While the media would have you believe the "fiscal cliff" signaled the greatest impending economic catastrophe our country had ever faced, in reality, it may as well have been a "fiscal blip" on the larger radar of our economic troubles.
There's no question that President Obama inherited a fragile economy. Unfortunately, policies enacted by his administration have made the problem worse, significantly weakening the economy and stymieing job creation.
Editor's note: The original version of this guest opinion from
U.S. Rep Jeff Flake stated in the second paragraph that "The
debt-ceiling deal reached earlier this month promised to cut
spending by $2.4 million in exchange for raising the debt limit by
a commensurate amount." It should be "by…
On April 18, Standard and Poor's credit rating agency announced
that unless a plan to significantly reduce the federal budget and
national debt is put into action, our government will lose its AAA
credit rating. Moody's agency's identical warning followed a month
later. And Fitch Ratings' ea…