11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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My opinion is that I'm 54 years old & have been working since I was 13 & the Demo's of this country [note demo's as in demolition] have been forcing me to pay [taxes] benefits for lazy, leg opening, zipper pulling down irresponsible people for years. How's that for forcing one's believes on another.
And those Demo's are going to have to take my gun out of my cold dead hand...no they're not going to force that on me.....and sooner or later those Demo's are going to realize that robbing me and my fellow Americans of our hard earned money thru unfare taxing and forced payments to the lazy and fertile is not going to work either. Move in with your Momma or get a job.
Everyone goes thru hard times, but let's end the life long benefit programs.
But ....hey that's coming to an end simply because the working class of this country can't find a job and well we all know who pays the taxes to pay for all those "benefits".
I really wish the politicians and media STOP acting like what amounts to about a 5-7% cut in our defense/military budget (The largest in the world and the size of the next 12 countries combined *Most our allies) is in their words
Massive/damaging our ability to defend ourselves/huge/un-sustainable/BLAH BLAH BLAH
So we spend about $850B Vs $920B a year
IMAGINE WHAT WE COULD DO AS A COUNTRY WITH THE DIFFERENCE....PAY DOWN THE DEBT???
Would have thought that the amount of ink used to print all the money that 1% of the population has. Is invested in overseas tax shelters leaves very little for the rest of us Monopoly players, But we still continue with corporate welfare, and sweet deals for big businesses so that we can keep people employed. And former President Bush was in the Cayman Islands talking about tax shelters but by all means we should continue to give tax breaks to people who move their businesses out of the United States who laugh about putting over 10,000 people out of work as you know a certain person who was running for president did. And I still cannot believe nobody ever looks at how much money we have spent in the last 10 years on two wars simultaneously draining our money. And say with a straight face to old people sorry but you need to pack up your bags move into a tent in the woods to die because I do not live paycheck to paycheck. And how dare you think you have an entitlement that you paid for all your life called Social Security stupid old person.
The graphic above makes no sense. Ending the tax cut brings in revenue - it does not cost us. It may affect the economy in other areas but should not be included as a "cost" and the same is true of every tax break expiration included in here.
If the graphic is a projection of effect- that's what is should say, but it does not.
All those in DC know how to stop the wasteful spending, but they won't. Look at all their personal finances, they know damn well how to manage money because they're all wealthy. None of them give a damn because it's our money and not theirs. That, my friends is the problem.
They wouldn't be spending money on half the BS programs if it was their own money and they all know it. If they managed the country's money the way they do their money we'd all get a profit check every year like they do in Alaska.
But the people have done the same thing and actually believe they'll get a different result (The definition of insanity) by electing the same party first types that were already there. What needs to happen is to elect 20 or 30 Independents to Congress to break the hold on power the parties have. This would force compromise because neither party would have a majority, therefore voting along party lines would have no effect.
I was a bit surprised when CBS News called the Senate seat in Maine for Angus King, an Independent, because Scott Pelly actually said that the Independent had won the election but had not yet said which party he would align himself with. DUH !!! If he is truly and Independent he wouldn't align himself with either party !!! Otherwise he wouldn't be Independent now, would he ?
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[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
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