Posted on 11/07/2012 8:44:18 AM PST by Hojczyk
Obama will say I tried to work with the GOP...but he will let all the tax cuts expire and have more money to buy votes..as for the debt ceiling the House will cave and get nothing like last time...and our money will be worth nothing
My guess is that they will also go after tax exempt municipal bond funds.
They’ll have to tax 0bamaphones and EBT cards if they want to raise any real money.
They’ll have to implement a wealth tax.
They can try to raise taxes to 300% of income if they want... once.
Regardless, not enough money exists to avert the fiscal cliff.
Lefties - you own it. I’m simply going to prepare for the demise that you brought upon us.
Theres not enough more tax in the world to fix the spending.
I’m not a big stock owner, but do have some, outside my 401k. When the market bounces back from today’s nose dive, I’m out.
Screw it, time to hoard cash and hard assets.
Tax increases are now inevitable. 0bama has all the cards, we are stuck with Boner in the House. Boner will cave and get the House to simply sign what 0bama puts in front of him. We will get massive tax hikes to go along with the continued runaway spending.
Big Recession next year. It will all be the Republicans fault, because the media will tell the sheep what to believe.
The “fiscal cliff” may be our only HOPE. higher taxes won’t affect many Obamatrons...but any cut in federal spending (even defense) will be good... painful, but we gotta start somewhere.
That didn’t take long did it? The continuation of that vicious cycle of self destruction and national suicide. The government will not actually be getting more money in the end. All they can do is continue looting existing wealth because there is not new wealth being created in this country. We are loosing jobs and capital at record speed and this will not help matters. Never think for a moment that they do not know what they are doing.
Whoa here: If anyone thinks Obama will pay more than slight attention to Sequestration they are crazy.
That is exactly what he wants.
Tax Hikes and killing the military by cutting funds.
Also, there goes the retirement income of a lot of people.
Actually, if the House gives The Dictator what he wants, and they play it right (no small feat for these guys), it should play into their hands perfectly.
They will be able to say “we gave him what he wanted...and NOW look at this mess”.
Of course, it will create a huge recession, and many of us will lose our jobs, but politically, it could work out.
Before I end this post...I just want to say that I don’t WANT this to happen. I honestly don’t think Boner and/or McConnell are smart enough to get out in front of this and make it work. If the Republicans had balls, it could work. Unfortunately, they don’t.
Other than some current investors, that's really a tax on cities and states. If a wealthy person has to pay taxes on the bonds, then they'll demand more interest from the cities and states issuing them to make up for the taxes.
Absolutely!
And since even THAT won’t satisfy Liberal demands, the goal posts will be in flux FOREVER.
The Government will re-define ‘rich’ on a daily (probably an hourly) basis, so they’ll miss no opportunity to grab our cash!
I can almost hear the ear-splitting, metal-on-metal sound of train wheels screeching on the rails... what a sound, and what an event when OTHER PEOPLES’ money runs out!!
It's what's for dinner.
Until he seizes the 401K's.
“Until he seizes the 401K’s.”
I know. And I know I’ll be punished for sacrificing, having discipline, and having a 401k that’s worth something.
I can only do so much, and the takers are in charge now. They’ve voted in a man who will take from us, and give to them, and they’re partying like crazy.
I wish I had an option, but I’m powerless.
half the sheeple will still blame Bush.
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