It's that time of year again, time for fresh starts, optimism for the future, and New Year's resolutions. Unfortunately, there's nothing fresh, optimistic, or resolute coming out of our nation's capital these days. After a months' long game of political chicken, Congress managed to maneuver its way around the worst elements of the dreaded "fiscal cliff" at the 11th hour. What they failed miserably to demonstrate is an ability to address America's dire fiscal situation in a serious manner.
The current state of the GOP brings to mind the surviving Marines in Aliens, with no shortage of demoralized hacks lamenting their inability to resist by channeling Private Hudson: “Maybe you haven't been keeping up on current events but we just got our a**** kicked, pal!”
Here is the biggest problem with the news coverage of the Fiscal Cliff. The only message coming through was President Obama's message: that he was trying to save the middle class from a tax increase by raising taxes on the rich. On the Republican side, the message was…well…it was a muddled mess.
In the standoff over the fiscal cliff, all the discussion has been about the Bush tax cuts. There has been no discussion about the ObamaCare tax increases. That's a mistake.
There is not a majority in the House of Representatives to support a tax plan that would raise taxes on any taxpayers – not even the much-maligned “millionaires and billionaires.”
While President Obama and Speaker John Boehner are wrestling with whether or not they will agree to raise taxes, United Nations delegates partying in Doha, Qatar are planning to impose a new kind of tax on Americans.
What the White House is telling you is how it wants to raise taxes on high-income earners to raise revenue to run Washington.
Republicans need to stand for something and start defending conservatism not apologizing for it.
I'm in the camp that believes Republicans have no choice but to agree to raise taxes on the top 2 percent of earners. The party has been successfully caricatured as the servant of the rich. This is unjust, yes, but justice is imperfect in this life.
Peter Schiff, CEO of Euro Pacific Capital, asks the CNBC panel, "What's fair about that when medieval serfs pay 25%, I'm paying half?
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