posted on Nov, 14 2012 @ 01:15 PM
I am sick of all of the scare tactics regarding this "fiscal cliff". As of Jan 2013, taxes will go up and spending will be reduced by $110 billion
dollars for fiscal year 2013. Well, in order to reign in our deficit and the national debt, both of these things need to happen, so I don't
understand what the problem is here. Here's some perspective... the first month of the fiscal year is October, and the deficit just in the month of
October 2012 (FY 2013) was $120 Billion, which is more than all of the spending cuts that this "fiscal cliff" brings with it. This fiscal cliff is
the result of the Republicans in Congress making a deal with Democrats and the President the last time the debt ceiling was raised, so this "fiscal
cliff" is by design, and now is being used to scare the sheeple with gloom and doom.