President Obama invited Congressional Republicans and Democrats to the White House next week to begin talks to resolve the country's impending fiscal crisis, but he insisted on raising taxes
on the wealthiest.
"I'm not wedded to every detail of my plan. I'm open to compromise, I'm open to new ideas, I'm committed to solving our fiscal challenges, but I refuse to accept any approach that isn't balanced," the president said in his first statement since winning re-election
Here is my problem with this - The so called "fiscal cliff". It's not a cliff. Even under the worst of circumstances, where no deal is reached, and spending cuts and tax breaks end for everybody, the CBO figures call for a contraction of half a percent, and unemployment up to 9.1% - BY THE END OF 2013!!
OK, so we have a problem, but now is not the time to hurry this up. Obama and Congress need to take their time and work out a GOOD solution, instead of passing something based on fear and knee jerk reactions that turns out to be bad. Relax, Congress. Take a chill pill, and work this out logically instead of emotionally, and all will be good.
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