Fiscal cliff: Worst-case scenarios
If Congress and the Obama administration can't come up with a deal to mitigate the effects of spending cuts and tax increases, the pain could be considerable.
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I'm sick and tired of all this succession talk, if you don't like America please leave.
As far as the cliff goes we need to stand up, protest, and say enough to our leaders who don't want to find a solution. Now if that doesn't work then make sure they don't get paid until they do the job we sent them there to do amd find some solutions to the problem. I'm tired of their excuses and it the other parties fault. ENOUGH I say to them...
Some how the "worst case" looks like a correction to me.
Why underfund Social Security further? Why not raise taxes and shrink benefits to reduce the deficit? Why no get the Feds out of state and local government business, like education? Why not trim the military-industrial complex a bit? And finally, why not cut the bureurocracy, the overhead, on programs that are meant to serve people?
The compromise solution will be classical Washington - kick the can down the street without hurting the lobbies and PAC interests. We'd be better off swallowing the medicine now.
Let the cliff happen.
Doctors Take a 27% pay cut, which help make SS more solvent, while paying higher taxes to balance the budget.
Military spending has to come WAY down, but Military Salaries don't.
The 10% Tax Bracket ends. Who thought that was fair for any American to pay so little anyway?
Taxes go up on the Rich and Middle Class, back to the Clinton Years. Hey, remember how freaking awesome those years were economically? I'd take those back any day.
Etc, etc, etc., it sounds like a good plan actually!
The only good thing I see about the fiscal cliff happening is the elimination of the EIC (Earned Income Credit). The EIC gives money back to people, through their taxes, that don't even pay income taxes in the first place. It's like getting free money without having to justify why the rest of us should give it to you.
Pull up your britches, folks, I think Obama really wants us to jump off that cliff! Then he will blame it on the GOP, just like he blamed Bush, so he can justify it's not his fault.
In my household, when finaicial times get tough, we look at where can we cut spending FIRST!!!
Once every spend cut has been implemented and there still isn't enoug income to pay the bills, THEN we look for other income opportunities.
It's just common sense...which politicians seem to lack.
What is funny you ask a right winger if we have illegals here...Heck yes. Are they working? I dunno. Naww they are all on welfare.
So, those guys, five ft tall, don't speak English on that roof are my immagination? Yes, It's a liberal lie.
No they want the taxpayers to work until they die by raising the retirement age and medicare benefits. You get rewarded in this country for being sorry a drug addict, an American hater, and a congressman.
A bunch of coward congressman, we need men and women that will support the working class of America and not reward the "I'm entitled group".
I would love to get an interview with the president, would he be embarrassed.
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