The problem is that both sides want to "win" even if that means we plunge head firstover that in a fiery crash. Bottom line is we have to make cuts to just about everything, including the sacred cows, and raise taxes. Neither is popular, so nothing will get done. I suggest everyone buy some stock in BBQ sauce and sunscreen. It's gonna be a bumpy ride.
I was thinking the same thing about their apparent willingness to let things go over the cliff. That way, they can still do nothing while something actually happens. While they fiddle, the automatic spending cuts and tax increases will occur, and each side can blame the other for the pain felt by anybody. Both sides might actually see doing nothing as a "win-win."
Unions are killing American jobs. What's your opinion on this?
"I sure hope that's not whats being planned, but it wouldn't surprise me".
I will be surprised if anything other than exactly that happens.
We have strayed so far from the constitution and ceased to function as our founding fathers intended that total collapse seems inevitable to me.
The Republicans won't give up anything regarding defense and the Democrats won't give up anything regarding welfare.
Together they have given us the worst government that we have ever had I think for close to thirty years now.
What frustrates me the most is that the effects of the fiscal cliff will not be borne by the people that are failing to stop it. Their wallets will continue to runneth over while we search for any means possible to get by. I wish there was some way for me to stop paying taxes of any kind until they demostrate the ability to spend effectively. It is so ironic that we pay congress to take even more money out of our pockets. So far the obama camp solution is to tax the higher earners. I am in no danger of being that entity as I venture to say that al lot of us are not part of that demographic eithier. which leads me to pose the question, Is this the big answer to avoid that plunge? Lest we not forget that "entitilement" program fleecing. Ironically the programs that are being considered are programs that tax payers contribute to.
All programs that the taxpayer is vested in finacialy unlike welfare and like social programs that are financed with the money that is proposed to be reduced to actual contributers. Its a crime that we all are about to be victom to. The coup de gras being that the legislators that failed to pass anything viable are not affected.
Fox news on Obama Care taxes according to the IRS.
The other day, New Jersey joined 21 other states in refusing to set up state-run exchanges to facilitate ObamaCare. Supposedly, without these exchanges "the whole law falls apart," according to a CATO Institute spokesman. I can't see how the fiscal cliff cuts -or whatever compromise they might come up with - PLUS the cost of ObamaCare can do anything other than pull down the economy for at least the remainder of Obama's second term.