In Tom Clancy’s novel “The Hunt for Red October,” the American and Russian submarines are charging toward each other trying to avoid a runaway torpedo. The American captain says that in a game of chicken, the hard part is knowing when to blink.
President Obama and the GOP are the two submarines when dealing with the U.S. financial crisis; neither wants to blink. The problem is the runaway torpedo that represents U.S. debt.
When the American economy relies on borrowing more than a trillion dollars a year to pay for Medicare, Medicaid, Social Security, unemployment checks, food stamps and government salaries, the fiscal cliff is already here.
— Jack McCabe, Batavia