Editorials

November 17, 2012

Traversing the fiscal cliff

Most observers to the election of 2012 were dissatisfied with the depth of our political debate. The legislative process had created an odd convergence of the expiration of the Bush and Obama tax cuts and sequestration, the process of across the board expenditure reductions, together what we now call the “fiscal cliff.” The handlers of our candidates sought to avoid the raw meat of policy and win the election the old fashion way. Mitt Romney leaned right to win the Republican Party primary and then tilted to the middle in the general election. Both parties dumped $1.2 billion into the swing states. Politics as usual, the way the game has always been played.

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