The fiscal cliff: What Republicans should do

November 29, 2012
By

Give Obama what he wants: Restore tax rates to the Bush era for everyone making under $250,000.

That’s nuts, you say? No, it’s not:

  1. Republicans will avoid the political consequences of defying 60 percent of the American people.
  2. The rich are avid Obama supporters. Republicans should make them pay for that.
  3. And, most importantly, even if passing just the middle class tax cuts averts the fiscal cliff, $1.2 trillion in spending cuts will still kick in. Obama will have no leverage to stop that! That’s good policy and good politics, since, as Keynesians will tell you, in the short term those spending cuts will help deepen the coming recession:

    Non-defense discretionary spending, which includes housing assistance and energy subsidies for low-income people, would drop by 8.2%.

    And non-defense mandatory spending, including the U.S. Forest Service and social services block grants, would be cut 7.6%. Certain low-income programs, such as Medicaid and food stamps, are shielded.

    If these cuts are enacted, it would hurt the economy, experts say. In fiscal 2013 alone, federal spending would fall an estimated $65 billion, according to the Congressional Budget Office. This could shave off two-thirds of the expected economic growth for the year and boost the unemployment rate by as much as 1.5 percentage points, according to Steve Fuller, director of the Center for Regional Analysis at George Mason University.

We need a deep, long recession to cleanse Democrats from office. Giving Obama what he wants is a way to get that recession, while cutting $1.2 trillion in federal spending immediately. He’ll have no one to blame but himself.

Cynical, you say? Nowhere near as cynical as Obama using $8.5 billion of your hard-earned tax dollars to buy the election. In this case, all I’m urging is “bipartisanship”, AKA giving Democrats what they want.

13 Responses to The fiscal cliff: What Republicans should do

  1. ip727 on November 29, 2012 at 7:12 am

    We need a deep, long recession to cleanse Democrats from office. Giving Obama what he wants is a way to get that recession, while cutting $1.2 trillion in federal spending immediately. He’ll have no one to blame but himself.~~~POLI

    Unfortunately just like the last depression, the great unwashed will blame the GOP,
    just like they blamed hoover.

    • Mickey Alan on November 29, 2012 at 7:34 am

      I absolutely agree, give the voters what they asked for, deep and hard. Any attempt to block the Democrats will only get the blame placed on the Republicans by the media.

    • Steel Turman on December 21, 2012 at 5:15 pm

      And, unfortunately, it will be a great war that fixes what Progressives have wrought.

  2. Boehner's Boner on November 29, 2012 at 8:10 am

    relax boys,

    I’m optimistic (you know, I’m a ‘glass half full’ kinda guy) a deal will be reached with the President.

  3. Lyle on November 29, 2012 at 8:12 am

    I don’t see republicans agreeing to raise taxes on anyone, which while admirable, will lead to everyone’s taxes going up and Obama will be in a position to propose his own tax cuts and fund what he wants. I wonder what idiot negotiated the deal that led to the fiscal cliff.

  4. Dismantle ObamaCare on November 29, 2012 at 8:13 am

    I couldn’t agree more. Give the voters what they want. If we go off the cliff, it’s then up to Obama to show leadership and put together a new budget that restores middle class tax cuts without spending America into the ground. He won’t do it – he wants to go off the cliff as much as Republicans. AND yes, he will blame the GOP, but it won’t matter. The Republicans will rightly say they lost the election and were waiting to vote on a serious Obama budget.

    Americans are too cute by half – they want spending cuts, but not on something they value and they don’t want THEIR taxes raised, but are fine with raising other people taxes. It’s not how it works. You broke it, you bought it!

  5. Gerry Owen on November 29, 2012 at 2:21 pm

    While I am not sold on caving to the increased taxes, I would suggest if they do it is presented as a
    “This is disastrous for the economy, we utterly disagree with it. While the Rich will be fine, those that will hurt are the people they would have hired, the people whose services would have been used, etc. But this is what the people voted for, this is what the President ran on, and this is what they have dug their heels in on- America, you asked for it.”
    I really, really, really, am amazed at the shortsightedness and ignorance of the American public- but I guess that is what we get for sacrificing the Media and eductational establishments to the left…..

  6. Haverwilde on November 29, 2012 at 3:21 pm

    Why not up the stakes while we are at it.

    Let’s suggest that we establish a wealth tax. First, prevent all billionares from gifting their money, and then subject them to a 100% tax on all their wealth over $1 billion. No one needs more than a billion to live anyway. (Not until it takes $100,000 to buy a loaf of bread. So we better act fast.)

  7. Gerry Owen on November 29, 2012 at 7:47 pm

    Regardless-
    This country WILL go over the Fiscal Cliff, no matter what they pass. It is only a matter of time.
    Let’s all enjoy the ride!

  8. Galtish on November 30, 2012 at 2:03 am

    If they negotiate something like that POLI, then at least negotiate the rate up from $250K to $1M.

    That way, you protect many conservative small business owners who are decidedly NOT for Obama, but who are forced to pay their business taxes out of their personal income, which could kill their business or force laying off more red-state workers. Let’s face it, about 3/4 of all jobs created over the last 4 years were created in RIGHT-TO-WORK states (aka: ‘red states’).

    But, regardless of what they do, I will remain steadfast to be Galtish and DEFUND the left to the extent possible. That means re-Patriation of savings to off shore tax shelters, buying out of state to avoid sales taxes, gifting, salaries to kids and a hundred other tax loopholes that’ll make sure I’m doing my part to significantly reduce my “taxation footprint” in order to DEFUND the left and bankrupt their corrupt tax-theft and redistribution to welfare leeches and illegals.

    It’s time to STARVE the liberal beast!!

  9. Goonions on November 30, 2012 at 4:16 am

    Glenn Reynolds had some great ideas on tax increases starting with cutting the Hollywood tax breaks. Then tax all of these foundations that the big whigs put their money into that are used to fund liberal agenda items. Give them the tax increases and when it pushes us further into recession we cannot be blamed. But, I would push hard for cuts.

  10. Lyle on November 30, 2012 at 12:37 pm

    If Obama refuses to put Medicare cuts “on the table,” then Republicans will either have to abandon the Mediscare tactics that are so important to their ability to hang onto their voting base of white seniors, or propose insane cuts elsewhere, or just give in, or just obstruct any deal and let the Bush tax cuts expire (quickly followed by a middle-class tax cut they dare not oppose) along with defense cuts that will freak out their militarist wing. They are indeed deep in a trap of their own design.

  11. Buquet on December 22, 2012 at 11:39 am

    The Republicans will be blamed for every bit of bad economic news regardless of what they do about the fiscal cliff. They have spent so much time compromising and trying to show “compassionate conservatism” that they don’t even seem to have any core values any more. They need to show some fortitude and realize they were not sent back to Washington to compromise and “get things done”. They are there to be like the 300, standing in the gap and defending the country against the Obama cultists. There were millions of people in the last election who either voted Libertarian or just didn’t bother to vote at all because they’ve given up on the Republican Party for the simple reason that it has become “Democrats Lite”.
    Let me be clear, I voted for Romney and I’m certain he would have been much more competent and conservative than Barack Obama. It may be that the country has crossed it’s Rubicon and that there are more takers than makers now, but I, for one, would like to see the Republicans, for once in my lifetime, actually stand on fiscally conservative principles unwaveringly. If we lose, we lose, but.just rolling over and playing dead while allowing Obama’s plans to be fully implemented is a fool’s game in my book and a game in which Republicans, and the country, will most assuredly lose in the end.

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