Quote:
Originally Posted by Minte
I don't know that I agree with you on the timeframe. Whether it was *little theater* or not is only the sidebar anyhow. What they passed was absolutely shameful. The deficit reduction will barely keep the country going for 36 hours. I am going to be paying more tax now, What I did this morning was give myself a 6% raise. Then at the end of this month, we will have a small across the board price hike on everything we make. At the end of the day, it's still the middle class that will pay more. I was listening to the news last night and the economists are clearly concerned about another drop in the bond rating. I don't know enough about it to even understand the ramifications. But if it's anything like my company's D&B rating, if we drop even a little it's more difficult to buy,sell and borrow money.
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Years ago I used to deal with D&B quite a bit. Companies routinely stalled on sending them the data needed to keep their rating current... to the point where I have seen companies stall off an entire bad year and then send the better year following to maintain higher ratings. I don't know if they have tightened much in the last several years but back in the day it was very easy to work around it. The bond rating of the US is even easier to work around. Nobody seriously thinks the US will default on its debts... at least not yet.
You still seem to think your situation is 'typical' of the people in the 1% but unfortunately it isn't. Anyone making their money on carried interest and dividends by pushing paper rather than building equity and actually producing something had their taxes unaffected entirely by this 'deal' whether they make 400K per year or 400M per year. The guy who makes 410K won't be hit hard, his taxes are the same on all but the last 10K he earns. This is the billionaires and post-nationalists continuing to piss on the millionaires and people who actually do create jobs in this country while blaming poor people for voting either way when both 'sides' are owned by the exact same oligarchs.
