Listen for all the talk about “budget cuts” that will be coming in this “Fiscal Cliff Deal”. There will be no “budget cuts”, who do they think we are, stupid or something? Sheesh.
Tax rates will go up, and so will federal spending, the deficit, the National Debt, and certainly unemployment, but the only things that will be coming down are real tax revenues, and the GDP.
My heart is bleeding for the federal workers. At least they get a paycheck every pay period. Attrit, fire, and retire them and close out their posistions.
I’d bet money (if I had any) that these “cuts” are nothing more than a reduction in growth.
Don’t for get a reduction from a 8% increase to 7.999999999999999 is not only a cut, but a draconian one at that.