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To: tobyhill

We are leaderless, however the automatic spending cuts would be beneficial. The tax hikes would not but only if they last. I don’t see why leadership is necessary at this point, let the cuts and hikes take their course. Do nothing to stop it.


12 posted on 11/07/2012 4:00:35 PM PST by palmer (Jim, please bill me 50 cents for this completely useless post)
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To: palmer
We are leaderless, however the automatic spending cuts would be beneficial. The tax hikes would not but only if they last. I don’t see why leadership is necessary at this point, let the cuts and hikes take their course. Do nothing to stop it.

What you're suggesting is immediate automatic tax increases that will be permanent. The so-called "Bush Tax Cuts" are a temporary thing that has now lasted 10 years. Somewhere in all the noise about "tax cuts for the wealthy" a few simple facts were lost.

1) We have not had an across the board tax cut since 2003.
2) Those tax cuts are now the current tax rates. Have been for 10 years.
3) Left alone those tax rates expire in Jan. We get a defacto tax increase and 0boober doesn't even have to vote on it. A progressives wet dream.
4) One big reason for the length of this recession (aside from Bam Bam's destructive policies) is uncertainty in the tax code. Every few years we go through the kabuki dance of "letting the tax cuts expire" only to have them extended another few years. That's no way to run a first-world business economy, but it's the norm in the turd world where taxes go up at the whim of the dictator.

Finally.... Any spending cuts are going to be smoke and mirrors, cuts in the rate of growth ,except probably in the case of the military, those will be real and hard hitting.

33 posted on 11/07/2012 4:28:05 PM PST by YankeeReb (The future must not belong to those who slander the prophet of Islam.” B.H. 0bama)
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