Thursday, December 06, 2012

the looming fiscal cliff

Can someone explain to me why Republicans and fiscally conservative pundits are going along with the Democrats and press, agreeing that letting the sequestration happen is a huge disaster? It's a significant lowering of government spending, and the only one possible for the next 4 years at least. Why in the world are Republicans trying to stop it?

Yes, yes, I know that it also involves a dangerous reduction in military spending but seriously, how hard is it to ever increase spending? If the US needs more military spending to handle some emergency in the future, Congress will vote for it and the president will sign it. I'd love to see the Democrats trying to tie needed military spending to their favorite social programs during a national emergency.

Here's to the fiscal cliff. Let's jump off it.

1 comment:

Marcel said...

This reminds me of game theory and nuclear deterrence. If the Republicans can present a good argument why going over the cliff would be to the Republicans' advantage, then the Democrats will believe the Republicans are willing to drive over the cliff, and so the Democrats will be more willing to negotiate to dissuade the Republicans. That is, unless the Democrats present a good case why it's to their own advantage to go over the cliff.

Ultimately, I don't think there's anything useful to be done that it's politically possible to do; both parties know this, and they are just jockeying about who gets the blame for the crash they think is inevitable.