USA: Going Over The Edge With Selma And Louise

According to Robert Rubin, a former Sec. of the Treasury,  we are facing a dire financial situation.  When will we go over the edge?  That's hard to say.  However, it is worth noting that Greece's bonds sold for a very long time at a meager spread from German bonds.  Then suddenly, when it dawned on people that Greece couldn't continue without a lot of help from the EU, the interest rate on those bonds shot up.

James Baker was also on that C-SPAN panel, 9/14/12, with Rubin.  He tied together a number of "dots."  First, America's strength is no greater than  its financial strength.  Also, we can solve the situation now or later; but, the longer we wait, the harder it gets.

Taxing the top 1% or top 5% will do virtually nothing to solve America's fiscal problems.  However, whether it solves the problem or not there must be some demonstration of fairness.  The best way to tackle the fairness question is to reform our tax code.

Then, of course, we must tackle American entitlements.  This won't be easy, but it's got to be done.

I feel that this job can best be done by Romney.  Unfortunately, women are voting Democratic.  And, I can see why, in light of the GOP Right-To-Life plank in its platform. women are put off by the GOP.  Still, by giving the win to Obama, what they're doing is going over the cliff and taking all of us with them.