posted on Dec, 31 2012 @ 12:41 PM
How many here WANT to see us go over it? So what if I pay more taxes, I don't care, and we need both increase in taxes, and more importantly a
reduction in Government spending. The Fiscal Cliff does both and I'm hoping it hits hard...very hard.
What would this do in the long term?
Though I do believe in reduce taxes for economic growth, and just looking at the State level of States that have high taxes to low taxes we can see it
does work. High tax States are dying a slow death and low tax States are doing well.
With that said, I think America needs a personal wakeup call that PERSONALLY affects each and every one of us. It seems a large portion of America
votes for what they can personally get out of the deal and who cares little to things like 16 trillion dollar debt THAT is growing at an exponential
PEOPLE JUST DO NOT CARE!!
Well when it actually hits home hard, as in one's pocket book with increased taxes, reduced subsistence, and huge inflation to the cost of basic
living expenses, I'm almost like a little kid waiting with anticipation.
We are talking BUSH tax cuts and I'm sure every liberal spits after saying it, but let's move on to something else that actually fixes this mess AND
let EVERY American feel the pain of our Government's huge failures that Bush's tax cut band aids just put off for a short while the enviable.
Here is a example of good....
Do you directly or indirectly work for the government? If so, you’re set to be hit by the sequestration provisions of the Budget Control Act of
2011. That means about $1.2 trillion in cuts over the next 10 years, divided about equally between defense and non-defense provisions. Social Security
benefits and most assistance to the poor are exempt, but that means big cuts to the rest. Federal civilian employees, manufacturers of military
equipment, Medicare providers, and other government contractors will be hit hard. So will lots of service providers in the D.C. metropolitan area
whose incomes depend indirectly on federal funding streams.
edit on 31-12-2012 by Xtrozero because: (no reason given)