Bill or Hillary?
“America is facing a debt crisis. And so far, the best Democrats can come up with is a trillion dollar coin.”
They haven't done anything to solve the debt crisis, but the new Congress - and the President on January 20 - will have a brand new road and a bunch of shiny new cans to kick down it.
As soon as the elections were over, a wave of commentaries extolling the virtues of compromise appeared in the press. The common theme is that it is time for Democrats and Republicans alike to end partisan gridlock—to make compromises that will shrink federal deficits without driving us off “the fiscal cliff.”
We can get back to discussing GOP minority constituent recruitment soon, but in the meantime, we have a fiscal cliff issue that beckons -- the real fiscal cliff (America's imminent financial collapse), not the government shutdown molehill everyone is agonizing over.
When British Prime Minister Harold Macmillan was asked what might knock his administration off course, he famously responded, "Events, dear boy, events." There's a lot of truth to that. At any point in time, an unexpected event can throw the political world into turmoil. However, more often than not, it's not the blindside hit that gets you so much as the freight train you've seen coming for miles.
Regardless of who won, the global headwinds would have been the same, and the global economy is in a recession already (it's not widely recognized yet, but it soon will be).
20) I can tell you that if you were to elect President Obama, you know what you’re going to get. You’re going to get a repeat of the last four years. We just can’t afford four more years like the last four years. -- Mitt Romney
The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government | Daniel J. Mitchell