{"id":9224,"date":"2012-11-11T13:34:49","date_gmt":"2012-11-11T13:34:49","guid":{"rendered":"https:\/\/maverickphilosopher.blog\/index.php\/2012\/11\/11\/why-we-are-headed-for-a-fiscal-cliff\/"},"modified":"2012-11-11T13:34:49","modified_gmt":"2012-11-11T13:34:49","slug":"why-we-are-headed-for-a-fiscal-cliff","status":"publish","type":"post","link":"https:\/\/maverickphilosopher.blog\/index.php\/2012\/11\/11\/why-we-are-headed-for-a-fiscal-cliff\/","title":{"rendered":"Why We are Headed for a Fiscal Cliff"},"content":{"rendered":"

A short video<\/a>.  It explains the difference between discretionary and mandatory spending and why not even mandatory spending is covered by tax revenues.  Mandatory spending comprises the entitlements and the interest on the national debt.  A balanced budget is not possible given the way the government is currently structured.  A re-design is needed.  It must begin by a posing of the question: What is the proper role of government?<\/span><\/p>\n

This philosophical question will  be neither seriously posed by the people in power, nor answered. And so it is is to be expected that we will go off the cliff.  I am talking about the ultimate cliff, not the one coming in early 2013 when  $500 billion in tax increases and federal spending cuts are scheduled to kick in.<\/span><\/p>\n

So you might think that Romney's loss is of no real consequence.  It just doesn't matter who presides over the collapse.  But if you are headed for a cliff and certain death, would you rather be mounted on a nimble Obama jackass or a plodding Romney elephant?  In the long run we're dead.  But later is better than sooner.  There is more time to prepare.<\/span><\/p>\n

And there is more time for the owl of Minerva to ascend and survey the passing scene until she too must pass away.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A short video.  It explains the difference between discretionary and mandatory spending and why not even mandatory spending is covered by tax revenues.  Mandatory spending comprises the entitlements and the interest on the national debt.  A balanced budget is not possible given the way the government is currently structured.  A re-design is needed.  It must … Continue reading “Why We are Headed for a Fiscal Cliff”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,216,56],"tags":[],"class_list":["post-9224","post","type-post","status-publish","format-standard","hentry","category-economics","category-money-matters","category-politics"],"_links":{"self":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/9224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/comments?post=9224"}],"version-history":[{"count":0,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/9224\/revisions"}],"wp:attachment":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/media?parent=9224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/categories?post=9224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/tags?post=9224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}