Quote:
Originally Posted by t walgamuth
The trick is to keep the economy improving. Doing anything that upsets consumer confidence will hurt the economy. They need to agree to something and move on.
Or go over the cliff. The suspense is killing me. 
Not really. |
We need annual growth in the 4.0+ % range to even start to turn things around. When will that begin?
Till then, we still sink, but less quickly.
"We're cutting the deficit" Whoa Nellie.
BFD.
"We''re adding 1.6 trillion in new revenues over 10 years." BFD. 160 billion a year? Halleluhiah! ( Oh wait, you want more stimulus spending ? So, were' not gonna get 160 billion in deficit reduction next year?
)
If no deal is reached, come 1/1/13 lower & middle class wage earners get a double whammy. Higher old tax rates restored and the 2% FICA holiday expires. Why should the middle class get a pass. Everyone who has skin in the game should pay more.
Having already stuck the "rich" with the 3.8 %medicare tax on NII and the 0.9% additional medicare tax on earned income the president says no deal without more taxes...another 3.6% on the "rich"
Fiscal and tax policy in this county is a joke.