"Regime Change
Will Be
Necessary”
click.jpg

Wednesday, December 05, 2012

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.
Bookmark and Share
posted by Epaminondas at permanent link#

4 Comments:

Blogger LL said...

I think that the great unwashed would be thrilled if all of the money and property of those making $250K or more was liquidated and thrown into the trough for them to feed from.

Wednesday, December 05, 2012 11:53:00 pm  
Blogger Epaminondas said...

Even if that does NOT hurt the economy...what happens when it is discovered it has does nothing? What happens if the best case is true... we threw a thimble of water on a house fire? What will Bronco shout to the mob then?

Thursday, December 06, 2012 1:06:00 am  
Blogger Always On Watch said...

Epa,
a thimble of water on a house fire

That's why the GOP should back off and let Obama have his way. For the GOP to do otherwise will only serve to harden opposition to any opposing Obama.

What a helluva mess we are in!

Thursday, December 06, 2012 11:13:00 am  
Blogger Epaminondas said...

I agree, The GOP needs a leader who can stand up and articulate that they are going to give the elected president JUST WHAT HE WANTS in deference to the american people, and call attention to the fact the THEY expect he will keep his word on on spending and tax reform, and that should be the lockstep set of words on EVERY SUNDAY NEWS SHOW FOR WEEKS.

I can't help the feeling that with Dick Armey and Demint BOTH gone something is going on in the backroom of plans

Thursday, December 06, 2012 5:04:00 pm  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home