We have a severe problem in our country because we have left-leaning socialist thinking leaders who just can't stop spending.
They have no desire to stop spending, and their ideology prevents them from even understanding free-markets and free-market capitalism.
Now, the legislative and executive branch of our government can't seem to come to terms on how much money they should be allowed to spend above and beyond what they take-in in tax revenue.
For anyone who's ever balanced a checkbook, it should be quite a simple answer.
You can't spend any money more than what you take-in unless it is an emergency, and then you borrow the money and pay it back right away.
Further, you save for that potentially eventuality or emergency in advance, so you don't have to break the bank or go get a loan, or charge the taxpayer's credit card.
The New York Times had an interesting article on November 25, 2012 titled; "Slugging It Out, Inside Obama's Mind," by N.
Gregory Mankiw which had a teaser sentence stating; " An economist imagines a debate between two President Obamas - one liberal, one moderate - as Washington aims to avoid hitting a fiscal wall at year-end.
" Indeed, I was bothered by this individual's assessment of the situation because it seems to me that this administration has no intention of throwing away their socialist leaning mindset.
In fact, I just got finished reading "The Amateur - Barack Obama in the White House," by Edward Klein.
It's a book I'd highly recommend.
Now then, they say that the best way to predict someone's behavior is to look at what they've done in the past.
If we look at the negotiations of Barack Obama and Republican leadership over ObamaCare, it would be tough to believe that there was a genuine interest in coming to terms over the fiscal cliff.
The White House obviously wishes to raise the debt limit and continue spending in excess of $1 trillion per year, kicking the can down the road even further, and sending us on a road to becoming a Greek Tragedy.
One thing I've always found when studying history is that the socialist never seem to learn, even though their economic strategies have never worked in history, and probably never well, they always think that this time it will be different.
Not hardly, socialists always run out of other people's money to spend, and it looks like even if they meet this fiscal cliff, they still have to raise the debt limit again, and then again, and then again, until there's nothing left, and their credit is history.
Please consider all this and think on it.