During my career, I participated in solving several business crises. It was an all hands on deck situation. I was working 70 - 80 hours a week, including weekends and adjusted my personal schedule. I've worked on holidays and cancelled vacations when the business was in crisis.
Compare that to government. The fiscal cliff and sequestration is a major crisis. Yet, Congress still took off for the Thanksgiving holiday. If the fiscal cliff and sequestration is still a crisis at the end of December, I would want Congress to cancel recess and vacations to work on solving the issue.
However, I suspect they won't. Congress and the President will likely take their normally scheduled recess and vacations, as if there were no crisis at all.
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This is not financial or policy advice. Please consult a professional advisor.
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1 week ago
2 comments:
The difference is that the fiscal cliff solution isn't about hard work, but rather about political will. No matter how much time these folks have to work on a solution, if one comes it'll be at the last minute--or probably a few days or weeks after the last minute.
Right on!
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