On average, starting this week, about $1,600 of an individual’s income will again be taken from his or her paycheck annually and sent directly to the bankrupt coffers of Social Security.
President Obama and the advocates of Bigger Government were the winners in our latest fiscal melodrama. Obama set the agenda and he got what he wanted. Republicans who wanted real spending cuts or some semblance of fiscal responsibility got rolled.
In two months, it’ll be time for Congress to vote on raising the federal debt ceiling. We’ll hear the same arguments and scare stories from the White House and the media about what will happen if we don’t allow the Washington In-Crowd to borrow a few more trillion dollars to keep their borrowing-and-spending racket going.
America will find itself being forced to watch another Washington horror flick. And unless voters wake up and the GOP gets its act together, “Fiscal Cliff, Part 2” is going to have the same unhappy ending for conservatives as the original.