There are only 3 solutions.
1- cut spending
2- raise taxes
3- cut spending and raise taxes
It’s just math. We are robbing our children
Let it go over the cliff. All these jerks who voted for Obama because he promised to raise the taxes on the top 2% can start paying their fair share now. Raise everyone’s taxes, cut the spending and go on down the road. Time for the 47% to step up to the plate.
Who robbed our children? I sure didn’t . You add up ALL of the taxes and fees that we pay to our government which is probably close to 40 % and you say that isn’t enough?! NO, OUR government is robbing us blind and misusing our funds like an attorney that embezzles from his own clients when he’s the manager of their trust funds.
Fiscal cliff is avoided, but sequestered cuts proceed.
Predictions are there will be enough WH, House and Senate support to make Bush tax cuts "permanent" for all below 400 or 500,000.
No spending concessions now other than those sequestered.
Republicans then hang their hopes on major spending cuts or in exchange for a debt limit increase in a month or so.
IF Republicans do hold on the debt limit, this could work. Big IF, however, as York notes, but they are apparently girding their loins for that fight.
Put the coal miners back to work, export the natural gas, finish the oil pipeline to reduce the price at the pump and export some of the oil, speed up all the permitting. Make corporate rates competitive so they move their money back to the U.S. so it can be taxed. Like I say, someone has to make it before government can take it.
There’s are two more options:
1. Destroy the currency. (pay through inflation).
2. Grow the economy.
If we had a sane government, they would be trying to grow the economy. Every person who moves from welfare to working becomes a tax payer instead of a tax consumer.
I don’t know why this is so hard for the American people to understand.