<<< Sorry folks, the
fiscal cliff disaster has past the point of no return, regardless of
whatever the headlines of this week say.
The Democrats love to ask this question: "If the
GOP is not going to raise taxes on the rich, how are they going to pay
for the money lost in that move?" You should know that the
Bush tax cuts for the rich, totaled a nominal $700 billion dollars over the course of ten
years.
I have a better question and it is the Democrats who should
be asked (as in "hounded) this question: "If you are not
going to raise taxes on the middle class, how are you going to pay for
that 'lost' income ?" Understand that the Bush cuts to the middle
class totaled 3.8 trillion dollars.
Point of post: Here is the critical fact central to effective
spending cuts: if the congress is not talking about cutting 4.5 trillion
dollars over the course of the next ten years, it are lying to the
American people and setting the American citizenry up for one of the worst
financial disaster in world history and, that is not hyperbole.
That
"4.5 trillion" number comes from adding the totals in tax savings for
the "rich" and Obama's version of the "middle
class." If the question is legitimate when asked about 'lost' income
from the rich, it certainly is legitimate when asked about lost income
from the middle class. While the Dems have busied themselves buying
votes ad infinitum , their long term intentions are to wait on the necessary cuts
to Social Security and Medicare until the ceiling caves in around us,
and, in that event, they are hoping to have positioned themselves
to continue their blame game, and turn the coming disaster into a serious
electionary plus for them.
Understand that beginning in 2009, expenses for Social
Security have exceeded collections. In 2011, that deficit was in
excess of nearly 47 billion dollars
(jds-midknightreview / remember-obama-and-dems-telling)
. In other words, Social Security is already broke and,
apparently, readers of this Review are the only folks on the face of
God's green earth who are aware of this fact.
As far as Medicare is
concerned, it now totals 42 trillion in unfunded liabilities.
As of the 2012 election, we now have an electorate that
cares not for the facts of this matter. They don't care, because
they believe that they will be allowed to further gut the system without
penalty as they follow the lead of Progressive leadership, and continue
to decimate the business community in this country.
Sadly, there may no cure for selfish and stupid,
when the two are combined for the purpose of gaining a political edge.
__________________
After it is all said and one, we cannot cut or tax our way to safety. This article in Forbes, gives us a clear picture why the "tax and cut" will not work, if it stands alone and the "solution."
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