December 31, 2012
Politicians have been avoiding the task of confronting the fiscal cliff for months, according to Larry Sabato, the director of the Center for Politics at the University of Virginia. But the blame game is in full effect.
"They've wasted 17 months," Sabato said. "We are down to the last moment."
With paychecks on the line, the American people will be hit the hardest, but Sabato warns the political repercussions wont be pretty either.
"The people who have the most to lose are average Americans, but in terms of politicians involved, it's obvious the Republicans will be blamed the most." Sabato said. "Every poll says that."
But as politicians take the blame for the lack of action on capitol hill, Sabato says Americans need to shoulder some of the responsibility and come to terms with the cold hard facts.
"We are all going to have to back up and realize the season of pain is here and the party is over, even if it is New Year's Eve," Sabato said. "The hangover is going to be due just to alcohol, it's going to be due to the fact that we are all going to have to do with less- less government spending and more taxes. That's just the way it is if we are ever going to deal with this enormous national debt."