Obama Should Listen to Obama About Avoiding Self-Inflicted Wounds

William K. Black, HuffPost
Posted: 12/26/2012 2:35 pm

On Friday, December 21, 2012, President Obama announced:

"As of today I am still ready and willing to get a comprehensive package done," Obama said, specifically urging lawmakers to craft a deal that would protect middle-class Americans from a tax hike set to be implemented if no deal is met. Obama said he spoke with GOP House Speaker John Boehner and Senate Majority Leader Harry Reid (D-Nev.) Friday, asking the congressional leaders to come up with a smaller fiscal package in the next 10 days. 

"Now is not the time for more self-inflicted wounds, certainly not coming from Washington," Obama said.

What is the "self-inflicted wound" that Obama warns us we must avoid?

According to the AP, "'Everybody's got to give a little bit in a sensible way' to prevent the economy from pitching over a recession-threatening fiscal cliff, he said."

Austerity is the weapon that is about to inflict the self-inflicted wounds on our nation. The fiscal cliff is the ammunition about to be used to inflict austerity on the nation. One of the wounds is a recession, which would increase unemployment and the federal budget deficit. The other terrible wounds are cuts to social programs and the safety net that would add greatly to human misery.

(More here.)