After a few days reflection, I guess that's how I feel about the 'deal' reached by Congress to avoid the fiscal cliff. Although, you can only really use the term 'deal' in the same manner that your doctor tells you 'this won't hurt if you just bend over and relax'.
Truthfully...even as a tea party wannabe libertarian, I'm not mad at the Republicans for agreeing to increase taxes on folks making more than 400K(single)/450K(married). Heck...I wouldn't have been mad at them for increasing taxes on people making greater than 200K, or even 100K. Finally...I would go out on a limb and say I wouldn't care about them increasing the tax rate on every American out there, IF...IF they had made spending cuts equal to the tax increases.
I've said before that this hole is too big to fix through spending cuts alone. It's also too big to fix from jacking up tax rates on 'the rich'...or all Americans. It's going to take a combination of spending cuts and tax increases, maybe even something outside the box like a national sales tax, to make progress. And yeah...it's going to be painful...for everyone. There is no way around it. We, as Americans, let it happen, often times cheering when the money was directed to things that WE approved of, while cursing the 'other guy' the next Legislative district over.
In the end, we didn't avoid the 'fiscal cliff', Congress just put the car in neutral so we are coasting towards two months down the road. We got some tax increases, but no real cuts...and the increases don't do anything to stop the debt problem. I've seen that they are projecting somewhere around 600 Billion in new tax revenue, over a 10 year period. That number sounds huge....but in reality, if we had that $600 Billion RIGHT NOW, it would still only decrease the amount of new debt, for this year alone, but 50%. It would do nothing to effect the balance of our outstanding debt.
Maybe, this is for the best. With this 'solution' allowing for tax increases, perhaps when the new Congress struggles to find someway to kick this problem further down the road in a few months, some automatic spending cuts can kick in, and we'll actually see the debt numbers go down...