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FYI..Greece, after 5 years of teetering at the cliff of collapse has been downgraded yet again.
Now we know what comes after "junk"...."selective default". That's the first time I've ever seen that.
That means Greece is paying most of their bills and has let one class of obligations fall by the wayside and not get paid.
Greece is circling the drain folks. They are the canary in the mine here.
So, here we are talking about the bad rich guy, that those that are in fear of losing their handouts, want to strangle, with the boot putting more pressure on the throats, of those that have been successful.
It pays for 8 days of bloated federal government and those freebies. 8 days.
So, all that capital is taken out of the free market, where the cash is distributed around to the people that work.
I don't see revenue as the problem. What about the 357 days left of the year? Are they going to tax you and me more to pay for it? Sure they will. Look at all the taxes and fees you pay today, on top of Federal income. That is at the state levels too.
The big tax you don't see. QE-1, QE-2, QE-3, QE-4 and the 16 trillion Bernanke printed up for Europe. Yes 16 trillion. That is more than our debt.
Cost of living in the past 4 years is up 40%.
Real unemployment, at the largest % of the population, since the 1930's.
Where are the cuts in the spending?
Remember, Ron Paul was the only one that would have had the balls to get the budget in order.
Obama wants to double down.
Because it will be just the first round. Next Obama will want 45 percent . Letting the Obama approved tax cuts expire are just phase one of punish the rich
Tax rates need to go up, loopholes need to be closed, Cap Gains tax needs to go up, spending on Medicare/Medicaid needs to go down, spending on Military needs to go down ... if the Repubs didn't want sequester, why did they invent it?
Tax rates need to go up, loopholes need to be closed, Cap Gains tax needs to go up, spending on Medicare/Medicaid needs to go down, spending on Military needs to go down ... if the Repubs didn't want sequester, why did they invent it?
Why did the Dems and President approve it ?
If Congress did the job they are supposed to be doing we would even have this fiscal cliff to deal with.
No tax, no cuts but plenty of spending.
Not even the proposals seem viable. Neither Congress nor the President want to deal with reality.
Their proposals don't even put a dent in the problems we have today that are just growing each time we kick the can down the road.
Tax rates need to go up, loopholes need to be closed, Cap Gains tax needs to go up, spending on Medicare/Medicaid needs to go down, spending on Military needs to go down ... if the Repubs didn't want sequester, why did they invent it?
"What the president said is not correct," Woodward told Politico on Tuesday. "And it's refuted by the people who work for him."Follow us
In his book The Price of Politics, the reporter who gained fame from the Watergate scandal outlined that it was White House Office of Management Director Jack Lew and Legislative Affairs Director Rob Nabors who took the sequestration proposal to Senate Majority Leader Harry Reid. They also presented it to House Republicans.
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