Business

The World Can Not Afford A Second Fiscal Cliff After Europe’s Failed Attempt

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

Business Insider – The Taxpayer Protection Pledge signed before witnesses by 238 US congressmen does not leave much wiggle room as the fiscal cliff arrives.

It is a solemn oath to the American people — under pain of political perjury — crafted by my old friend Grover Norquist to block retreat.

Each member of the covenant vows to “oppose any and all efforts to increase the marginal income tax rate for individuals and business; and two, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates”.

Mr Norquist can legitimately argue that the US elections have reinforced the mandate of those demanding radical action to shrink the Leviathan state. The Republicans held the House — the paramount budgetary institution — by a fat majority on a crystal clear message. The party will now hold 30 governorships, the highest in twelve years.

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