House Speaker John Boehner: Obama Taking Country Over Fiscal Cliff

Posted on Dec 9 2012 - 11:00pm by Travis

On Friday House Speaker John Boehner said that President Obama was slowly but surely taking the country over the fiscal cliff. Since the reelection there has been total gridlock as Republicans and Democrats fight each other over a proposal they can agree on for dealing with the oncoming cliff. Boehner says that Obama keeps wasting time.

“It’s time for the president if he’s serious to come back to us with a counteroffer,” he said to reporters.

While unemployment has shrunk as of November, Boehner still says that Democrats are hurting the economy by not moving forward with a counteroffer from the GOP. Says Boehner, “The president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff.”

The main problem comes down to one issue in the Obama proposal for dealing with the fiscal cliff, and that is to raise taxes on the top 2%. Republicans are very reticent to raise taxes, and therefore they are fighting the proposal. This has lead to a stalemate between the two, with Republicans controlling the House and the Democrats holding the Senate.

“It’s going to require both leaders,” Obama senior adviser David Axelrod told MSNBC. “Each is going to have to make sacrifices in order to get this done. I think everybody recognizes the consequences of not getting it done…In order to solve the problem and achieve the $4 trillion in savings, you’re going to have to do a balanced package, including all of these things.”

If the fiscal cliff is crossed, then that will mean tax hikes and spending cuts, which could send the country back into a recession. Both sides are arguing that they have the nation’s economic interests at heart, yet at the same time cannot seem to come to an equitable agreement. With the cliff approaching, time could run out.

Source: CNBC

  • wavettore

    Communism and Capitalism have both failed as systems of government because of the same illness: corruption.
    In a new and long lasting form of government, Trust can no longer be one of its components. All efforts should be made to form a new type of government with new mechanisms that will not require the element of Trust or the promise of a politician to guarantee that the will of the majority will always be reflected in the laws of that government.
    This will be a system that could improve in time the already existing possibility of such government today structured through the use of the Internet.
    A new form of Democratic government is Commutalism.
    Commutalism is a new concept of Democracy without politicians which is organized through the Internet to balance the needs of the Individual with the Respect for Equality.
    Commutalism is structured to provide the necessary goods for the survival of everyone and introduces at the same time a new transparent form of Capitalism to trade all those goods which are not necessary, like in a market open to the competition of all superfluous goods.
    For the sake of transparency, this new type of Capitalism would rule that each single transaction must be reported on the Net to become visible like an invoice made public and taxable at the origin with one fix percentage applied for everyone.
    In such system, all private properties and their owners like also all money transactions and trades of private property must be publicly reported on the Net. This is to prevent unlawful transactions and root out corruption through the immediate confiscation of those goods that have not been reported.
    Moreover, to reduce Greed and restore the financial equilibrium worldwide, it will be enough to eliminate the concept of inheritance. The private property of the people will return to the State after the death of each person to be auctioned among all citizens. People could spend as much as they want to educate their children but inheritance and donations would not be allowed.
    Once the survival is guaranteed for everybody there will be no need to be as tolerant with crime as we are today when the crime is a consequence of our corrupted system.
    In Commutalism, the right to own must be protected and guaranteed also for those who want to work and trade their own Time to obtain more than just the basic necessities provided by the system.