Quote:
Originally Posted by Minte
Yes, and I expect Santa Claus to leave me a new Gulfstream in my hangar.
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Then why the hyperbole? Deductions will likely get capped, the Buffet rule in some form will be adopted and pending cuts of an about equal amount will also get passed (mostly from the military sector). Then both 'sides' will claim victory. Nothing outside the known universe is about to happen. The fiscal cliff is the 2012 version of Y2K and the media is juicing it for ratings more than anything else.
The real issues that need to be addressed, like: means testing for SS and a possible age increase, shortening the work week to 4 days to promote greater employment, 'stay home tax credits' for one parent per household, etc etc etc are not even going to be addressed in this round of negotiations. We have a population 10-15% larger than we need and that number will continue to rise as a basic function of how technology works. Until that problem is addressed all the rest is a big dog and pony show.