Thread: the fiscal clif
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Old 12.22.2012, 05:46 PM   #15
SuchFriendsAreDangerous
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Quote:
Originally Posted by tw2113
So you're blaming the middle class for the whole mess, because they're not paying tax rates from the 90s?

I agree, cutting spending isn't the problem, it's a decent chunk of the solution.

Yes, yes I am. It is a dirty little secret the President doesn't want you to know, but the reality is that the middle-class tax cuts were about equally as expensive over the past 11 years as have been the corporate rate cuts. In other words, if we just raise corporate and high-income rates, we will still have a continuing structural deficit problem. If we were to immediately enact the truly necessary level of cuts across the board we would gut public services while destroying the military-industrial complex which coincidentally employes 1 in 10 Americans. In other words, EVERYBODY would be pissed off and broker. So we can avoid this if we as Americans simply AGREE to PAY for all the services we enjoy, including the military-industrial economy which is solidly middle class.

We need to let the entirety of the Bush Tax cuts go, period. How else are we going to fill in all the gaps of a 1.3TRILLION budget deficit? If we were to immediately cut even half of that, there would be riots in the streets and our comparisons to Greece would suddenly become more literal than paranoid.
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