Because the "fiscal cliff" has now been averted owing to a last minute (well, about a day or so past the last minute) deal which essentially gives Barack Obama everything he wanted, and in return gives Republicans the label formerly reserved for Carlsbad Caverns: "America's Biggest Cave."
The Senate passed the first draft of the plan, patched together by Senate Minority Leader Mitch McConnell and VP Joe "Hysterical Laughter" Biden, which called for raising taxes on the evil, scumsucking rich, and lowering deficits by making broad spending cuts to...uh...
Oh wait! The spending cuts are negligible, and the Senate plan actually adds over $300 billion in brand new spending!
This plan then moved to the GOP-controlled House of Representatives, where Tea Party conservatives looked at it like a turd in a punchbowl. Because a plan which raises taxes (thereby injuring the economy) and raises spending (thereby injuring future generations) is no compromise at all: it's simply the economy-destroying nightmare that Obama has been demanding.
And while a majority of Republicans voted "no" on the plan - it still passed the House by getting the votes of some alleged Republicans, virtually all of the Democrats, and useless Speaker of the House John "Crybaby" Boehner.
SOoooo, income taxes go up for those earning $400k or more, their capital gains taxes go up, government spending goes up, and no real cuts are made. And remember the sequestration cuts which were supposed to go into effect to finally, finally force politicians to make spending cuts? The morons in Washington have decided to postpone it for a couple of months, at which point additional postponements will be enacted so often that everyone will get distracted by the impending birth of Kim Kardashian's bastard child and forget politics and economics altogether.
But that's not all! As a bonus, the bill grants an extra year of unemployment benefits to thank all of the folks who voted for Barry! Hey, money is no object when it comes to thanking the little people - especially when it's someone else's money.
So just how much "deficit reduction" did this "deficit reduction emergency bill" achieve? According to the CBO, it actually adds another $4 trillion to the deficit over the next 10 years. D'oh!!!
Some Republican pinheads, who may or may not be named Lindsey Graham, have said that it was important for the GOP to grab their ankles, sell out the American people, and give up any semblance of principle this time around so they could "save the fight for the debt ceiling."
In all due respect, we strongly disagree with Senator Graham and the horse he rode in on. We shouldn't save our strength for "a" fight - we should fight every fight tooth and nail. We should fight about taxes, about deficit reduction, about the debt ceiling, about immigration policy, about the 2nd Amendment, about Obamacare, and about everything else that is destroying our country.
But by "saving their strength," the moderates and RINOs in the GOP simply showed Barack Obama that they collectively have no strength - and so the fight over the debt ceiling is lost before it begins, as will be the case with the fight after that, and after that, ad nauseum.
Hope n' Change knows that at New Year's it's tradition to drop the ball...we just wish it had been restricted to Times Square instead of the House of Representatives.
|Joe Biden, co-author of the "Compromise" Plan, asks people to guess |
which finger smells like Mitch McConnell and which smells like John Boehner.