Hendricks County Flyer, Avon, IN

Commentary

January 15, 2013

Fiscal problems remain just as daunting

How about those U.S. Congresspersons? They didn't quite keep us from falling off the fiscal cliff, but they caught us before we hit bottom, right? And how about President Barack Obama, who routed the Republicans, getting more than enough of them to violate their pledge not to raise taxes?

Happy days are here again. The rich are finally going to pay something like their fair share, although anything that leaves them with a penny more than I have still isn't really fair - at least that's the impression I get from my benevolent president.

Obama stood in the breach and protected us from Republicans getting their grubby government hands on our divine right to endless unemployment benefits and any reduction in our divine right to endless increases in Social Security and Medicare.

Celebrate! Celebrate! Dance to the music!

Except, uh, might not be too wise to raise a glass of bubbly just yet. There are still these troubling little realities we have to deal with sometime - not now, of course - now is never a good time to talk about taking responsibility for anything. But sometime not too long from now, if we want to avoid some all-out generational warfare, we are going to have to talk about them.

First, allegedly averting the "fiscal cliff" solves nothing. The whole thing was really just a lot of self-generated political theater by the president, Congress, and Fed Chairman Ben Bernanke, who is credited with coining the term. There was no cliff, unless you think returning to the tax rates that existed under President Clinton - which Democrats insist was practically a utopian decade - would be a national calamity.

The problem is not a cliff. It is a growing avalanche of debt. It doesn't wipe anybody out at the start, but when it gains a critical mass and a head of steam, it can be lethal, to individuals, families, and yes, societies.

Text Only
Commentary
  • Benefits of hiking minimum wage are just an illusion |I don’t know anyone averse to making more money. Sure, I have friends who demonstrate, through words and actions, that money is not the most important thing in their lives. But I haven’t seen one of them turn down a raise. I wouldn’t, either. (That'

    March 3, 2014

  • Benefits of hiking minimum wage are just an illusion |I don’t know anyone averse to making more money. Sure, I have friends who demonstrate, through words and actions, that money is not the most important thing in their lives. But I haven’t seen one of them turn down a raise. I wouldn’t, either. (That'

    March 3, 2014

  • Letter to the editor |To the Editor: As the dust has settled somewhat in the state legislature over HJR-3, with its endless debates, and other matters are given credence in the media, I'm given to reflecting on a phrase made famous by a folk singer of the 1960s who harmo

    February 27, 2014

  • Letter to the editor |To the Editor: As the dust has settled somewhat in the state legislature over HJR-3, with its endless debates, and other matters are given credence in the media, I'm given to reflecting on a phrase made famous by a folk singer of the 1960s who harmo

    February 27, 2014

  • A military budget of delusion |The Obama administration says that we need to end what it calls "the era of austerity" in Washington. Notably excluded from this admonition is the one department of government that is actually experiencing austerity worthy of the name. Defense Secre

    February 26, 2014

  • Brent Glasgow Sherman, Miller apples of the same tree

    There was a wide array of reactions to Seattle DB Richard Sherman’s post-game “interview” with Erin Andrews following the Seahawks’ NFC title win over San Francisco.

    Mine? Laughter, as the shout-down was the most entertaining thing I saw all day.

    January 28, 2014 1 Photo

  • Brent Glasgow Cash greener, but grass not so far for Butler

    Butler is still a long way from saving its 2013-14 men’s basketball season, but if the Bulldogs turn it around fully and reach the NCAA Tournament, it will have started this past Saturday at Hinkle Fieldhouse.

    January 21, 2014 1 Photo

  • Brent Glasgow Downer finale doesn’t change Colts’ positives

    A fine season for the Indianapolis Colts ended with a whimper Saturday at New England, but in recent team history, it was far from the most disappointing postseason defeat.

    January 14, 2014 1 Photo

  • Brent Glasgow Colts have chance to pen masterpiece

    The Indianapolis Colts’ miraculous 45-44 wild card victory over Kansas City on Saturday ended just after 8 p.m. After leaving Lucas Oil Stadium, it took until around midnight for the pounding in my head to subside.

    January 7, 2014 1 Photo

  • A manufactured ADHD epidemic If at any time while reading this article your attention wanders, you may have ADHD. If you pause to check your e-mail sometime during the next three paragraphs, you should consult a doctor. If you fail to read this article all the way to the end, yo

    December 31, 2013

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

New poll question: Will you be attending this year’s Indianapolis 500?

Yes
No
Undecded
     View Results
AP Video
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read