Saturday, December 29, 2012

The Washington Post: Deal Said Near, But Getting There Means Deficit Reduction Walks the Plank

    Now they are saying a deal is within reach on the "fiscal cliff" but it sounds like the deal totally abandons the notion of deficit reduction in favor of the shiny ornnaments of so called middle class tax cuts and restoration of spending slated to be cut under 'sequestration'.

      No where is there discussion of the fate of the FICA payroll tax which is due to revert to 6.2.% after a couple years at 4.2%.....Just what did that reduction accomplish ?
     Now people who get a little year end raise from the boss will know it will all go to Washington. Those not in line for a raise will have to tighten the belt a little in 2013.
Agreement within reach on ‘fiscal cliff’ deal - The Washington Post

13 comments:

Anonymous said...

Amazing how reducing our spending in anyway is seen as being a dictator. In the end we will all pay for it in someway or another. The wealthiest likely own business's and they will raise prices to the end consumer and we will pay for it at the stores. At least they will shift the blame from the politician to the business.

Anonymous said...

The real fiscal cliff is when the big part of Obamacare kicks in this year. Say goodbye to jobs.

Anonymous said...

What's worse? Tax and spend Democrats....or....Borrow and spend Republicans?
We need representatives who will "Walk The Walk." Not "Talk The Talk."

Anonymous said...

Worse is Obama...he taxes and spends and borrows and spends at the fastest rate ever.

Don't forget that ever time a republican borrows and spends it is to "compromise" the way the libruls love so much. Newt is the only one that ever held out and shut down the government to get Clinton to act like an adult. Reagan's famous DOA veto helped a lot but in the end he had to cave and borrow a microscopic fraction of what Obama borrows.

Dan Francis said...

The focus is wrong - where is the top 2% going? Upwards as usual.

Anonymous said...

Whaaat? No serious deficit reduction? Say it isn't so. You mean FreeStuff won't take any kind of hit at all? Really? You mean Dannie will still get all his property tax breaks and free healthcare? Naaaaah. I never thought it possible. You mean no changes at all? The kids still take it their as..uh bottoms? Noooo. This is something I never expected from the Liar in Chief. But I just a betcha if ya took another vote, the 47% would stll vote in lock step with the Dictator. I just a betcha.

Mike Flynn 'Middle Class Mike' said...

"Congress Wages Undeclared 2nd American Civil War”.

Americans have a 2nd Civil War is in progress today. Instead of the Blue and Gray facing off across no man’s land, we have the Government (Govs) and those ‘Anti Govs’ who only wish to dismantle our government. It’s being fought with obstructionist strategies by the ANTI GOVS, instead of military ones, but the economic destruction of large parts of America is at stake with its outcome. This obstructionist ‘Anti Gov’ 2nd Civil War is fought by the Republican Tea Party, as waged by a ‘Do Nothing’ Republican Congress, seeking to negate the power of a duly elected incumbent President to govern. The traditional role of Congress, which includes initiating the necessary Tax and Spend legislation to keep American economically healthy.

Instead ‘The Republican Tea Party’ Anti Govs have proposed legislation to dismantle America’s Safety Net, and through Sequestration arbitrarily and dramatically cut many necessary programs, while undermining our military with massive defense cuts. The fact that these defense cuts. This Republican Congress has taken the governing tools of past administrations out of the hands of the President, and made it impossible to provide a viable Presidential stewardship of the Economy, that would include raising revenues to pay down the National debt, provide stimulus to the economy that would create more jobs to help build needed infrastructure. The Anti Govs have made it impossible to create long term planning leading to the ‘Fiscal Cliff' negotiations of today. The least efficient Congress in our nation’s history has even failed to let the debt ceiling rise, to keep the economy solvent, until the arrival of better economic times. These are the War tactics being waged on Americans in the 2nd American Civil War.

President Obama who represents the reasoned Pro Government forces in Washington, DC, has attempted to make reasonable and painful concessions to the ‘Anti Govs’ who are being allowed to blackmail our President with this outrageous and obstructionist scorched earth policy in their war against Pro Gov. forces. President Obama in the name of domestic peace has sought to be reasonable. He faces the Anti Gov forces arrayed against the American People, and seeks fair agreement to save our nation’s economic health. The 2nd American Civil War will last longer than the first one. The importance of the outcome is perhaps even greater than our first Civil War, because economically speaking the Anti Gov forces are attempting to rob the majority of Americans, for their own selfish vested interest pursued at the expense of average Americans.

The Rich and powerful who drive the Anti Gov. Forces seek to own the economic engine of America. The Rich desire to avoid accountability to the Federal Government or the American people. They’re no longer displaying any real interest in America, but only desire to earn huge profits made through high risk investments, that now often are likely to come at the direct expense of the American people. No just as the Slave owners of our first Civil War, who needed African slaves on their Plantations, to make them economically viable for the Southern Aristocracy to maintain their affluence, the Anti Gov forces of today seek a totally deregulated American economy. A deregulated economy allows the Anti Gov. forces to pursue; high risk investment strategies that in President George W. Bush’s last year in office, led to the ruined economy inherited by President Obama when he took office in 08. We must win the 2nd American Civil War, against the Republican Tea Party, Anti Gov. forces, or our traditional right to a decent life economically speaking is over in these United States. And that would be modern day American Tragedy of epic proportions.

Mike Flynn 'Middle Class Mike'

Anonymous said...

Dannie, is that what concerns you? Where the 2% is heading? What absolute horsesh@t. Who the hell cares where the rich go? I hope they go to Watertown, where we can make some money off them. The answer to our financial problems is not to get some sort of revenge on the people who have been successful. Why do you hate these people so? YOU get a tax sheltered pension, FREE healthcare, property tax breaks, etc, etc, etc. Those rich people aren't getting anything YOU aren't getting. Get off the hate wagon and try to get on board with solutions. SPENDING is our problem. Trouble is, that might, just might, maybe, could be, touch close to home. Is that why you hate the 2% so much? You just don't want the conversation to turn to spending?

Anonymous said...

Something's amiss with my web browser...I tried to sign on to "Mayor Graham's View" but I keep getting routed to the "Middle Class Mike" view.

Anonymous said...

Yes Mikey there is a 2nd civil war and we will kick your a$$es again. You want us as slaves to work for you so that you can sit on you fat a$$ and collect your entitlements. But unlike the slavery that you democrats fought for in the past, this time the slaves you have your eye on own guns.

You are just like Danny, who pays zero state taxes on his pension while crying for more taxes on the rich and the 2% so that they "pay their fair share". And yet your "fair share" turns out to be zero...zip...nada...zilch...nothing.

Mike Flynn 'Middle Class Mike' said...

"Time for Rich to Pay up Now"

ANON 11:23PM Why are you so dead set on maintaining an historically low tax rate for the Rich? They aren't paying their fair share in taxes now. Are you Rich? Is it coming out of your pocket? Where are all the JOBS and investment in America that the Rich were supposed to make over the last decade. I never happened the Rich invest in making ever greater profits at the expense of Middle and Working Class Americans. Let the Rich pay 39% rates instead of 36% percent, it's not going to effect their lives on bit, while Americans struggle to pay their bills each month.

Mike Flynn 'Middle Class Mike'

Anonymous said...

I'll give you an honest answer to your question about taxes, Mikey. Not that you deserve one. The reason I'm against more taxes is it is a dishonest attempt by dishonest politicians and dumbasses who adhere to the party line to distract people from the real issue, which is SPENDING. Guys like you and Dannie know these additional revenues will do nothing for our financial situation, and its likely we will pay a big price in jobs and growth from enacting the new taxes. But lets for discussion sake say that there will be no cost. That the money will come with no issues. IT STILL WILL ACCOMPLISH NOTHING, and you and your lyin' ilk know it. We have to cut spending or we will kill the future for our kids. But guys like you and Dannie think you're entitled to tax breaks, free healthcare, and trophy cases full of kudos for being great guys. So be it. You're great. But we have to make cuts somewhere. And all this "hate the rich" crap is nothing but a dishonest game. It does impress a lot of dumbasses whose votes have been purchased, and people who think the world should be ffffaaaaiiiirrrr. Dope smokers, drunks, sperm doners and pricks all vote your way. Problem is, after taxing people more and more. We are still going to be facing the same problems if we don't cut spending.

Mike Flynn 'Middle Class Mike' said...

ANON 8:12PM

Of course you couldn't give an 'Honest' answer in a civil way, because Rudeness is a Tea Party addiction.

Here's a little tip for you and just try to read it and remember it. No economist worth his salt agrees -including 80 Top CEO's that you're right on how to make the recovery a robust one. Here's why --"You don't cut your way out of a Recession and that's been true ever since the depression. You in fact need to grow the economy out of a recession -make the economic bubble bigger - and the Government gains more revenues without reckless increases in taxes for individual Americans; that's why stimulus money spent -is well spent money for America. Ending the Bush Tax cuts and increasing corporate taxes will accomplish just that, not as you all think stop investment in the economy.

If you give the Middle and Working Class better wages and tax breaks, they'll spend America out of this recession. The Rich and Corporations to date haven't invested in America, not because of being overtaxed, their under taxed, but their all so addicted to high risk investments, to maximize profits at the expense of the America and its economy. So get real and lose the stupid insult mentality. I've been patient with your attitude, but believe me if anyone is stupid and a party line hack on this blog - its guys like you. I hope your ‘New Years’ resolution is to learn something about economics’ even though people like you think ignorance is bliss.

Mike Flynn 'Middle Class Mike'