Tag Archives: deal

Unconstitutional Fiscal Cliff Deals for Socialist Dummies

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How will the new UNCONSTITUTIONAL fiscal cliff tax deal effect our economy?

I’ll get back to that but first…

Let me count the ways.

First of all, the new legislation sets the standard for “rich” at $400k for an individual or $450k for a family rather than the $250k originally desired by the Emperor.

This will leave some small business in the NON rich category but not ALL small businesses.

Those small businesses which exceed the “rich” limit will have some options available to them. They can simply put the breaks on any planned growth of their business which will be the case for those approaching the limit or, they can downsize if they are just barely OVER the limit.

What will be the MOST likely scenario will be businesses raising the cost of goods or services to compensate for their increased tax bill.

THAT, of course means, those who BUY those goods or services will have THEIR taxes raised by proxy.

Then there is the fact that EVERYBODY…not just the “rich” will see a tax increase.

That’s right…Part of the new fiscal cliff tax deal is that everybody…EVERYBODY will see their PAYROLL taxes go UP which means EVERYBODY will have LESS take home pay.

Nice huh?

All that talk from the Emperor during his campaign about making sure that the middle class would NOT have their taxes raised?

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We Have Officially Gone Over the Sanity Cliff

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Maybe the Mayans were right and we’re all too apathetic to notice that the world really has come to an end.

We are no longer facing the fiscal cliff…We’ve officially gone over it, for now. Today, maybe tomorrow or perhaps later in the week, the House will attempt something only seen previously in cartoons…Hanging in mid-air, turning around and trying to run back to safety before gravity sets in.

Last night, the senate passed a sort of, almost, not really fix for the fiscal crisis in that it included no spending cuts, doesn’t deal at all with sequester and only raises taxes on those making $400k per year.

The house hasn’t voted yet, and they might not like it at all since they didn’t like it when the tax hikes hit those making a million or more.

Given the fact that congress has a single digit approval rating, they waited until AFTER the last minute to do anything on this fiscal cliff issue and the senate hasn’t passed a budget in 1400 days or so…

Naturally they all deserve a raise.

Right?

I mean, we’re now 16.4 TRILLION dollars in debt, taxes are going up, spending is NOT going down and Congress  is basically waiving the white flag so…Obama signs an executive order giving them all a raise.

That ONLY makes sense if the world actually HAS ended…Right?

$16.4 trillion dollars in debt…

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