Davis Motor Sales banner ad

editorial uncertaintyKENTUCKY (11/22/12) – Jobs are on the block as employers grapple with uncertainty. Employers are still smarting from the 2008-9 recession and how they did not see it coming. They were “blindsided”!
 
Adding to uncertainty for small business is the health care mandates under ObamaCare, the federal debt, energy costs and increasing regulations on business. Now there is a new buzzword that the media and elected officials are referring to as the “Fiscal Cliff”. This is not, however, the REAL Fiscal Cliff that Congress and the President are debating.
 
The REAL Fiscal Cliff is when there are no more options. The REAL Fiscal Cliff is when the natural order of economics trumps voodoo economics and the smoke and mirrors of Washington DC. The REAL Fiscal Cliff is when the US Dollar loses value each month and the United States Government can no longer pay its bills. The United States goes into default.
 
Many believe that the next few weeks will determine our destiny. Will the U.S. act to avoid the REAL Fiscal Cliff or will we once again “kick the can down the road” making the REAL Fiscal Cliff more likely. To fix the problem we must balance the federal budget. This will be painful with increased taxes and large cuts to federal spending including social programs. A deeply divided, partisan Congress adopting a sustainable solution to these highly complex problems seems virtually impossible.
 
The quickest and least painful way to balance the budget is to rapidly grow the economy. But a review by the Wall Street Journal of securities filings and conference calls finds that half of the nation's 40 biggest publicly traded corporate spenders are slowing expenditures this year or next. Meanwhile, exports are slowing or falling to such critical markets as China and the euro zone as the global economy slows. These developments are not helpful to the US debt problems.
 
Corporate executives say they are slowing or delaying big projects amid easing demand and rising uncertainty. Many small business owners are beyond uncertainty. They are fearful. The Wall Street Journal also credits uncertainty around the U.S. elections and federal budget policies as among the factors driving the investment pullback since midyear. “Companies fear that a failure to avoid the so-called fiscal cliff will tip the economy back into recession by weakening consumer spending, damaging investor confidence, and cutting into corporate profits. A deal to avert the cliff could include tax-code changes, such as revamping tax breaks or rates, that hurt specific sectors.”
 
If the White House and Congress strike a deal to steer the U.S. away from the REAL Fiscal Cliff, the economy could recover quickly. The President will also have to rein in the bureaucrats and reassure the business community and consumers. Let’s hope and pray they can get it done. Our jobs are in the balance.
 
To read the full Wall Street Journal article: http://professional.wsj.com/article/SB10001424127887324595904578123593211825394.html

Ron Sanders
SurfKY News

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Hume, Smithhart among Coach of the Year Honorees

WINCHESTER, Ky. (2/27/15) — Henderson County's Tyler Smithhart (Region 2) and Daviess County's Pat Hume (Region 3) are… Read More

MPD Charges Four Individuals with Theft, Criminal Syndicate Charges

MURRAY, Ky. (2/27/15) — According to a Murray Police Department report, following an investigation in cooperation with… Read More

Most Read This Week

February 21, 2015 7000

Traffic Advisory for Western Kentucky

in Top News For All Sites by KTC
February 25, 2015 6130

Multi-Agency Investigation Nets Large-Scale Meth…

in Top News For All Sites by Trooper Stu Recke
February 24, 2015 6035

Two Charged in Central City Meth Bust

in Local (Muhlenberg) Top News by Trooper Stu Recke
February 25, 2015 5877

New Asian Restaurant Coming to Madisonville

in Local (Hopkins) Top News by Gary Gates, SurfKY News
February 22, 2015 5819

Easter Cuties Pageant in Memory of Shanice Bean

in Top News For All Sites Touching Hopkins by Tammy Holloway, SurfKY News
February 21, 2015 5524

Local Administrators Warn Employees to Watch for…

in Top News For All Sites by Tammy Holloway, SurfKY News

Most Read This Month

February 12, 2015

UPDATE: Name of Pennyrile Fatality Officially…

in Top News For All Sites Touching Hopkins by Doreen Dennis, SurfKY News
February 09, 2015

Police Pursue Man after Fight at Taco Bell

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

February 28, 2015 1371

City's Parking Ordinances to be Strictly Enforced…

in Local (Hopkins) Top News by Doreen Dennis, SurfKY News
February 27, 2015 1251

Madisonville Police Arrest Reports - Feb. 27, 2015

in Hopkins News by Madisonville Police Department
February 27, 2015 1048

Hopkins County Sheriff's Reports Released

in Hopkins News by Hopkins County Sheriff's Office
February 27, 2015 934

Tim Thomas to Speak at Rescheduled Black History…

in Top News For All Sites Touching Hopkins by Tammy Holloway, SurfKY News
February 27, 2015 872

AIRPLAY: Travis Dukes Makes Stop for Jam Session

in Top News For All Sites by Paul McRee, SurfKY News
February 27, 2015 798

Tips for Travelers Considering a Cruise

in General News For All Sites by SurfKY News
February 27, 2015 783

How to Reduce Greenhouse Gas Emissions at Home

in General News For All Sites by SurfKY News
February 27, 2015 761

Mustangs Fall to McLean County in Three Overtime…

in Local (Muhlenberg) Top News by Steve LeMaster
February 27, 2015 757

Whitfield Presses Health Secretary on Obamacare…

in General News For All Sites by Marty Irby
February 27, 2015 708

The Potentially Harmful Effects of Mold in Your…

in General News For All Sites by SurfKY News