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The Coming Fiscal Cliff

Posted by Lee Trepanier on

Lee Trepanier

Lee Trepanier

As we head into the final weeks of the presidential and congressional elections, we still do not have a plan, to which all parties agree, to balance the federal budget.

Democrats want to raise or enhance revenue, while Republicans seek their solutions in only budget cuts.

But most economists agree that we need to do both: raise taxes and cut spending if we want to avoid the "fiscal cliff": the federal government defaulting on its payments both home and abroad.

Neither presidential candidate has been honest about raising taxes and cutting spending to balance the budget. Both of them are afraid that if such a proposal were offered, he would be brutally attacked by his opponent.

But shouldn't the public demand a detailed and realistic budget from both candidates? If we don't, don't we get the type of politics we deserve?

Opinions expressed here are those of the author and do not necessarily reflect the views of Andy Rapp, Q-TV, Delta College, or PBS.

About

Currently Speaking host Andy Rapp

Veteran journalist Andy Rapp has been hosting Currently Speaking since 1999.

Each week, he's joined live in the studio by journalists, academics, and experts. Along with viewers at home, they tackle the local, national, and global issues that matter most.