We are all about to fall off the “fiscal cliff” now that a budget deal was not reached by March 1.
Democrats are in a tizzy over the impending cuts to important social programs. Republicans, on the other hand, are dancing in the streets. First of all, draconian cuts in government spending have been the essence of the Republican political mantra for four years now (Tea party activists are absolutely ecstatic). Second, the disruption to the American economy will ultimately fall squarely upon the head of President Barack Obama. After all, he is the president, so he must be responsible.
Given the modest intellects and fickle loyalties of the average American voter, it will come as no surprise when the Democrats get tagged with the blame for a crisis born from the obstructionist policies of the Republican Party.
The “fiscal cliff” is yet another example of what happens in a two-party democracy, when one party refuses to participate in the democratic process.