Eastern Iowans Frustrated with Lack of Fiscal Cliff Deal
By Dave Franzman
CEDAR RAPIDS- Eastern Iowans, like others, are waiting and wondering what the U.S. House will do with the Senate fiscal cliff plan. But there’s consensus that Congress needs to do something with everyone growing tired of the fiscal standoff.
Several people waiting at the Eastern Iowa Airport for a holiday flight had seen the details of the Senate plan passed in the early morning hours of New Year’s Day. And everyone questioned agreed there was enough there to steer the country away from a possible recession.
One traveler, Diana Emig, said “I think they purposely screw around till the last minute—have everybody on pins and needles—and make decisions at the last second. I’m frustrated at the way the whole thing is working.”
Some of the travelers expressed the hope that a final deal might be finished by the time they reached their destination. But nobody was willing to bet on that outcome.
When asked if the Senate plan looked like something the average person could live with, Tom Long said “yeah, I believe it does. People can live with it. But it needs to pass the House.”
Another holiday traveler, Trevor Bruning, added “I’m not saying this is the fix all or answer to all, but I think with the current state we are in in this country, something has to be passed. If nothing’s passed we drive ourselves into a heavy recession.”
Some of those travelers said where you talk about financial harm, one consideration is how financial markets like Wall Street will react to the news of no deal. If the House doesn’t vote by the end of the holiday, then everyone will see how the markets react when they reopen on Wednesday.
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