Fox News
If you thought the bulk of our gridlocked politics would end in November, think again. The prospect of our country going off what’s referred to as the “fiscal cliff” has both the right and the left staking out their territory in a battle over how to handle our very unbalanced books.
President Obama and a good chunk of Democrats want to raise taxes on the nation’s highest earners. Though the president says he also wants to have a conversation about reforming entitlements, he hasn’t put any type of proposal on paper. Nor is the president or his party interested in serious spending cuts, aside from cuts to the Department of Defense, something Republicans argue would hurt our national security muscle in a time when we need it the most.
At the same time, Republicans have put forth plans to tackle the biggest driver of our debt—entitlements—and even had a presidential ticket that ran on those reforms. The House of Representatives has passed some version of these plans and Speaker John Boehner has adopted a Mitt Romney — idea to eliminate certain deductions in order to raise revenue to pay down our debt. Raising taxes, however—on anyone—is not an option, they say. Unless one side caves, we’re slated to dive off the so-called “cliff” in December.
Full story: Fox News
Right or wrong in America 