Feature:Opinion
NEW YORK - APRIL 7:  A Ringling Bros. and Barnum & Bailey circus elephant pretends to fill out a tax form outside the James A. Farley General Post Office to remind citizens that the April 15th tax deadline is approaching April 7, 2004 in New York City. The 133rd edition of Ringling Bros. and Barnum & Bailey Circus will be in town through April 11th.  (Photo by Mario Tama/Getty Images) NEW YORK - APRIL 7: A Ringling Bros. and Barnum & Bailey circus elephant pretends to fill out a tax form outside the James A. Farley General Post Office to remind citizens that the April 15th tax deadline is approaching April 7, 2004 in New York City. The 133rd edition of Ringling Bros. and Barnum & Bailey Circus will be in town through April 11th. (Photo by Mario Tama/Getty Images)  

CARLSON AND PATEL: How Congress, Wall Street and the media traded America’s future for the next short-term fix

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Tucker Carlson and Neil Patel
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      Tucker Carlson and Neil Patel

      Tucker Carlson is the Editor-in-Chief of The Daily Caller. Neil Patel is the Publisher of The Daily Caller and was previously Chief Policy Advisor to Vice President Dick Cheney.

Nobody’s surprised that politicians make shortsighted decisions. They have elections to win. Voters often claim to want limited government, but the evidence suggests they love government largess even more, and this puts elected officials in a tough spot.

What’s changed in America is that leaders who aren’t in politics — the very people you’d expect to take a sober, math-based view of these things — are suddenly celebrating short-term thinking as the only responsible course.

Write down the name of every CEO who came to Washington to whine about the breakdown in our political system and ask them what they plan to do next. How are they going to pressure Washington to get the nation’s fiscal system back in order for the long haul? You won’t hear back from many, because virtually none of them plans to do a thing.

Fixing our long-term problems would be painful and unpopular, and they have no stomach for that. There’s the next quarter to think about.

Add to this a press corps that has all but refused to cover our coming fiscal nightmare, and you have what amounts to a conspiracy of silence, or maybe stupidity. Either way, virtually everyone in this country with the power to persuade has lost the willingness to look beyond next Tuesday.

Nobody liked the spending cuts wrapped into the fiscal cliff. Democrats don’t like spending cuts in general, and Republicans were rightly upset that most of the cutting came from defense and none from entitlements. But at least Congress would have been forced to reduce federal spending, the one thing we really need.

According to CBO projections, going over the cliff would have hurt in the short term, but within a year would have left the economy stronger, bringing unemployment down to 5.5 percent by 2018.

Five years may seem like eternity to the day traders in Congress and their enablers on Wall Street. But it will be here before you know it. Just ask the Greeks.