Fiscal cliff ? or is it ?

Francis said:
I'm not sure what you're fishing for.. Progress is progress be it for legislation or anything else..
Click to expand...
I don't think additional legislation is progress, in and of itself. Legislators want to be reelected and think they need to show "progress", that they've done something that deserves your continued support. So they write laws ... more and more laws. It doesn't seem to matter whether they're necessary, whether there's already a law in place, or anything, It's a new law, so you should vote for him.

I don't see that as progress. Progress isn't progress unless there is a goal in mind.

"If you don't know where you are going, you might wind up someplace else."
~ Yogi Berra


I'd love to see some progress toward individual liberty and self-determination. Start eliminating and simplifying laws. Start stripping all these government agencies. Now there's progress.

This fiscal "cliff" might be a good start.
 
All this fiscal cliff and white house raises; raises a bigger issue in my mind, we all fucking sit here on our tushes and complain and bitch about the party squandering money and yet we as a nation don't do anything about it. I think the term armchair quarterbacks fits nicely here.
 
If we don't go into a recession, having them politicians fail and watching taxes go up would be a good thing, that is if the goal is to get the problem fixed. I also want to see spending cut, just not like the GOP wants to.

Happy New Years! :)
 
Minor Axis said:
I'm lazy, why don't you throw out some suggestions? Easy ones are defense spending, oil and farm subsidies.
Click to expand...

I can agree with those

But that will only be a drop in the bucket

Entitlements have to be addressed. In some fashion. I would start but raising the limit. I think the current limit is around 125k

Maybe raise that to a million. With the earner paying above the 125k and the employer not paying their share above that

For sure the dumbest thing we did was to reduce the payroll tax. That is like having a sinking boat and turning off the pumps to save electricity. A sure way to make the boat sink faster
 
Francis said:
The problem you face is doing this all in one shot..

Had you raised taxes in little steps and closed loop holes one at a time, people could have adjusted.. Do it all in one big swoop and they can't handle the big tax increased asked of them.
Click to expand...
It will slow the economy for sure...I dont even know why they are considering raising taxes at this time...unless it on the rich..but that alone wont make much difference..they need to get to working reducing spending,which can also slow us a little as well,but at least it is a step in the right direction {reduced spending}
 
As the fiscal cliff looms, what's your New Year's message to
Washington? Go to CNN iReport to share your video.
(CNN) -- Senate leaders and the White House struck a last-
minute deal to avert the feared fiscal cliff Monday night,
with Vice President Joe Biden headed to the Capitol Hill to
pitch the plan to fellow Democrats.
"Happy New Year," Biden, who became the Democratic
point man in the talks, told reporters. "Did you think we
would be here New Year's Eve?"
A senior Democratic aide told CNN that if caucus meetings
went well, a Senate vote could come "within the hour." But
the House of Representatives went home long before
midnight, meaning nothing will get through Congress
before the combination of tax increases and spending cuts
lawmakers have been scrambling to head off starts to kick
in, at least on paper.
A source familiar with the deal told CNN that the Senate
proposal would put off the cuts for two months and keep
the expiring Bush-era tax cuts for individuals earning less
than $400,000 or couples earning less than $450,000.
President Barack Obama has long demanded that the
threshold be set at $250,000.
Tax rates on income above those levels would go back to
the Clinton-era rate of 39.6%, up from the current 35%,
and itemized deductions would be capped at $250,000 for
individuals and $300,000 for couples. That would generate
an estimated $600 billion in additional revenue over 10
years.
 
Alien Allen said:
I can agree with those

But that will only be a drop in the bucket

Entitlements have to be addressed. In some fashion. I would start but raising the limit. I think the current limit is around 125k

Maybe raise that to a million. With the earner paying above the 125k and the employer not paying their share above that

For sure the dumbest thing we did was to reduce the payroll tax. That is like having a sinking boat and turning off the pumps to save electricity. A sure way to make the boat sink faster
Click to expand...

Some have suggested we get rid of income taxes and rely on adjusted payroll taxes. Just think of how much extra revenue the government would automatically secure. It seems like a no-brainer to me. Of course the same system would have to apply to investment income.
 
I don't know the details, but it looks like they've punted ... again.

From TX senator John Cornyn's FB:


"I voted for this bill because it prevents a huge tax increase on 99% of all Texans and Americans. Nonetheless, I am dismayed at the lack of seriousness by the president on dealing with the core issues of our fiscal problems. Our spending is unsustainable and it is high time the president and his party engage in meaningful dialogue to get this county's spending under control."​


Lack of seriousness by the President?!? Congress holds the federal purse strings, not the executive branch.
 
I love how you partisans point to billions of tax dollars, call it "nothing" and use circular logic to do nothing. With you it's taxing the rich, with the "Progressives" it's cutting spending.

You partisans are cut from the same cloth. There's not a cunt's hair's difference between you.
 
Last edited by a moderator:
Back
Top