ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The looming "fiscal cliff:" Will Obama cave again?

Updated on November 13, 2012


As the nation stands on the brink of what economists and pundits are calling the “fiscal cliff,” House Speaker John Boehner appears on national television wrapped in the same old mantra: “Raising tax is unacceptable… If you’re increasing taxes on small-business people, it’s the wrong approach,” and President Obama warns that he will not sign a bill that does not make millionaires, like him, “pay a little more.”

Boehner and the Republican Party seem to want the president to agree to the plan Gov. Mitt Romney campaigned on and lost: Keep the Bush-tax cuts in place but close loopholes for the rich. Former President Clinton and many others have said the “arithmetic” in this plan does not add up. It seems strange that the GOP has lost Romney and now is trying to recruit President Obama to carry out Romney’s plan. Why would Boehner think the president will accept a plan that, among other things, led to Romney’s defeat? Is it because he caved on this issue in the debt-ceiling debate? Perhaps so. He thinks the fiscal cliff is so scary that Obama will cave in order to avert it.

The fiscal cliff has reference to a bill that was passed in congress in the summer of 2011 that mandated the formation of a so called “super committee” to come up with a proposal to cut the deficit by $1.2 trillion over 10 years and that if the committee failed, automatic cuts would go into effect on January 1, 2013. If the committee fail, automatic reductions in spending and increases in taxes would be implemented. The supper committee failed and the election has been fought and won by the Democratic Party, including a second term for the president, a pickup of senate seats, and an increase in house seats. Now, the day of reckoning is upon us. It has been described as “a loaded pistol pointed at the head of the economy, and if it goes off, we could be facing another recession.”

Polls show that Democrats and Republicans agree that the rich should pay more, but Boehner has not gotten the memo. The one sticking point has been—and still is—the Bush-tax cuts. That is what led to the fiscal cliff in the first place, and that is what hinders the two parties from coming together and avoiding it.

President Obama caved in 2011 and, as a result, angered his base and even lost some independent voters. Now it is time for the GOP to cave. But the Bush-tax cuts have become the GOP’s sacred cow, and Grover Norquist, who has signed pledges from them to not raise taxes, has become its pope.

The one thing, above all else, that seems to characterize the GOP is that the party, even in defeat, remains defiant. The party seems to think that it is a sin to compromise with Democrats, even for the good of the nation. Republicans are not good losers. They lost the 2008 election, but on the very night of the presidential inauguration, they began planning all types of unethical measurers to deny the President a second term. They vowed to not allow bills to pass the House and the Senate that would help the president to bring the country out of recession and, therefore, win a second term. They began painting the president as “other than” American, calling him “not too bright,” and saying he is the “food-stamp president.” They decided to engage in voter suppression measurers, making it hard for the poor and middleclass to vote. Now that the 2012 election is over, they seem to have dug in their heels with the hope of blocking progress so that they can blame Democrats and use it as a means of retaking the presidency in 2016. They continue to push the same policies that lead to their defeat at the ballot box. They seem to never acknowledge defeat on any issue.

Although President Obama spent the summer on the campaign trail, saying that those making $250, 000 and over will have to pay more, and although opinion polls show that more than 60 percent of those polled agree that the Bush-tax cuts should expire, many of us are still trembling in our boots, hoping our president will not betray us again. The President needs to listen to the powerful voice of the social media: “All you have to do is nothing. Do nothing and let the Bush-tax cuts expire.”

If the President does not allow the Bush-tax cuts to expire once and for all, he will be confronted with it again and again, every time a budget issue such as raising the debt ceiling again this year comes to the fore. Republicans will milk this sacred cow to death in order to have their way.

George W. Braswell, Jr. in his book, Understanding World Religions, asked a relevant question and made a significant comment: “Why would a people save a cow when they need the maximum production of foodstuff and when they have inadequate caloric and protein rations? …Hindu religion bars the slaughter of cattle, has a taboo of eating beef, and allows cows to roam the Indian countryside, clog roads, stop trains, steal food from marketplaces, and irritate tourists. What kind of sacred cow is this?”

Why would the GOP continue to hold on to its sacred cow when clearly the “governed” has given the government “consent” to kill it? It has indeed become a taboo that is senseless, destructive, and counterproductive.

President Obama needs to kill the GOP’s sacred cow NOW. This is HIS time—perhaps the only time.

Will he do it?


Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)