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Response to woo me with science (Original post)

Mon Dec 24, 2012, 12:21 PM

78. I say drive right off the "cliff."

 

The way I see it we have two options long term - either raise taxes or cut spending. The plans presented by both sides are just posturing. Neither plan comes close to solving the goal that it should, which is a meaningful reduction in deficits. Obama should be asking for an increase in capital gains taxes but he isn't. Instead he wants a 4.9% increase on incomes over 250k. It's a drop in the bucket, and chasing earned income is a losing battle, because it disincentives work.

IMHO, the only to float this ship that is our government is comprehensive spending cuts or tax increases on every man, woman, and child here. Quite honestly, the plan closest to approaching this is the fiscal cliff itself. It features tax increases on the rich and everyone else and big spending cuts too. The only thing missing is an increase on capital gains.

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LineNew Reply I say drive right off the "cliff."
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