Crazy Democrats Dancing On The Fiscal Cliff

These higher rates of taxes that we'll be paying after the New Year were common in the Nineties, and will be lower than was common in the Eighties. We've been paying ultra-low taxes for so long that we're spoiled. So, get over it already! And these higher taxes are easy, easy, easy to avoid too, but if and only if Congressional Republicans finally decide to start negotiating with the Democrats. If not, buh-bye low taxes! We've got the hostages, and we're not afraid to shoot them either. In fact, we're eager to shoot the hostages! Bang, bang, bang! Watch 'em fall! No one can out-crazy Crazy Democrats! So, deal!:

So why would Democrats willingly fling themselves over a fiscal cliff that threatens their own party more than the opposition? The answer to that requires a close look at what this struggle is really about. If no action is taken, taxes will rise by nearly $400 billion. But that scenario can only happen if the GOP sticks to its guns in refusing a tax hike on the wealthiest Americans. This whole fiscal cliff nightmare just goes away if Republicans are willing to make a deal that includes some revenue increases.

The closer you look, the more untenable the GOP’s negotiating position becomes. A majority of Americans support higher taxes on the rich. But the GOP is willing to crash the economy to defend historically low taxes on the Americans who have prospered the most over the last 30 years.

There’s only one reason why the GOP is refusing to budge. As history has shown again and again, Democrats will cave. So far, that doesn’t seem to be the case, a fact that justifiably has the business community worried. Executives are freaking out because Democrats are signaling that they can be crazy too. Maybe it’s time for them to pressure their GOP proxies to cut a deal — in the interests of everyone.