Tuesday, January 01, 2013

The Fiscal Cliff and the House PT4

The New York Times: Reports the following on the fiscal cliff deal that is now in the House, " ..the fate of the legislation in doubt just hours after it appeared Congress was nearing a resolution of the fiscal crisis. ". 

Lets Get Real:

The Republican House members have found that the Senate deal has no real cuts, just more tax hikes and government spending, one example the extension of unemployment benefits, this is the kind of welfare state system that has sent Greece down the toilet and is being followed by the rest of Europe.    The new French President after the Courts rejected his tax hike on the rich wants to re - draft the law and bring it back.    The Senate deal is only about raising taxes, the Republicans should say NO thanks, and allow the US to go over the cliff, it will then be Obama's recession.  In 2014 POTUS is not on the ballot, thus he does not have to  deal with the results of the any deals between the Oval and the Hill, those running for re-election will face the fury of the voters who see that the US has a 16 trillion debt and is owned by China.   That the welfare system is out of control and will bankrupt the US, time for Republicans to be Reagan Republicans, say no and just pass a bill that extends all tax cuts and say that is IT, if Obama does use his veto pen then any recession will be his to own.  Hard ball politics at its toughest folks. 

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