Alright all of you republicans and democrats elected to serve us, it is time for you ladies and gentlemen to work together for as reasonable a solution as possible. Time is wasting and before you know it we will all fall off the fiscal cliff together. No more drawing lines in the sand or forcing each other into a corner. Time is running out, so get to work please.
The following WSJ article explains what is at stake...
"The White House and Republican lawmakers faced pressure to reach a solution to the looming budget crisis after a nonpartisan agency detailed Thursday how inaction would push the U.S. economy back into recession next year, and skittish investors continued to drive stocks lower.
Economists from the Congressional Budget Office detailed new warnings of an economy speeding toward a so-called fiscal cliff created by a combination of government spending cuts and tax increases set to take effect Jan. 1.
White House officials are considering proposals with the twin aims of avoiding the fiscal cliff and sparking negotiations on a broader deficit-reduction deal. Any plan is expected to echo President Barack Obama's campaign call for higher taxes on wealthy Americans, in addition to spending cuts.
Voters "clearly chose the president's view of making sure the wealthy Americans are asked to do a little bit more in the context of reducing our deficit in a balanced way," top White House adviser David Plouffe said Thursday. Mr. Obama planned Friday to give his first post-election statement on the issue."
Continue reading the full article here.
J. Robert Saron
President
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