CNHI News Service

Opinion

December 7, 2012

EDITORIALS: Fiscal cliff; Nuclear Treaty

Don’t delay fiscal cliff

(New Castle, Pa., News)

There are two obvious possibilities regarding Washington’s struggle with the fiscal cliff.

First, Republicans and Democrats could engage in tough negotiations that reach a compromise to spread some very real — and very unpopular — pain.

Second, efforts to negotiate a fiscal deal between the two parties collapse, resulting in harsh budget cuts and tax increases across the board. Many economists say the impact of this drastic move would force the nation’s economy back into recession.

Neither of these options is the sort of thing a politician typically wants to be associated with. That’s why we’re worried about a third alternative, one that could look increasingly attractive to the nation’s lawmakers as they near that fiscal cliff.

We refer to a temporary extension of existing taxation and spending figures, the proverbial kicking the budget can down the road. It’s a variation of what got America into this position in the first place.

The fiscal cliff that everyone’s talking about is the penalty placed on the nation after last year’s budget negotiations failed. Congress and President Obama agreed to create the cliff. The intent was to present an alternative so ugly and so politically unpopular that Washington’s politicians would be forced to compromise.

Unfortunately, that idea didn’t work very well. Amid election-year posturing, the two parties failed to resolve their differences. And now the nation is dealing with the cliff.

We hear lots of accusations and see lots of finger pointing from Washington as Republicans and Democrats argue the other side is taking an extreme position and unwilling to budge. Some of this undoubtedly is the sort of maneuvering the parties typically engage in ahead of any negotiated agreement.

In fact, plenty of political observers believe what’s happening now is merely for show. Ultimately, a deal will be struck to avoid the fiscal cliff.

Text Only
Opinion
  • taylor.armerding.jpg Warren's populist pitch on student loans is off key

    Sen. Elizabeth Warren's populist rhetoric pumps up students about their loan burdens, but she conveniently neglects to mention the real problem - the exorbitant cost of college - much less how she's benefitted from those high prices.

    April 18, 2014 1 Photo

  • taylor.armerding.jpg Obama's equal pay exaggeration leads us all into danger

    The president's claims of national shame over gender-based pay inequity spring from distorted calculations, as well as some convenient political math.

    April 11, 2014 1 Photo

  • taylor.armerding.jpg Voters beware of oligarchs and bogeymen

    Scaring voters to distract them from issues is a tired - and bipartisan - ploy sure to be in heavy rotation this campaign season.

    April 4, 2014 1 Photo

  • taylor.armerding.jpg Put teens to work by laying off minimum wage rhetoric

    Idle teen workers may be a national problem, but frugal private employers aren't the reason for it. Minimum wage hikes - like the one championed by President Obama - squeeze these marginal jobs out of the economy.
     

    March 28, 2014 1 Photo

  • taylor.armerding.jpg Legal marijuana can be government's new cash crop

    Officials holding out against legalized marijuana may "evolve" their thinking because of one number: Colorado says it gathered $2 million in taxes from pot shops in January, as business was just getting started.

    March 21, 2014 1 Photo

  • taylor.armerding.jpg Banning a 'B-word' teaches girls the wrong lesson

    Striking the word "bossy" from the language doesn't help young girls learn to speak up or become leaders. It teaches them how to be, well, bossy.

    March 14, 2014 1 Photo

  • taylor.armerding.jpg Giving businesses choice is not legalizing discrimination

    The owner of a California gay bar should be allowed to refuse service to legislators he considers "crazy, ignorant or stupid." The problem is the popular double-standard that supports his version of "discrimination" while raging against anyone who disagrees with him but wants the same freedom.

    March 7, 2014 1 Photo

  • taylor.armerding.jpg Obama twists Constitution to cut U.S. military

    President Obama's plan to slash the military to pre-World War II levels endangers the country, especially when our enemies don't know the war is over.

    February 28, 2014 1 Photo

  • taylor.armerding.jpg Benefits of hiking minimum wage are an illusion

    The president's latest economic fantasy says raising the minimum wage will incentivize work, lower unemployment, juice the economy and may even lower taxes. All while businesses swallow billions of dollars more in labor costs.

    February 21, 2014 1 Photo

  • taylor.armerding.jpg Coastal residents should pay true cost of flood insurance

    The environmental champions in Congress took a big break from their moral scolding this past month with a gigantic “Never mind!” after their constituents discovered the law requiring them to start paying the true cost of living in flood-prone areas.

    February 14, 2014 1 Photo

News
Sports

Features