The Fiscal Mayan Calendar

By Lloyd the Idiot

At precisely 7:27 a.m., January 1, 2013, the sun will rise.  At noon, the cheesey Taxslayer.com Bowl will kickoff.  At about 3:00 p.m, depending on the hangover, the Lloyd family Christmas tree will be dragged unceremoniously to the curb along with some remaining tinsel and whatever ornaments we missed.  At 4.56 p.m., the sun will set, and, with the following dawn, the little nukes will be back to school.

All that will happen whether there’s a budget deal or not.  I promise the world will not end.

If that’s the case, then, why not just go with Plan A?  Yes, sequestration is strong medicine and a bad result, but I’d far rather suffer the consequences of automatic budget cuts and tax hikes than pass along any an ever-growing debt with no prospect of controlling it or the reckless behavior that created it.  Frankly, that control needs to happen sometime, and there’s no better time than the present.  Truly, no deal is better than a bad deal.  In the long run, the Republic will be better off.

Believe it or not, no one’s actually falling off a cliff.

 


Comments

  • Dan says:

    “And, believe, it or not, no one’s actually falling off a cliff.”

    Of course you are absolutely correct Lloyd. It really is a shame that the whole “fiscal cliff” thing has become cemented in the public imagination because it in no way accurately describes what we are facing come January 1. If one wants to use overheated rhetoric to describe it, I think “austerity bomb” is more accurate, although not enough so to be helpful.

    I agree with you that there could be worse results than allowing the spending cuts called for in sequestration to begin and allowing the temporary tax cuts to expire so that rates return to previous levels. And it’s not like these events commencing on Jan 1st have to be permanent. They can be modified a week or a month or two months later. With very little difficulty.

    The truly vexing question is whether or not John Boehner or anyone else can control the Republican caucus in the House so that something better for the country can be done. Because what is scheduled to occur on Jan 1 is most certainly not ideal. It was designed specifically not to be ideal so that it would spur all parties to reach an agreement that nobody was completely thrilled with but that would be better than the austerity bomb. It was thought that rational parties would defuse the bomb.

    The rationality of House Republicans is an open question.

  • Cato the Elder says:

    Hey, it’s got to start somewhere. The cliff is probably the best possible outcome, from a fiscal perspective.

    These guys are like drunks at last call. Best to just cut them off.

  • Let's Be Free says:

    Yes, yes and more yes. And I perdict that a heckuva a lot more people will get religion on spending when they start paying the higher taxes.

  • Elder Berry says:

    The spending cuts will not kick in all at once anyway, but it’s a heck of a sign to send the world that our ENTIRE government is totally lame and inept and feckless. Does anyone really think thst this would HELP the economy or anyone in the middle class?

    Also Lloyd the guess is that the very first thing the Dems will do then is take to the media and demand a middle class tax cut and dare the Republicans to oppose it, thereby executing what might be called the coup de grace. Nice move, Tea Party, give the Dems a bigger bat to hit you with. Shall we just out and out call it a death wish? Government’s not going to die but the Republican Party actually might.

    I still think there is a tiny chance that Boehner, knowing he’s never going to be re-elected Speaker, decides to be statesman instead and for the good of the nation walks about 25 sane Republicans over to Nancy’s office for a parlay. If he has to lose he might as well lose in a historic way. Sort of Archibald Cox and Bill Ruckelshaus-ish?

  • Eric the half a troll says:

    Got no problem with it. Especially as the middle class tax cuts will end up being enacted just as EB says. I also hope the Reps continue to play chicken with the debt ceiling. It will be just another late Xmas present for me. Can’t wait for midterms.

  • liberal anthropologist says:

    “Also Lloyd the guess is that the very first thing the Dems will do then is take to the media and demand a middle class tax cut and dare the Republicans to oppose it, thereby executing what might be called the coup de grace”

    It s very funny that EB thinks that declaring a tax cut that the whole TEA party is in favor of would be a negative. This is the weird spin that the left is telling themselves so they can spin a tax cut (something we love!) into a victory.

    Keep cutting taxes EB. Declare victory as often as you want. Just keep cutting taxes.

    The weird echo chamber of the left.

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