It's 10 days away from the Unites State's Fiscal Cliff. If we don't act quickly by the time New Years comes around we will have to make drastic cuts in every department laying off thousands and make huge tax increases on the middle class.
And all of Congress (The Legislative branch of the US Government) decided to go on break to celebrate Christmas! But only after they watched the movie Lincoln in a special Senate movie viewing session!
Thoughts?
best. congress. evar
- AIRburst95
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- christopher1006
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A new Congress is about to be sworn in and the fiscal cliff will be fixed in about 2 months.
Warren Buffet said something along the lines that The 'Us' could afford the tax hikes for 2 months.. and not to rush into an agreement on the fiscal cliff.. I tend to agree with these statements. I wish they would just do it now knowing this.. I'm sure the Irs and tax preparers would also feel this way. Though with most everybody doing their taxes with software now it shouldn't be too much of a problem.
Warren Buffet said something along the lines that The 'Us' could afford the tax hikes for 2 months.. and not to rush into an agreement on the fiscal cliff.. I tend to agree with these statements. I wish they would just do it now knowing this.. I'm sure the Irs and tax preparers would also feel this way. Though with most everybody doing their taxes with software now it shouldn't be too much of a problem.
- AIRburst95
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Jackdapantyrip wrote:A new Congress is about to be sworn in and the fiscal cliff will be fixed in about 2 months.
Warren Buffet said something along the lines that The 'Us' could afford the tax hikes for 2 months.. and not to rush into an agreement on the fiscal cliff.. I tend to agree with these statements. I wish they would just do it now knowing this.. I'm sure the Irs and tax preparers would also feel this way. Though with most everybody doing their taxes with software now it shouldn't be too much of a problem.
But this is the fundamental problem, you say two months and the new congress can fix it.
Two years ago when the current congress was being sworn in they said they could handle everything, they swore an oath not to raise taxes, and as we approached the debt ceiling we argued for days, effectively stopping the (unprepared) government for 2 days, we also saw our credit rating drop in the first time in our history.
The "fiscal cliff" is essentially the US saying "We can no longer continue to borrow money with no other forms of revenue besides taxes." It is set to happen at the end of the month. December 31, 2012; Not February 28th...
This is not something we can keep putting off, because is we do (even in two months) then we face huge cuts in spending and a massive tax increase for the middle class by the end of the year.
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