In an upcoming opinion piece in the January/February issue of Glass Magazine, economist Jeff Dietrich discusses the recent fiscal cliff deal and its effects on the economy. A familiar face at GlassBuild America, the senior analyst at ITR Economics knows our industry. His forecasts seem to always be right on the money. So that said, I will leave it to him to explain the ins and outs of the fiscal cliff deal and what it means for our country. For now, however, I had to share an analogy he references that compares the U.S. government's fiscal issues in terms of the family budget.
Fiscal Cliff Simplified
- U.S. Tax revenue: $2,680,000,000,000
- Fed budget: $3,760,000,000,000
- New debt: $1,080,000,000,000
- National debt: $16,066,000,000,000
- Annual sequestration cuts: $ 109,000,000,000
Now, pretend it’s a household budget
- Annual family income: $26,800
- Money the family spent: $37,600
- New debt on the credit card: $10,800
- Outstanding credit card balance: $160,066
- Total budget cuts so far: $109.00
Possible solutions: 1) Ask family members to invest in your future. 2) Believe that a 2 percent raise next year will solve everything. 3) Apply for more credit cards.
I'm neither an economist nor a politician, so I'm not taking sides on the issue. But if you'd like to weigh in on how the fiscal cliff deal will effect your business in 2013, feel free to comment below.
Chase is editorial director of Glass Magazine, GlassMagazine.com and e-glass weekly. Write her at jchase@glass.org.

Right at the start of the year, I was alerted once again to the depressing practice of suppliers selling direct to contractors, thereby cutting out the glazier. This is something that is not healthy for our industry on so many levels, and it needs to stop. I think sometimes companies do things in acts of desperation, but this latest rash of direct selling does not fall into that category. In my early days, when a supplier sold direct, they were faced with a version of frontier justice in that the local industry shunned them. Now, for some reason it’s more accepted, and that is insane. Hopefully this latest batch of wrong-headed selling will slow and retreat; if it does not, it surely won't be good for anyone in the end.
The old phrase, "complex problems require complex solutions," is true now more than ever before. Whether you're discussing solutions to the federal budget deficit, international relations, treating mental illness or improving public safety, there are no easy, quick fixes.