It’s time to pull a Thelma and Louise with the fiscal cliff. Sometimes doing nothing is just the right thing to do. It has been hyped just as was Y2K. When the clock struck 12 on Dec 31, 1999 the world did not end. When the clock strikes 12 on Dec 31, 2012, guess what? Nothing will happen. The IRS is not going to knock on your door and ask for $2200, the military will not stop functioning, and none of the fundamental services which we use will cease to function. Keeping in mind that the billions and billions in cuts are projected over the next 10 years, beginning in 2013.
The ending of the Bush era tax cuts will just return us to positive cash flow. As Paul Krugman, Professor of Economics and International Affairs and Nobel Prize Laureate in Economics pointed out, the Bush tax cuts were one of the biggest fiscal mistakes in our history. If you just let it happen the Grover Norquists of this world become powerless. Tax pledge, down the toilet. Then Republicans and Democrats will be forced to … dare one say …COMPROMISE… Let it happen and everyone in Congress is free. Free from campaign promises, free from critique, free to actually work for the betterment of the Republic. Be sure they will in quick time, because everything that is trimmed or scaled or added or reduced is done from a “clean slate”…think of it…no one to point a bony finger at. Just honest work on trimming the budget and reasonable tax cuts and tax restructuring. It’s not “giving up” or “sacrificing” . Everyone needs to make their fare contribution, rich and poor alike.