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What % of this year’s deficit will be closed by raising rates on those who earn >250k?
You are one of those 67% who support raising the tax rates on people who earn over $250K?
FINE
What else are you prepared to do? Because while we can argue about whether those people paying more taxes will invest less, spend less, and do less thus CUTTING FEDERAL, STATE, and LOCAL TAX REVENUES, this will only close the deficit gap by a TINY percentage.
Will you consider raising the retirement age to 70 for those 45 or less over the next 15-20 years?
Will you consider raising the Medicare age for those less than 55 to 67?
Okay, NEITHER of those will affect the deficit this year?
ONLY ONE THING WILL AFFECT THE DEFICIT THIS YEAR.
GROWTH.
What are the leaders doing to spur MAJOR, IRREVERSIBLE GROWTH THIS YEAR?
Geithner: Ready to Go Over ‘Cliff’ If Taxes Don’t Rise
Treasury Secretary Timothy Geither told CNBC Wednesday that Republicans are “making a little bit of progress” in“fiscal cliff”talks but said the Obama administration was “absolutely” ready to go over the cliff if the GOP doesn’t agree to raise tax rates on the wealthy.
“I think they’re making a little bit of progress,” Geithner said. “They’re clearly moving and figuring out how to try to move further.”
But Geithner said the White House would “absolutely” go over the fiscal cliff — triggering over $600 billion in automatic spending cuts and tax increases — unless tax rates increase on the top 2 percent of wage earners.
So if they don’t get what they want, a demagogic tax rise of ARGUABLE effect, they will hurt EVERYONE.
Why?
So they can blame the republicans for the 2014 elections?
Be careful what you wish for Bronco.
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The Deal ? Maybe The Answer Is To Boycott The Next 2 Election Cycles
The news is now filled with portents of a ramp over the fiscal cliff.Instead of increasing the tax rates on those making $250k or more, it’s $400k.INCREASES in spending would be cut by about 10%. How? Well one way is to reduce the increases in social security...
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Reuters Poll:budget Cuts Favored For Reducing Deficit
Cutting government programs is favored as the way to reduce the budget deficit by more than twice as many Americans as those who favor raising taxes, said a Reuters/Ipsos poll.In a result that has held fairly steady over the past five months, the poll,...
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AP FACTCHECK: 'The wealthiest people in America pay a lot more taxes than the middle class'... So, Barack Obama's main issue, the truth of his most oft-repeated line (other than "I am unprecendented") CRUMBLES LIKE A HOUSE OF CARDS. Isn't...
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Wtf???
MSNBC: McConnell proposes giving Obama debt ceiling power Increase would take effect unless House, Senate enact legislation disapproving it WASHINGTON — The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new...
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How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
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