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
  • Free Rick Perry |It tells you much about the laughable indictment of Texas Gov. Rick Perry that it has made him a figure of bipartisan sympathy. Perry was indicted recently for the offense of vetoing an appropriations bill. Not vetoing an appropriations bill in exch

    August 21, 2014

  • Icy heads and warm hearts |Internet fads come and go. Most of them are ridiculous, pointless and often dangerous like the cinnamon challenge, planking and Justin Bieber. Normally the fads involve a lot of people who want to be seen and heard. The new fad, however, is the ice

    August 21, 2014

  • Trick or treating already? |So there I was, wheeling my cart merrily through the grocery store, whistling while I went on a search for enchilada sauce, when I rounded a turn at the end of an aisle and found myself face-to-face with … A wall of candy. Halloween candy. In Augu

    August 18, 2014

  • Trick or treating already? |So there I was, wheeling my cart merrily through the grocery store, whistling while I went on a search for enchilada sauce, when I rounded a turn at the end of an aisle and found myself face-to-face with … A wall of candy. Halloween candy. In Augu

    August 18, 2014

  • The Ferguson melodrama |Even if the police in Ferguson, Mo., are the brutal occupying force alleged by the protesters there, what do local shop owners have to do with it? In the wake of the police shooting of 18-year-old Michael Brown in disputed circumstances, rioters bur

    August 18, 2014

  • The Ferguson melodrama |Even if the police in Ferguson, Mo., are the brutal occupying force alleged by the protesters there, what do local shop owners have to do with it? In the wake of the police shooting of 18-year-old Michael Brown in disputed circumstances, rioters bur

    August 18, 2014

  • Debate filled with 'hate' gives Hamas a pass |One of the worst things about our “divisive” political culture is that we’re wearing out words. We use some of them so constantly that they’ve lost their power. To paraphrase Nigel Tufnel of “This is Spinal Tap,” we’ve turned them up to 11 and kept

    August 18, 2014

  • The seven Facebook friends everyone has |Recently, I was told that I’m behind the times because I’m still on Facebook. Just five years ago, I was told I was behind the times because I wasn’t on Facebook. The new “it” social media apps are Instagram, Twitter and a thousand other apps that I

    August 14, 2014

  • A hell of a diplomatic foray |If an Israeli high-level official were caught on a hot mic candidly commenting on Secretary of State John Kerry's ill-fated act of Israel-Hamas peacemaking, he might call it "a hell of a diplomatic foray." Kerry was caught sarcastically describing t

    July 30, 2014

  • Adopting Indiana? Or a 'deadbeat parent'? This past week we’ve learned that the State of Indiana has essentially stiffed 1,400 families who have adopted special needs children. The subsidies they were promised to raise kids in the state’s foster child program have been denied, prompting one

    July 12, 2014

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

Are you worried about the violence in Ferguson, Mo., spreading across the country?

Yes
No
Not concerned one way or the other
     View Results
AP Video
Furry Roommates: Dorms Allowing Cats and Dogs Chase Rice Defends Bro-Country 'Jersey Shore Massacre' Pokes Fun at MTV Series Raw: Wash. Mudslides Close Roads, Trap Motorists DC's Godfather of Go-Go Honored Ukraine Calls Russian Convoy a 'direct Invasion' Girl Meets Her 'one in the World' Match Coal Gas Boom in China Holds Climate Risks Japan Landslide Rescuers Struggle in Heavy Rain Raw: Severe Floods, Fire Wrecks Indiana Homes Endangered Red Wolves Face Uncertain Future Raw: Russian Aid Convoy Arrives in Ukraine Okla. Policeman Accused of Sex Assaults on Duty Dominican Republic Bans Miley Cyrus Concert Raw: Israeli Air Strike in Gaza Raw: Bodies of MH17 Victims Arrive in Malaysia Attorney: Utah Eatery Had Other Chemical Burn
Hyperlocal Search
Premier Guide
Find a business

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