early hours of the new year puts off the massive cuts for about two months so our political leaders can come up with something else. The timing here is important because this is about how much time we have to stall a vote on raising the debt limit. Again. We reached the limit already, but by accounting methods, out political leaders can hold off the vote for about 6 to 8 weeks.

Another political fight looms in just two months. Our economy is in constant 'crisis' as our political leaders can't seem to get a grip on how to solve these issues. Well, actually one side does know how to do it, but enough Americans (Like Greeks) don't want do it, so the fighting goes on. The problem is that the end is in sight now. These 'crisis' can't keep coming up every month to so. By natural selection, the very idea of 'crisis' should be only every once in a while. Financial 'crisis' (Like depressions) used to crop up every few decades or even a little more often. Now we are seeing them every month or so. A REAL solution with real CHANGE is needed, but it is obvious that this is not happening. Otherwise, we would see this financial 'crisis' go away for at least for a decade or two.     

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