• The following is from an editorial in The Philadelphia Daily News:
A Washington Post-Pew Research poll last week said that, if the fiscal cliff talks "fail," Americans will blame Republicans in Congress (53 percent) more than they will President Obama (27 percent). Makes sense: Obama won the election.
We would not be looking at a "fiscal cliff" right now if it weren't for the irresponsible, and undemocratic, fight over raising the debt ceiling that Republicans provoked in 2011. That was supposed to be a vote to pay the bill for government spending already authorized, something past Congresses had done routinely. It had nothing at all to do with the deficit or the debt — or taxes or spending. Those are all issues which deserves debate.
Republicans brought the nation to the brink of default, effectively blackmailing Obama to make a deal or risk a possible global meltdown. The deal was the mix of tax increases and mandatory across-the-board cuts to government programs due to take effect on Jan. 2 — what's known as the "fiscal cliff." Except no one intended these cuts to happen, either. Rather, they were to be used as leverage to hold the economy hostage as part of yet another crisis to force other, deeper spending and tax cuts. Which is where we are now.
If this seems like an insane approach, that's because it is. When Standard & Poor's downgraded the U.S. credit rating from AAA to AA+ last year, it was in part because of the alarming dysfunction of a system that threatens catastrophe in place of debating policy, and in which the will of the people counts for little.
Republicans seem ready to do it again: House Speaker John Boehner vowed that raising the debt limit would depend on massive spending reductions. Some Republicans are considering a surrender now on letting the Bush-era tax cuts expire for the wealthy, but staging another crisis when a debt-ceiling vote comes due.
President Obama should hang tough on his pledge to not negotiate with the debt-ceiling gun to his head. Obama is asking business leaders in particular to pressure Republicans to allow the debt ceiling to rise automatically, thereby preventing an annual set of fiscal cliffs in the future. Getting rid of this ploy is the only chance the nation has to reassert anything approaching rational budget negotiations.