It’s a balanced approach!
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
In November, I said I was supremely uninterested in the details of fiscal cliff negotiations. Why?
Because as a resident of California, I have seen this game played before, and I already know how it’s going to end.
There will be plenty of drama and fiscal cliffhangers. There will be rending of garments and gnashing of teeth.
And then, in the end, we will arrive at a Solemn Agreement to Tackle This Problem Head-On . . . next year.
The details of this agreement will be a matter of intense interest to the same group of politicos who discussed polling every day during the presidential election and never really discussed policy.
Meanwhile, our massive government debt bubble will continue to grow, and nobody will show the slightest bit of interest in letting the air out.
Who is to blame? Those awful politicians in D.C., right? Certainly not the American people. Except that anybody who tried to tackle spending would get voted out of office instantly. I am no fan of David Brooks, but in the round table after Obama’s absurd Meet the Press appearance, once Brooks was finished with the mandatory Republicans Suck speech, he had a good point to make:
The big lie in this whole thing is that we have got the sensible country with the dysfunctional Washington. The reality is we have a country of people who want to bankrupt their children to spend money on themselves, and they will punish any politician who prevents them from doing that. And therefore they will punish Republicans if they– if they cut entitlements. They will punish Democrats if they cut entitlements. So what you saw today was the president shifting the attention from debt reduction to tax cuts, which is the easy thing.
You can blame the spineless politicians all you like, and I will happily blame them right along with you. But the fact is, this giant pile of irresponsible debt is what this increasingly soulless and immoral country wants. The longer we do this, the more we are wrecking our children’s futures. And tra la la, nobody seems to care. We’re going to “get the millionaires who are doing pretty well to do a little more,” to use the Huckster in Chief’s well worn phrase, and meanwhile the do-nothings who contribute zero to our society get to keep sucking on the socialist teat. And this is what we want, as a country. This is what we voted for.
In the editorial cartoon I envision, a child is lying on the ground dying. On the child are the words “our children’s future.” Obama is a doctor, stethoscope hanging from his neck, standing over the dying child who needs CPR. Obama is handing out heroin to onlookers so they won’t notice he’s doing nothing to save the child. Every so often someone says, what about the child? and he starts making speeches about how we need to save the child, but it needs to be a balanced approach. We need the rich people to give us more heroin, so I can have time to save this poor child. What I won’t do is cut off your heroin just because the fat cats want to keep it all for themselves. And everybody in the crowd applauds and takes more heroin, and passes a law that the rich people need to give them more heroin.
Meanwhile the child is dying right in front of this crowd and nobody cares because they’re all too high. And you can tell they’re going to keep ignoring the child and getting high until the child is dead.
That’s where we are on this first day of 2013, folks. Our children’s futures are wasting away in front of our eyes, and nobody gives a damn, as long as we can keep injecting those sweet, sweet government benefits into our bloodstream. Just close your eyes and feel the calm wash over you, and try not to think about the small child gasping for air at your feet.
Ahhhh. Doesn’t it feel good, folks?
Happy New Year!
UPDATE: Thanks to Allahpundit at Hot Air for including a passage from this post as one of the Quotes of the Day.