Economy

golfguru

(4,987 posts)

10. Going over the fiscal cliff (FC) would be good in the long run

Reply to skippercollector (Original post)

Mon Dec 31, 2012, 02:16 AM

Dec 2012

First, it would get rid of Bush tax cuts for the rich. The rich will pay far more in taxes than middle class increases.

Second, it would significantly reduce military spending. Why are we spending 10 times more on military than any country in the world? Why are we borrowing money from the Asians to protect oil flowing to Asia from the middle-east?

Third, the cuts in spending are non-discriminatory. Every department of the government gets equally cut. No favoritism!

Lastly, our debt and future liabilities are out of sight. Here is a great article by M. Zuckerman
who is no right wing ideologue.

http://www.usnews.com/opinion/mzuckerman/articles/2012/12/28/mort-zuckerman-brace-for-an-avalanche-of-unfunded-debt

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13 replies

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Highlight:

dumb question about the fiscal cliff [View all] skippercollector Dec 2012 OP

first they are two different events and NMDemDist2 Dec 2012 #1

Hmmm... Rider3 Dec 2012 #2

I'm ready to go over. mbperrin Dec 2012 #4

. Prometheus_unbound Dec 2012 #3

wrong. the Bush era tax cuts for everyone ... Blackhawk44 Dec 2012 #5

Fine Prometheus_unbound Dec 2012 #6

Reduced demand from immediate cash could be made up mbperrin Dec 2012 #11

Taking a stab at it Yo_Mama Dec 2012 #7

Sausage. hay rick Dec 2012 #8

thanks skippercollector Dec 2012 #9

Going over the fiscal cliff (FC) would be good in the long run golfguru Dec 2012 #10

I'm back! skippercollector Jan 2013 #12

Social Security payroll tax holiday did not affect the Social Security Trust Fund at all progree Jan 2013 #13