Washington Uses Pinky Finger to Avert Financial Flooding
To embrace a solution, first you had better understand the problem.
THE FISCAL CLIFF is a timely, no-nonsense account of our country’s current financial predicament and the precipitous fall that may soon come. Using the most up-to-date government and private sector data, economists Ayse Imrohoroglu and Selahattin Imrohoroglu offer a nuts-and-bolts primer to those who want to better understand the real fiscal crisis behind today’s headlines and rhetoric
A groundbreaking work that identifies the real culprit behind one of the great economic crimes of our time— the growing inequality of incomes between the vast majority of Americans and the richest of the rich.
We all know that the very rich have gotten a lot richer these past few decades while most Americans haven’t. In fact, the exorbitantly paid have continued to thrive during the current economic crisis, even as the rest of Americans have continued to fall behind. Why do the “haveit- alls” have so much more? And how have they managed to restructure the economy to reap the lion’s share of the gains and shift the costs of their new economic playground downward, tearing new holes in the safety net and saddling all of us with increased debt and risk? Lots of so-called experts claim to have solved this great mystery, but no one has really gotten to the bottom of it—until now.
The life and times of Abraham Lincoln have been analyzed and dissected in countless books. Do we need another Lincoln biography? In Team of Rivals, esteemed historian Doris Kearns Goodwin proves that we do. Though she can't help but cover some familiar territory, her perspective is focused enough to offer fresh insights into Lincoln's leadership style and his deep understanding of human behavior and motivation. Goodwin makes the case for Lincoln's political genius by examining his relationships with three men he selected for his cabinet, all of whom were opponents for the Republican nomination in 1860
This is my first foray into politics on Hubpages so please just indulge me if you can.
I have to say that I've been quite entertained by the "Politics As Usual" approach of government over the last few weeks in our nation's capital.
We the People just ushered into office for another presidential term president Barack Obama, and after all the hand shaking and political posturing we (that's you and I fellow American) have been witness to the same dysfunctional approach of governing the greatest country on the face of the planet (at least for the moment anyway) as we awaited the verdict of where or not we'd plunge over the so-called fiscal cliff.
I went to bed last night after the ball dropped in Times Square, and giving my spouse a kiss good night and laid my head on my pillow with visions of little tax men vacuuming the cobwebs from my wallet in hopes of finding cash that was just not there.
By now I'm pretty sure that most of you are already aware that there's a deal in the works to avert the the country from it's fiscal precipice, but from what I've gathered from what's already in our newspapers and on the early morning televisions programs this solution can be compared to that little boy who stuck his finger in the dike.
This tentative "deal" wasn't even reached till after that glittering ball dropped and many of us celebrated the new year, and as I write this hub...this is not a done deal as of yet...so you may want to have another drink on Washington while you still can.
The measure as it stands still has to pass the House in Washington, and if they can't pass this measure as it stands then expect to more pain in your paycheck as it screams bloody murder, and you right along with it!
The real problem as I see it is that our government ummm...that means the politicians that We the People went to the polls this past October and elected into office to represent our best interests, seems unable to or unwilling to just get the job done any longer.
It seems like our country narrowly avoids crisis after crisis, and all in the name of Politics as Usual in our nation's capital.
So what exactly are our politicians addressing with this tentative deal:
- Tax hike on household incomes $400,000 and above
- 30 million households are going to be covered from the Alternative Minimum Tax
- No payment cuts in Medicare for doctors next year...honestly this was something that I cared almost noting about. I feel that doctors should feel the same pain that I do.
- Unemployment benefits are extended for another year
Hold your applause for the moment...thank you.
What our political leaders did not fix at the moment are Medicare, Social Security, the problem with Military funding (personally, we are no longer at War, it's time to bring our young men and women home) or infrastructure projects and school projects.
As a nation, we should be ashamed of the way our government functions. These problems should not exist. They should be addressed in a timely fashion, with an approach that is a bi-partisan effort on both sides of the aisle.
There should be expediency in dealing with these issues,and there is not. As a matter of fact as I write this I already have heard that the next crisis in this convoluted daisy chain is this coming March 27th.
I just hope that Washington is able to take that pinky out of the dike and use some "Gorilla Glue" to fix this problem permanently.
Is this measure Too Compromised?
I could care less.
It's necessary and the country needs to be able to move onto it's next crisis.
Let's just get this done...Today Washington.
Pass the measure, and let's get to work on tackling the rest of this financial nightmare.