Yes, it's official. Well, maybe I'm a couple of hours early but there is no deal to prevent the fiscal cliff and, as I predicted, the president wanted to go off the cliff anyway. Rather than extend the BUSH tax cuts, tomorrow he can propose the OBAMA tax cuts. And amazingly, he is going to cut taxes for people earning less than $250,000, just like he wanted.
These people were elected to resolve problems like this. The cliff was manufactured in Washington a year and a half ago. This is a government-created problem. Capitalism didn't do this. The private market didn't do this. The 'rich' didn't bring us to this cliff. No, it was government. And people wonder why I have so little faith in government.
What else is coming? I have heard that Obama will now demand tax increases - above and beyond what the cliff gives him - if he is to provide any cuts in spending. The spending cuts will be illusory but the taxes will be quite real. On whom do you suppose those taxes will be levied? I'm guessing the 'rich' still aren't paying their fair share. He's going to 'ask' them to pay 'a little more.' Ah, I love when government 'asks' citizens to pay taxes.
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