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Jewish World Review December 7, 2012/ 23 Kislev, 5773 Wonderful, innovative, compassionate --- and irresponsibly wrong By Star Parker http://www.JewishWorldReview.com | The crisis du jour in Washington now dominating the news, the so-called "fiscal cliff", is but the latest in seemingly endless political crises that we shouldn't be having. We get two different kinds of problems in life. The real ones — the struggle to work and improve the quality of our lives — and the ones we bring on ourselves through poor behavior. The more time we must deal with the latter type, the less time and energy we have to deal with life's real problems and challenges. The political crises which emanate from Washington are invariably problems of the type that result from poor behavior. And this latest, the "fiscal cliff", is no exception. Let's recall that the automatic tax hikes and spending cuts that are scheduled to occur January — the "fiscal cliff" — are the result of the failure of Republicans and President Obama to agree on a budget deal as condition for raising the debt ceiling last year. Why do we have to keep raising the debt ceiling? Because politicians are afraid to be honest with the American people and immediately raise taxes to pay for all their new spending. So instead of raising taxes and paying for our new bills when we incur them, they just borrow the money. Anybody who doesn't pay the full balance on their credit card bill each month knows what this is about. Except there's one big difference. You run up your credit card bill on your own account. You are the one that is on the line for your own bills. Politicians run up bills on our account. We're on the line for what they spend. They could be honest. When they have their wonderful ideas about what they want to spend our money on, they could go right to taxpayers and say we are going to spend X for Y so we will raise your taxes Z to pay for it. OK? They don't do this because they know it is not okay. Politicians know that the money they are spending ultimately will come out of every American household. And if they go to those households, to those actually responsible to pay the bills, and the heads of those households know they don't have the money, they will say "NO". Don't spend the money and don't raise my taxes. So politicians don't ask. And our constitution, which originally was supposed protect the property of citizens, is now so degraded that they can do this. They just spend the money and borrow, on our behalf — often from those overseas like the Chinese — to pay the bills. Then they tell the American people about all the great ideas they are spending money on. Bail out companies that have failed. Green energy. Extend unemployment benefits so you can collect for four years. And so on. It all sounds so wonderful and innovative and compassionate. And even better — somebody else is paying for it all. We think. Now our debt, at over $16 trillion, is bigger than our whole economy. More than 100% of our GDP. Investment guru Bill Gross, of PIMCO in Newport Beach, California, has been writing that the "new normal" for economic growth in the US will be below its historic average. What is one of the major reasons why? He cites research by Harvard economists Carmen Reinhart and Ken Rogoff which shows that "for the past 200 years, once a country exceeded 90 percent debt/GDP ratio, economic growth slowed by nearly 2 percent….for an average duration of nearly a decade." Part of President Obama's proposal to bypass the "fiscal cliff" is to get rid of the requirement that Congress must approve increases in the debt limit. I wonder why? It's time for responsible behavior and hard choices. If we can't just cut spending, let the "fiscal cliff" kick in. Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. Comment by clicking here. Star Parker is an author and president of CURE, Center for Urban Renewal and Education. Previously: • 1203/12 The Republican Hispanic challenge • 11/26/12 A society in decline: Our definition of marriage should follow process, not principle? • 11/19/12 Leadership is about identifying the truth, believing it and telling it in a way that people can grasp • 11/11/12 How conservatives can win over blacks and Latinos • 11/05/12 Racial divide has worsened under Obama • 10/29/12 How trillions are poured down a black hole • 10/21/12 Missouri Senate race model for the nation • 10/15/12 On the road to 'death panels' • 10/08/12 Why the Obama bubble still hasn't burst • 10/01/12 To promote freedom abroad, practice it here • 09/24/12 A time for truth, not word games • 08/20/12 America ready for Paul Ryan's adult conversation • 08/13/12 Our economic crisis is a values crisis • 08/06/12 Black pastors press Democrats on gay marriage • 07/30/12 Is Christianity now un-American? • 07/23/12 Entrepreneurs, not politicians, build the nation's prosperity • 07/16/12 The new American food stamp plantation • 07/09/12 In search of conservative leadership • 07/02/12 Light v. darkness in racial politics • 06/25/12 Republicans missing chance on education • 06/11/12: Raise levels of personal responsibility, not the minimum wage • 06/11/12: Free societies soon won't be free if its citizens see freedom as something that should be of responsibility • 06/04/12: Americans have become decidedly more pro-life • 05/28/12: Booker's comments about Bain, capitalism should not surprise • 05/21/12: Obama forcing blacks to make hard choices • 05/14/12: Fairness? The struggle in our public spaces is about competing worldviews, not neutrality • 05/07/12: Morality and economy are separate universes? • 04/30/12: How to keep the poor poor • 04/23/12: Obama's real 'stay-at-home mom' problem • 04/16/12: Obama makes foul call for economic 'fairness' • 04/09/12: GOP's black, Hispanic problem • 04/02/12: A wakeup call to a nation still sleeping through a crisis • 03/26/12: Supremes to confront new, energetic efforts to undermine the principles upon which this nation stands • 03/19/12: Republican race is just getting started • 03/12/12: Contraception flap 'defines deviancy down' • 03/05/12: Breitbart's final message to the Left • 02/27/12: Support for Santorum will grow despite attacks • 02/20/12: Libs' recent victories fuel Santorum surge • 02/06/12: Memo to Mitt: Whole nation is on government plantation • 01/30/12: Obama's vision puts America last • 01/23/12: Court ruling on ultrasound law worth celebrating • 01/16/12: Capitalism on trial • 01/09/12: NAACP plantation masters play race card again • 01/02/12: Youths' support for Ron Paul is misplaced • 12/26/11: In search of an ambiguous conservative leader • 12/19/11: Thank U.S. troops, notably wounded warriors • 12/12/11: Land of the envious and home of the victim • 12/05/11: Payroll tax ‘cut’ is another welfare scam • 11/28/11: Pray every day that America does not lose its way • 11/21/11: We're ignoring the Constitution • 11/14/11: The central issue of our time will define the 2012 presidential election • 11/07/11: Separation of . . . morality and economy? • 10/31/11: Every American should listen to Paul Ryan • 10/24/11: Disrespect for life and disrespect for property go hand in hand • 10/17/11:The right argument for Cain • 10/10/11: Occupy Wall Street: More from the culture of narcissism • 10/03/11: Why so many blacks continue to fail • 09/26/11: So many GOP debates, so few candidate revelations • 09/19/11: The the last vestige of the triumph of hope over experience is throwing itself a party. They'll be passing out palms-up portions of pity, but few solutions • 09/12/11: I'll defend Perry on Social Security Ponzi scheme • 09/05/11: Marco Rubio's Courageous speech • 08/28/11: The Steve Jobs/Martin Luther King Jr. Connection • 08/19/11: Blacks' dilemma with Obama © 2011, SCRIPPS HOWARD NEWS SERVICE

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