Business

Washington Wants To Give You A Hippopotamus For Christmas- The Fiscal Cliff Explained!

Business

Retired from American Airlines after a 34 year career in corporate treasury management. Professional income tax preparer. Graduate of Georgetown University (BS Foreign Service) and The University of Texas at Arlington (MBA). Contributor to TMR since 2007. Host of "Italian Tomatoes" show on Blog Talk Radio. I am a center-right Republican with a passion for business, history and current affairs. Visit my radio show page on Facebook! (Or go directly to Blog Talk Radio to listen to My latest podcast- "Myths Of The Caliphate"

 

Another Christmas, another fiscal drama in Washington DC. Will we know what our taxes will be come 2013? Will middle class taxpayers get another reprieve from the Alternative Minimum Tax? Will the “Fiscal Cliff” trigger drastic spending cuts and maroon millions of people in an already depressed economy?

It sounds familiar because it IS familiar. This soap opera has been on the air for years, and continues to fascinate us because we live it, not just watch it. And the government has developed a nasty habit of featuring it around the holidays.

Why does this torture continue?  Why, it’s because the political classes are hooked on the delightful narcotic of deficit spending, which creates the illusion that enlightenment consists of giving expensive, unaffordable and often unusable presents to the voters.

The script is complicated and full of buzzwords. But for the perplexed citizen, an easy explanation is at hand: Washington Wants To Give You A Hippopotamus for Christmas.

(Images courtesy of freeclipartnow.com)

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