Skip to comments.My Plan to Avoid the Fiscal Cliff
Posted on 12/01/2012 4:57:43 AM PST by deaconjim
President Obama just sent Mrs. Geithner's little boy Timmy out to insult the GOP with his LSD inspired plan to avoid the so-called 'fiscal cliff', so I thought I would offer up my own plan since the Republicans don't seem to feel the need.
My plan consists of two parts, one for raising taxes, and the other for entitlement reform.
The President is bound and determined to "raise taxes on the rich", despite the fact that doing so will
a. not do anything to address the deficit problem, and
b. hurt the economy thus reducing tax revenue coming into the treasury.
He insists that the American people want these tax increases, and that the rich can afford higher taxes and really do want to pay them. If he genuinely believes this to be true, he should have no problem with my plan.
(Excerpt) Read more at jamespwillis.blogspot.com ...
At the same press conference, announce it is now up to the democrats to make all necessary spending cuts to balance the budget - because there will be NO INCREASE IN THE DEBT CEILING COME FEBRUARY.
Excellent plan...I like it...don’t think the pubbies have the spine to do it...
They just laugh and look like idiots...
Here’s another plan. Instead of trying to avoid the fiscal cliff, the Republicans let it happen.
The big question becomes, “And then what happens?”
Well, to start with, there are tax increases, automatically. But truthfully, these tax increases have already been taken into account by Wall Street, *and* it will be a stern reminder to taxpayers who voted for Obama that they screwed up.
But what about sequestration? That is, the fiscal cliff also includes pretty massive *spending cuts*.
“The Department of Defense could stand to lose an additional $500 billion, or 10 percent of its overall budget.”
This is the one the Republicans most object to. But practically speaking, a 10% weight loss plan on the Pentagon is not going to cripple the national defense.
“Almost every program in the U.S. Department of Education would be cut by 8.2 percent.
Okay, that’s not just good. That is *very* good.
“Programs aimed at *equity*, including those for disadvantaged kids, funded at $15.75 billion would be cut by almost $1.3 billion. And special education programs, funded at $12.64 billion, would be cut by about $1.03 billion..”
“Medicare payments to *providers* can only be cut by 2%, so this means fewer doctors willing to treat Medicare patients.”
Most of these cuts will be attributed to Obamacare.
“Approximately 700,000 young children and mothers would lose nutrition assistance, and more than 25,000 teachers and teaching aides would lose their jobs.”
So, some cuts to Food Stamps and a bunch of NEA members get punished. I can live with that.
“Non-defense spending for all sorts of government programs will get an estimated 15% cut.”
Now that part I absolutely adore. Here, here!
Other hits to Agribusiness subsidies (like ethanol and price controls), the USDA’s authoritarian programs, the Food and Drug Administration’s authoritarian programs, and a bunch more.
But “the federal bureaucracy” takes a great big hit. One of the secrets of the Obama administration is that it has been hiring federal employees right, left and sideways. And many of them are soon to be out of a job.
Add it all up, and excepting the tax increases and the defense cuts, the rest of “going off the cliff” are *almost* like a negotiated settlement, were Obama and the Democrats to actually negotiate.
Conservatives get a better deal with going off the cliff than we possibly could if we did not.
The problem is that the idiot Republicans let themselves be maneuvered into a position where the biggest threat they can hold against the Democrats is to raise everyone’s taxes and gut the military.
The Dems, on the other hand, would channel Br’er Rabbit and respond with “please, Br’er Fox, don’t fling me in dat brier-patch!”
I continue to be amazed (don’t know why I can still be) at just how spineless the stupid partiers are...
Oh but there is 1 little problem -
the 47% who don’t pay taxes and scream for taxing the 1%, want to take other people’s money for themselves;
they will gladly accept all the ‘voluntary’ charity from any willing donors, but they will not be satisfied unless the gov tax these generous people again to redistribute to them again, never mind the debt....
My prediction is that these are going to come down to midnight votes on Christmas Eve and New Years Eve. It worked for Woodrow Wilson.
I’m sick of politicians. They always have a “plan.”
Bullfeathers. Their plan got us into a mess, and then they say they have a “plan” to fix it.
Just stop messing with the world and it’ll fix itself. Go away. Get lost. Get another job.
Too complicated and allows the House to continue with the abdication of their fiscal responsibilities.
I suggest an immediate fifty percent reduction in all expenditures, including federal checks of any kind for everyone in the country or out of the country for that matter. As I see it that would stop the borrowing, and limit spending by 50 percent.
That is just the beginning.
The tax cap could be the Clinton years tax rates, and being reduced from there as reality and budget comes together.
Budget would be produced based on the fifty percent reduction.
The House would have to explain why, although anyone with a brain should know.
The Senate could get on board by agreeing to the budget or at the very least approving a budget resolution which has been missing along with the budget for at least three years.
While the pain sets in, those outside the beltway can get busy making soup, because in the short term, reality might be a bit of a shock.
The status quo is not the way to go. Drastic measures for drastic times and consider oneself extremely lucky that it is only fifty percent.
Short term everyone suffers the pain, but long term must include weaning of ALL unconstitutional spending, and all unconstitutional bureaucracies. There will be lots of talented bureaucrats looking for real work instead of harassing the American people to death.
You're such a racist.
Well of course, I’m a white male and conservative. I’m racist because I exist.
The reason the Clinton years are getting so much press is the progressives were just wetting themselves with the perception of Nirvana, until their present savior came along with Utopia.
Ultimately regulations will be done away as they are strictly bureaucratic. EPA, and a host of alphabetical agencies to include but not limited to FEMA, BATFE, and all their oppressive regulations will be starved to death by a House that refuses to fund nor has the ability to fund, nor the constitutional mandate to fund their oppressive organizations.
Big talk I know, but if the house continues to NOT do their job all is lost unless the individual states can somehow do the job. Far easier for the House of Representatives to halt the spending, than kicking that can down the road because they just can’t seem to exercise their testicles.