Balancing a ledger, "budgeting", is as old as civilized society.
A citizenry's decision makers are authorized to maintain status quo, but are constrained by an on going counter party risk of legitimacy from external forces.
July, 2011 witnessed a recent example.
America's steep sell off arose by way of America's Constitutionally expressed separation of powers. The law makers and its main enforcer (President) were conflicted, agreeing only to challenge the each other on recent electorate expectations and forward going goal making.
Ultimately, no principled agreement could be reached. "Kicking the can down the road," deferring any definite policy practice in spending and taxation was the only settlement to be had.
The "Fiscal Cliff" has returned to humble our nation's solvency.
From a policy perspective, I hope that budget negotiation fails. The major reason is that America's most reliable patriots, but for our veterans, the farmer, are at risk.
What will the "hand suffer?" This historical and intellectual allusion offered by the leaders of western civilization still provokes. Essentially, does an elected body allow its "producers" to retain their property intergenerationally?
2012 is all but passed, with 2013 firmly in view.
I believe that while the electorate may have only good intentions at choice, short sightedness will eventually be discovered as the resulting outcome, not solution.
Counter parties seek to lawfully, by taxation, divest America's producing families with tax bills. If a farmer, for example, seeks to pass along their operation to children, it must not exceed $600,000 dollars at time of farmer's death; otherwise, every dollar in excess of that amount will be taxed at roughly 50 percent.
This results in outrageous consequences as heirs, or any beneficiary, will likely be forced to write checks the government purposefully expects they CANNOT do.
Thus, a "selling of family farm" is the likely outcome.
To the more economically and politically astute, if you have conflicted ties that know no national boundaries, this is a quick method to raise funds at the expense of those politically distant, in favor of personal gains, at the cost of our nation's heritage, and reliable future.
The opportunity to behold the American experience can be grande, but uprooting its very fabric by confiscation, for redistribution, presents a lethal predicament for the fate of the body it is sworn, by loyalty oath, to uphold.
Given the rise in prices in the cost of living, disregarding the lack "of inflation" that economists parrot without waver, most know by native intelligence that day to day expenses require an ever growing allowance for the same, or less, purchasing power.
Taking land and producing businesses from Americans is wrongful. This tax deal should be rejected on principle.
If not, the precedent and its effects will be set; and when our lawmakers' lack compunction to defend this part of our country, then we do live in a lawless nation, and it no longer is a nation of the free as it has been compromised and treasonously inveigled.
America's sovereignty will have been toppled, and the time to complete ruin (i.e. social unrest and waxing violence, only begin to portend further uncertain grounds.