Fiscal Cliff – More Thoughts

I’m already tired of hearing about the fiscal cliff.

In a nutshell, no one is offering the solution we really need. We need to close a $1.4T gap now – today – not over the next 10 years. We need to cut government services significantly. How would I do it?

Since we’re over spending by 42 cents on every dollar, I’d raise taxes on *everyone* by the same percentage equal to 14 cents of the 42 cents. Then we cut every program – social, defense, government health care – every program by the same percentage equal to 28 cents of the 42 cents. Everyone feels the pain. Everyone shares in the pain.

Look – we have all voted for this. The Boomers – by far the most self-absorbed, selfish, affluent and whiny generation this world has ever seen – has voted for all these programs. They want all these services but they don’t want to pay for it. Now it’s time for *us* (I’m a late Boomer) to experience the pain of our choices.

We can raise taxes on the top 2% and it won’t do anything to change the trajectory and velocity at which we’re heading into bankruptcy. We can cut $4T out of the rate of growth over the next 10 years and it won’t do anything to change the trajectory and velocity at which we’re heading into bankruptcy. We have to solve this problem today – now – not over 10 years. It’s time for leadership and it’s time for us as a nation to realize we can’t afford what we want. We need to deny ourselves. We need to realize that there is no free lunch. We need to admit we have met the enemy and the enemy is us. We need to be honest with ourselves and our children and admit it’s time for us to fix the problem we have created.

Neither party is offering the solution we need. Neither party wants to do the tough work of making unpopular decisions. At this rate, I give us 5-7 years as a country.

Bill English, CEO
Mindsharp

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2 thoughts on “Fiscal Cliff – More Thoughts”

  1. Pingback: Friday Five, December 7 | Thoughts on Business and Faith
  2. You articulated perfectly the conversation I had with myself over the future of this nation on my way to work this morning. We keep puting fiscal responsibilities off and time is runing out.

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