Fiscal Cliff - Pain already here...

For those that thought the recovery was hard already, ha, things only get rougher in the short term if the Cliff becomes a reality.  Then again, seeing as some revolt against the very thought of cutting a program at all, well, maybe this is will be what's needed to get some real "change" on Capital Hill.  I do find it incredibly discouraging that virtually all the emphasis among the Dems is on the "revenue" side, as if the spending issue is nearly an after thought of some kind.  Spending IS the main problem here, and increasing revenue will not in anyway "abate" this behavior.  I am not suggesting Repubs have the best answers, but at least their approach towards the spending end of the problem is reasonable and legitimate.  Why Obama and others want even MORE stimulus, as in billions of this, is beyond right reason of any sort.  This is sorta like adding more gas to the fire that burning down the house - more deficit to eliminate existing deficit....a new economic team is clearly needed.  It's not even as if the 1st Trillion Dollar stimulus even remotely worked - how borrowing more helps the cause is baffling to say the least; really it's absurd and opposed to right reason.

Also, interesting to note that more taxes etc,. are on the radar from Obamacare.   So much for any pledges for no new taxes for the Middle Class.  In case anyone missed it, the economies in Europe are not exactly thriving at the moment, and guess the root problem there--entitlements.  National bankruptcy via entitlements is getting perilously close to epidemic.

http://thehill.com/blogs/on-the-money/domestic-taxes/272707-cliff-is-already-inflicting-damage