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Comments about ‘Lois M. Collins: Real accident brings perspective to 'fiscal cliff'’

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Published: Thursday, Nov. 15 2012 12:00 a.m. MST

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Truthseeker
SLO, CA

The survey by the Pew Research Center and the Washington Post found 51 percent of those polled said they don’t think President Barack Obama and Congress will be able to agree on a package of tax increases and spending cuts to replace the automatic reductions in government spending and the expiration of the Bush-era tax cuts scheduled for Jan. 1. Thirty-eight percent said they expected Obama and Congress to cut a deal.

If lawmakers fail to reach a deal, 53 percent said Republicans in Congress will bear responsibility, compared with 29 percent who said Obama will be at fault and 10 percent who chose both

(Newsmax)

Twin Lights
Louisville, KY

Ms. Collins,

I always appreciate your perspectives. Thank you.

JoeCapitalist2
Orem, UT

The "Fiscal Cliff" is largely a scare tactic and opportunity for political grandstanding, little more. Yes, we can all get together; move some numbers from one column to another in a big spreadsheet; and all go about our ways, happy that we avoided a "disaster". All the while, going about moving more and more money from responsible hands (you know, those who earned it and will use it in productive ways) to irresponsible hands (government bureaucrats who will waste it, steal it, and pass it around to all their friends). And we will also continue to go about, spending way more than we can afford and bankrupting the country.

Fixing the fiscal cliff with a short term fix is no better than getting that new home equity loan five years ago that let you pay off a few credit cards so you could run them up again with stuff you didn't need and couldn't afford. You felt better, but it was just an illusion.

djc
Stansbury Park, Ut

Very moving and well written account of a real cliff and the dangers of going over it. The fiscal cliff isn't a real cliff, it is largely a fictional device used to scare voters. The economy has been, statistically, this bad before. I believe, and I guess my opinion is as good as that of anyone else, we need to get people back to work. As long as governments and businesses continue to shed employees, the economic pool of available cash continues to shrink, the economy will continue downward. To my way of thinking the biggest economic mistake ever made was going to a credit based economy. I know that many consider government spending evil and wrong, but with the recent concentration of wealth into the hands of very few individuals who won't help the economy, I believe the government is going to be required to prime the pump and get the economy going again. Money must be spent, salaries must be paid, purchases must be made, otherwise the economy continues to tank. I would like to see something like the old US Savings Bonds or War Bonds.

The Skeptical Chymist
SALT LAKE CITY, UT

I agree with those who say that the fiscal cliff is a scare tactic and opportunity for political grandstanding. The only reason we face this "cliff" is because a large number of our senators and congressmen are willing to risk long-term harm to the economy by enforcing austerity at a time we least can afford it. Now is the time for the government to go into debt, putting people to work in constructive activities that will benefit the entire nation. I'm talking about infrastructure here, rebuilding government services at the state level, decreasing class sizes, etc. This will put people to work, giving them money to spend, and getting the economy going. When the economy is booming again, that is when we should be paying off the debt. The government should borrow in bad times, pay back in prosperity - this will keep the economy much healthier in the long run. Unfortunately, too many politicians find it irresistible to continue deficit spending during times of prosperity.

If you want to guarantee an even longer recovery, or a double-dip recession, by all means concentrate on reducing the deficit now. I'd rather my children inherit a functioning economy.

Hemlock
Salt Lake City, UT

Comments made about the insignificance of the national debt are Greek to me.

DVD
Taylorsville, 00

@Hemlock, and Socrates was quoted as saying: "I drank WHAT??"

I do think that we need to get our house in order fiscally in order to have a prosperous future as a nation, but that it would be very damaged by allowing the fiscal cliff to happen. The cure would be much worse than the disease. Tax increases are ok by me. Reasonable tax increases. These aren't going to some king's hoard, they're going to help all of us keep a functioning 21st national infrastructure alive so that we can work 21st century work and not have millions roaming the land starving, begging and eventually raiding our homes.

rlsintx
Plano, TX

How appropriate that the source of the analogy can, at it's root be attributed to shaky driving. The parallel is striking. For better driving, no one would need to step in to rescue us.

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