Thursday, December 27, 2012

Preparing To Go Over

As U.S President Barack Obama cut short his vacation in Hawaii and fly back to Washington in the hopes of getting a deal to avert the so-called "fiscal cliff", I think he should spend the time in Washington on a more fruitful venture. President Obama and U.S Treasury Secretary Timothy Geithner need to stop trying to get a deal from the Republicans and just prepare for the day America goes over the cliff.

I say this because it seems clear to me there’s no deal to be made. Even in Singapore, we know of the a “no-new-taxes” pledge signed by most Republicans in the U.S Congress and how they have even balked at signing “Plan B”, a Republican bill that is basically a tax hike on anyone making over $1 million per year.

Seriously, if the Republicans in the U.S Congress can’t even agree to sign a no-hope bill on a tax increase for millionaires, President Obama have no chance to get anything out of them. If that’s the case, then President Obama needs to have a Plan B of his own; a plan to deal with the situation when America goes over the fiscal cliff. 

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