With much of the debate in Washington centered on whether President Obama has a "mandate" to raise taxes – you'd think that's all he campaigned on. If the words "balanced approach" ring any bells, you may have caught one or two of his stump speeches.
Two years ago we spoke with Kris Kringle, CEO of Santa Claus Incorporated. He told us how his business growth had been stifled due to government-created uncertainty and burdensome regulations. This year, he agreed to do a follow-up piece with us. We caught up with him in Washington, DC, where he told us his primary concern today is Washington’s fiscal cliff.
You know that feeling you get when you are watching Jeopardy and the answer is so obvious, but the contestant just doesn’t get it? You scream, “Come on!” at the TV. “Everyone knows George Clooney played Dr. Doug Ross on ER!” The contestant gets it wrong, your remote goes flying, and the night ends on a low note. It’s the same feeling I get lately as everyone involved in the fiscal cliff talks continues to focus on the presumed problem–taxes. But the answer couldn’t be more obvious–spending.