The first thing I hear when someone reads about the new "fiscal cliff" tax bill is: "What do you mean there is additional spending in the bill?" That is right. Not only does it include pork barrel spending; but, also tax credits, i.e. cash, for the Democrat and Republican loved corporations. Read the following column to understand the slight of hand as to how it got in there:
Tim Carney: How corporate tax credits got in the 'cliff' deal | .
What should be understood is that this was not a surprise to President Obama or to the White House. They were part of the Halloween joke on the American citizens. This has to be, in all aspects, one of the saddest new years in American history. Americans have had sad new years but not where they were so badly betrayed by Congress.
The betrayal of the American public by its elected officials is huge and should start a recall, if not an impeachment process. The only individuals who can be counted as "innocent" of this betrayal are the members of Congress who refused to vote for the charade.
Obama is not one of them. The American people gotten taken by the worst lie, well one of them, by this president. (He just spent an additional $7 million to return to his Hawaii vacation.) When he auto-pen signed the bill, the White House released a "signing statement." It said that Obama did not agree with everything that he signed; but, naturally he did not specify what he did not agree with. This is the kind of cover that any low-life Chicago Style politicians uses to cover himself if needed.
One of the central facts that every American knows is that the problem with the American government is that it spends way beyond it means. This has not been doubted by most Democrat or Republican Americans. Much to each of their dismay, they find that the new bill which claims to reduce future debt and excessive spending will actually add $4 trillion dollars to the national debt, according to the Congressional Budget Office, over the next 10 years and increases spending by the government through credits and direct spending increases.
As is too often the case, when looked at in hind-sight it would have been far better for the American Government to be forced to go over the so called "fiscal cliff." This "too big to fail" perception has led us Americans to accept trillions of dollars in spending on dubious projects we would never have sanely acquiesce to. It is now time to call for an end. Sadly, since this had nothing to do with creating jobs, we are going to see the economy remain flat and most Americans remain out of work or in minimal wage jobs.
Thank you Democrat and Republican elected officials.