Now that the election is over, let’s get on with raising taxes! This is essential to the fiscal stability of our country, Mitt Romney (Mitt who?) notwithstanding.
Republicans will not cross the aisle to meet Democrats on this. They misconstrue retaining their hold on the House as a mandate, when in fact more votes were cast for Democrats than Republicans across all House elections. The so-called Republican mandate is actually a gerry-mandate caused by Republican redistricting to reduce the impact of votes not cast for a Republican (see gerrymandering).
If no agreement is reached on deficit reduction, the Bush tax cut expire. So be it! These tax cuts were unfunded and irresponsible to start with. I’d rather pay more taxes now, than EVEN MORE TAXES later when interest rates on the National Debt start rising. No Republican debt hawk will tell you this, but interest on the National Debt costs taxpayers less under Obama, than it cost under any of the last 3 Presidents.
But what about all the other things that come with going over the Fiscal Cliff? Don’t sweat it: if the military has to stop spending money on things it doesn’t need, it need only impact defense pork. For everything else, let the two parties negotiate like responsible elected officials. If the Bush tax cuts expire, the Democrats won’t have to give away the farm to Boehner in order to get a revenue increase.