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humbled_opinion

(4,423 posts)
19. I agree but the revenue
Mon Dec 10, 2012, 11:30 PM
Dec 2012

that you get by taking the upper income earners back to the 39 percent Clinton tax rates will nick the deficit by about 80 billion a year, this is impossible math if we continue to run deficits of 1.2 trillion this tiny tax increase means nothing. Personally I think both parties understand this and this posturing is going to ensure that all of the tax rates for all 100 percent of those that pay taxes goes back to the Clinton tax rates that in fact would raise enought to at least cut the deficit in half but it will hurt the lower income people and middle class the most, i.e., I would have to cut out something if my taxes go up 5 percent as I am barely making it now, if I am the micro scale than seen on the macro this will definately hurt the economy.

As for the DOD Yes sure Sequestration is a good start but again the more you take out of DOD the more jobs go away defense contractors, Civil service and active duty cuts all result in more people on the unemployment line, applying for EBT, Food Stamps and section 8 housing..... and all that money is added back to the deficit...

In any event I think we are going to get royally screwed one way or another and on top of that they will ultimately raise the SS and Medicare retirement age and probably force us all to pay more out of our checks for the Affordable Care Act....


Of course cut back far enough and raise taxes enough and you will eventually be able to bring the deficit down yeah broken on the backs of the middleclass and poor, something that I VOTED against...

Keeping my eyes open...

Peace!

Not winning the election didn't matter to them, proceeding as planned with a megaphone of fear. Avalux Dec 2012 #1
Absulutely Time for change Dec 2012 #2
Although you must agree that humbled_opinion Dec 2012 #11
And if we femrap Dec 2012 #14
I agree but the revenue humbled_opinion Dec 2012 #19
OK - let's forget going back to the Clinton tax rates for the super rich jcgadfly Dec 2012 #28
Now your talking about something that humbled_opinion Dec 2012 #30
When I look femrap Dec 2012 #31
Actually, some rich people Time for change Dec 2012 #32
Well technically they took advantage humbled_opinion Dec 2012 #33
They did a lot more than that. Time for change Dec 2012 #35
Yes, I femrap Dec 2012 #34
One trillion a year means that truedelphi Dec 2012 #15
I applaud your concept but humbled_opinion Dec 2012 #20
Please let Jn Stewart (or his staff) know the numbers he truedelphi Dec 2012 #24
Absolutely not Time for change Dec 2012 #16
When a countries debt humbled_opinion Dec 2012 #21
The question before us is how best to handle our current situation now -- Time for change Dec 2012 #22
not only the msm but the President himself ??? rtassi Dec 2012 #6
Yes, I know. Avalux Dec 2012 #9
Well, he also refers to "Clean Coal" rtassi Dec 2012 #17
kr HiPointDem Dec 2012 #3
very good post Angry Dragon Dec 2012 #4
Fuck this compromise. OFF THE CLIFF! NT Pryderi Dec 2012 #5
Rep Clyburn on MSNBC is saying, "Let's meet half way" - meaning 37% nt Pryderi Dec 2012 #7
The Chart NewYorkTaxPayer Dec 2012 #8
It's from "The Nation" Time for change Dec 2012 #12
This post is a great reference point... humbled_opinion Dec 2012 #10
Spot on as always. go west young man Dec 2012 #13
This "fiscal cliff" is all shock doctrine garbage gollygee Dec 2012 #18
Always a recommendation for your articles. Egalitarian Thug Dec 2012 #23
The absence of a progressive voice in our government... kentuck Dec 2012 #25
It is almost like they think we are stupid. aandegoons Dec 2012 #26
In my opinion it's not so much that they think we're stupid, as Time for change Dec 2012 #27
It's just more for them and less for us.Until we break that cycle nothing is ever going to change. Initech Dec 2012 #29
Latest Discussions»General Discussion»The “Fiscal Cliff” Scam t...»Reply #19