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Are we going off the fiscal cliff?

  • Thread starter Thread starter Deleted member 365
  • Start date Start date

Are we going off the fiscal cliff?

  • Yes

    Votes: 1 20.0%

  • No

    Votes: 4 80.0%
  • Total voters
    5
  • Poll closed .
One Brow said:
I have not checked. Was there a change in the capital gains rate or the estate tax? If not, I agree with you.
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To be fair, they did get 5% on cap & dividend income, and another 5% on estates over $5mm. But then they gave them $75bln in pork, and even worse, taxed the working poor to give to the non-working poor so they could:

--pay mortgage to the bankers
--pay utility bills to billionaires like Warren Buffett
--buy food from $130bln giant Cargill
--pay garbage bill to now billionaire owned trash companies.
--buy a couple gallons of fuel from billionaire Rockafellers

There isn't anything left over after measly unemployment checks are spent on essentials bolstering demand for billionaire products. Maybe they buy a couple six packs from billionaire Budweiser owners and a carton of smokes from billionaire Phillip Morris owners.

So yeah, we hit the ******** for 5% and then gave 'em 10% more. Again. We also screwed our mildly wealthy neighbors up the hill who are creating community jobs and paying the lions share of property taxes that support local schools, police forces, and municipal infrastructure.


Populists Unite!
 
https://abcnews.go.com/blogs/politi...r-coins-the-ultimate-debt-ceiling-end-around/

With President Obama having kicked off debt ceiling negotiations by vowing not to negotiate over the debt ceiling, a new option for paying off the nation’s considerable tab is gaining momentum with cheeky fiscal and monetary wonks.

It goes like this: Should Congress fail to extend the U.S. debt limit — reached again on Dec. 31 — the president could ask the Treasury to begin printing trillion dollar coins (in a process explained mostly seriously by Jim Pethokoukis on his American Enterprise Institute blog), a number of which could then be put toward fulfilling debt obligations in the event new legislation stalls in Congress.
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HAHAHAHAHAHA.
 
franklin said:
Alright, now that democrats got everything they demanded & the details are coming out, is there anyone here willing to defend Obama on this one? Far as I can find this is a complete fleecing of the middle class, mildly wealthy, and poor, and another payoff to the ultra wealthy.

I hope I'm wrong, and matter of factly did not care one bit about the tax side of this other than finding an angle to interpret the tea leaves with, but this bill is everything Obama campaigned against as far as I can tell.

Salty, Candrew, Rev9, if you want to take this one up I would salute the lengths you might go defending it. As far as I see it's nothing more than another giveaway to the very, very, very wealthy. Or, the Bush-Obama narrative.
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Yea, O wimped out , as I expected, but you are blaming Obama for compromising with Republicans.
You seem to be implying that without Obama , a Republican plan would have been less favorable for the rich. That is absurd.
 
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