ObAMACARE is coming and it will affect EVERYONE regardless of income. Open your wallets – BOHICA!
How soon does everyone forget! – especially the mindless drones of the DEMOCRATS and the WHITE HOUSE.
There is more to come! Remember, “we have to pass the healthcare bill in order to see what is in it” – the former (fortunately for us) speaker from Haite-Ashbury.
UPDATE, by Mark Noonan: A good point…if we let taxes rise then we’ll essentially just be sticking Americans with the bill for President Obama. Obama cruised to re-election partially because taxes remained low while Obama went on a spending binge. Now we have a chance to square accounts and let people know just what Obama and his Democrats are costing…and that might make people think differently in 2014 and 2016. People thought that Hope and Change meant free stuff…well, it did…until now.
UPDATE II, by Mark Noonan: One of the alleged worries about going over the fiscal cliff is that the mandated cuts in spending will force us in to recession. One can only believe this sort of idiocy if one believes that government spending got us out of the Great Depression. Of course, any reasonable observer of what happened – ie, the Great Depression continued in unabated force as both Hoover and FDR ramped up government spending – knows that government spending didn’t do a darned thing to help the American economy. And its not doing anything to help, now – in fact, by grossly misallocating resources based upon purely political considerations, its likely making the economy worse. For those, however, who want to persist in thinking that the spending cuts will harm the economy, here is a report showing that the “multiplier effect” of government spending is zero.
As for me, I believe we re-entered recession some months ago…and we’re back in recession because government tax and regulatory policy has crippled America’s productive capacity. Here’s a news flash: if you don’t make, mine and grow as much stuff as you used to, you won’t be as rich as you once were. Period. End of story. The fix lies in changing the tax and regulatory stance of the government to be pro-growth…and to cut spending so that we don’t have a complete financial melt-down spinning us in to decades-long recession.
UPDATE III, by Mark Noonan: The NY Post has an article about people, once told how much their taxes will rise, are getting upset. Good. Given that the biggest bite will be among people who live in blue areas of the country, it is only just that they pay the piper for their absurd vote for Obama. Oh, to be sure, it’ll hit me, too…but I live in a low-tax State and so I’ll be hit less than New Yorkers and Californians. Boys and girls, ultimately the 2012 election was all about the fiscal cliff – meaning how to deal with spending and taxes to deal with the gigantic bill Obama and his Democrats have run up since 2009. That people preferred to concentrate on how mean Romney was because he was rich or wanted to talk about their lady parts or worried that birth control wouldn’t be “free” is not my problem…here is reality: we’re broke. Obama has bankrupted the United States – and its either take a huge hit in taxes or give up the free stuff. Pick one.
even the 47% who pay no federal tax? say it aint so joe…
Politicians in general, and Leftist politicians in particular, tend to take an overly simplistic approach to taxes. The two areas of tax policy that are often overlooked or ignored completely are the compliance rate and compliance cost. Both are inversely related to the tax rate and tax complexity. Even the Russians understood this when they went to a flat tax a few years ago, and compliance rates and tax revenue shot up. But the average American has been indoctrinated to understand fairness rather than efficiency, and, of course, to half the population, fairness means not paying any federal income tax. Only in America could the half not paying taxes have any standing in criticizing the half that pays all the taxes, and the 2% that pay nearly half the taxes.
It is a shame that this will be the first generation to lay the burden of governance on the following generations. Generation Giveme, giveme, me,me,me.
It will be laid on the next generation but I don’t think we’re going to get off scot free…
Did not imply many of us who chime in here but the ‘Takers’ of this society. I would hope we (this generation) could pay for the bitter pill we have already taken.
Harry Reid’s latest statement on the fiscal issue in response to McConnell’s offer:
In the meantime, I will continue to try to come up with something.
Knowing that this POS hasn’t even submitted a budget in over three years, what do you think the chances are of him getting anything done?
What a complete waste of flesh he is.
You usually do not post smut. Do not do so again.
al Uboma following his plan, cloward-piven…..right over the cliff.
You usually do not post smut. Do not do so again.
you trying for my place boy?
My apologies, Dear Honorable Moderator.
* I bow to you*
what do you think the chances are of him getting anything done?
by fiat of course, bypasses congress and issues EO to raise federal employees salaries.