Taxes aren’t being raised but returning to where they were before the tax reduction from Bush and Obama. There was a deal to reduce the deficit over ten years which isn’t much when you get down to it. 150 billion a year for ten years. That will pay for both wars the republicans forgot to pay for but put it on plastic and charged it. Then there was the world economic rescue. This saved the world’s banks from totally failing. So what is the media talking about? Is it just a metaphor? Is the media taking this too far? Is this like the ” Y2K ” hype? Remember that where they said planes were going to fall from the sky. Banks would be broken and not be working and you couldn’t use your ATM cards. Why aren’t they talking about jobs? Too many right to work states and not enough unions. Where is the problem, is it the lobbyist passing out tons of money to congress and senate and spreading cheer and myths about government? They are saying, Raise the age for Medicare. This would save around 100 billion at the end of ten years but the people getting sick and coming onto Medicare would be in worse shape costing Medicare more over all. When people retire they are pretty much used up. I was forced into retirement because of my medial shape, I was used up far before my time. Without Medicare and Social Security I’d be living under a bridge some where.
Let the “Fiscal Cliff” be permanent. It’s going to cut funds to the military industrial complex. Taxes will be back to where they were back in Clinton’s days when the economy was doing fine and making jobs and there was a balanced budget. As Clinton was signing one of his budgets he said, “this will make sure the budget is balanced for the next 25 years.” Then Bush came around and cut taxes for the rich which was back loaded so the longer it went on the more they would get mainly because of the tax breaks such as capital gains and other deductions that the poor and middle class can’t take advantage of.
Why is Obama trying to deal now when the republicans only want tax breaks for the rich. It’s not just lower income tax but a whole line of breaks they get. Why hasn’t anyone said, Lets tax those people on Wall Street when they buy things. A sales tax on stocks and bonds and other financial instruments. When you buy anything you have to pay sales tax except for those rich people who caused the problems we had in 2008 and afterwards till now. I heard is they were taxed 1% it would add up to hundreds of billions a year.