American Patriot
Mayor
It looks as if we may be headed for another recession. Both sides are at impasse, no progress is being made to speak of. The reasons for this are very apparent, there are fundamental differences of opinion that will impact ultimately every American.
Obama believes that by raising taxes on the wealthy, more government spending and asking for an unlimited credit card this will solve the issue.
The GOP believes tax hikes and increased spending are not the answer, cuts in spending, tax reform and a balanced budget is the real solution.
If we go off the fiscal cliff there will be a very negative impact on our economy, millions will loose their jobs, taxes will go up significantly, and we will return to a recession. Recovery from this event will become very nearly impossible as the stock market will in all likelihood crash.
Billions of dollars will be lost, investment in this nation will likely cease.
Obama will blame the GOP and the GOP will blame Obama. If this occurs one thing is for certain, it will forever poison Obama's second and final term. As American's begin to suffer because of this event it will become far less of an issue of blame and more of an issue of real survival. The GOP will likely retaliate by blocking just about everything and anything the left attempts. This will just make the problems worse. The ability and willingness to compromise will be lost. Resentment, anger, and frustration will rule the day.
It is vital for both sides to sit down and realize neither side is going to get everything they want. They both need to compromise and come to an agreement that is best for America, not their own political agendas. Playing politics with a situation as serious as this is, makes no sense. Nobody wins, if everyone looses.
Obama believes that by raising taxes on the wealthy, more government spending and asking for an unlimited credit card this will solve the issue.
The GOP believes tax hikes and increased spending are not the answer, cuts in spending, tax reform and a balanced budget is the real solution.
If we go off the fiscal cliff there will be a very negative impact on our economy, millions will loose their jobs, taxes will go up significantly, and we will return to a recession. Recovery from this event will become very nearly impossible as the stock market will in all likelihood crash.
Billions of dollars will be lost, investment in this nation will likely cease.
Obama will blame the GOP and the GOP will blame Obama. If this occurs one thing is for certain, it will forever poison Obama's second and final term. As American's begin to suffer because of this event it will become far less of an issue of blame and more of an issue of real survival. The GOP will likely retaliate by blocking just about everything and anything the left attempts. This will just make the problems worse. The ability and willingness to compromise will be lost. Resentment, anger, and frustration will rule the day.
It is vital for both sides to sit down and realize neither side is going to get everything they want. They both need to compromise and come to an agreement that is best for America, not their own political agendas. Playing politics with a situation as serious as this is, makes no sense. Nobody wins, if everyone looses.
