Know When To Walk Away

You got to know when to hold 'em,
know when to fold 'em,

know when to walk away
and know when to run.

You never count your money
when you're sittin' at the table.

There'll be time enough for countin'
when the dealin's done

John Podhoretz had some advice in The New York Post for House Speaker Boehner that goes something like: "If you're gonna play the game boy, ya got to learn to play it right."

It seems that the Republicans want to keep the the present tax rates for economic reasons which requires legislation to prevent the rates that resulted from President Bush's  tax cuts from expiring at 12/31/2012.  On the other hand, according to Podhoretz, Obama wants to keep the tax rates as they are for political reasons - except for those earning more than $250,000 - you know, those rich people who need to pay more taxes. The bizarre reasoning here is that the Dems will claim that they provided a tax cut for the middle class - even though the tax rates would remain the same.

The Drive By Media will spin the Democrats' plan by broadcasting the President's garbage: John Podhoretz writes:
So here’s where things stand politically, 26 days from the fiscal cliff. The president says he wants “tax cuts” for the middle class funded by a rate increase for the wealthy.
Republicans say they want benefit cuts, which will have an effect primarily on the middle and lower classes.
Obama’s claim is that he wants to give. The GOP is saying it wants to take.
No wonder the president is signaling that he’s willing to go “over the fiscal cliff.” The public is on his side on these rate increases, since for an overwhelming majority of Americans, taxes will go up on other people.
Obama is reading his polls which say that if the automatic "sequester" hits as a result of congressional inaction, the Republicans will be blamed.  Defense funds will shrink as will welfare program funding. The president doesn't care  - since the only war he thinks he is fighting is against the "loyal opposition."

It takes two to play the game, so the Republicans need to walk away and shut down the government through inaction if needed.
Now Ev'ry gambler knows that the secret to survivin'
Is knowin' what to throw away and knowing what to keep.
'Cause ev'ry hand's a winner and ev'ry hand's a loser,
And the best that you can hope for is to die in your sleep.

  • Gadfly:
    Great analogy between the cliff and The Gambler...brilliant.

    I told the wife it was like when a store RAISES the price of something 25% and THEN, has a 10% OFF sale...and wants YOU to believe that you're SAVING money.

    Only THIS fiscal gig is much larger with greater consequences.

    Good post.

    Stay safe.