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Fiscal Cliff: Are we going over?
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We will go over the cliff. The Bush cuts expire. House and Obama agree on a tax cut on the new rate that will bring taxes back to the level that were. Income limit will be between 400k and 1 million dollars. Other parts of the deal will be limiting some tax breaks. Extending the age to 70 to collect Social Security. Limits on Medicare.
This will give both sides the right to declare victoryComment
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not quite. they will agree to another panel to make recommendations on changes to social security and medicare.We will go over the cliff. The Bush cuts expire. House and Obama agree on a tax cut on the new rate that will bring taxes back to the level that were. Income limit will be between 400k and 1 million dollars. Other parts of the deal will be limiting some tax breaks. Extending the age to 70 to collect Social Security. Limits on Medicare.
This will give both sides the right to declare victoryI'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.Comment
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You pay into it. It's your money.
Besides...
Country First.
We're all in this together.. aren't we?
For the "record", I think there will be absolutely no changes to SS or medicare. Bush tax cuts will FINALLY be allowed to expire as Bush intended (or was it a lie).Last edited by Tom_PM; 12-27-2012, 07:38 AM.43-922-863 Shut up and play your guitar.
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I like turtles..Stephen Bugbee
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It's our money that we paid into it. It's not welfare. The only reason it's even broken is because the Govt keeps using it as their personal bank account. This more than anything should piss everyone off.Last edited by crockett; 12-27-2012, 09:10 AM.In November, you can vote for America's next president or its first dictator.Comment
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me 3
but only cause i didnt like the "we are doomed" part of voting for no deal done..
i think it might actually be good for the country to go over the cliff.
spending will be cut and taxes will go up, there you have it - really what we need to get out of the debt crisis.
buckle up."Obscenity is whatever gives the Judge an erection." -- Author UnknownComment
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on the radio this morning they were discussing the global impact of the cliff and how other nations perceive the financial threat.
one thing they said was the world was looking to the US for leadership, and this "non solution" was not sending a good message.
i could not help lolling over the leadership comment, its been a long time ago since the world looked at US for leadership."Obscenity is whatever gives the Judge an erection." -- Author UnknownComment







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