This fiscal cliff is a hoax. In fact, it isn't a cliff at
all. If left to occur, we would begin in January 2013 to gradually reduce
federal spending and increase taxes. I have been saying for two years that 2013
will be a tough economic year. Still, we are being inundated daily with
propaganda to make us believe the world would end if America were to do, what
Congress set up just two years ago.....Cut Spending and increase taxes. We
currently have a $16 Trillion national debt. Nearly everyone agrees we need to
reduce the national debt and the ONLY way to do this is to cut spending and
increase taxes. The Simpson Bowles Commission look at the problem and came to
the same conclusion two years ago. So if everyone agrees, and the Congress put
the automatic "fiscal cliff" in place....why not just do it?
Congress and Wall Street don't want us to cut spending or
increase taxes. They know their free ride will end and America will begin to
return to sound fiscal management. In their view a delay would be better. But
any delay only adds to the problem. Sooner [is better] or later [is worse] we
need to begin the National Belt Tightening that will reduce government spending
and increase taxes on the wealthiest Americans. There is no real reason to
wait. Waiting adds to the debt and makes the "pain" of cutting
spending later just hurt more. The people who are asking for a change in the
"fiscal cliff" law are only concerned for themselves. Look who is
doing the all the whining....Congress, Wall Street, Big Banks. None of these
groups are looking out for your best interest.
So, relax and hope that America does nothing. We need to
begin austerity programs now to correct stupid over spending....Two pointless
trillion dollar wars started by Bush, too many free government welfare programs
that paid people to sit at home and too many special tax deals for the rich.
