General Discussion
In reply to the discussion: The “Fiscal Cliff” Hoax [View all]... inflation is NEGLIGIBLE and will remain so until the economy heats again, if ever.
Like all huge arguments with polarized sides, the truth is somewhere in the middle. Truth ONE, the Bush tax cuts have to go, period, no matter what the cost. The fiction that these cuts would create jobs is revealed clearly by the jobs situation of the last 4 years.
Secondly, the sequestration cuts would almost certainly tip the economy back into recession. But they would ALMOST be worth it to FINALLY have our pretty much useless military's budget cut. When I say useless I'm not talking about soldiers. I'm talking about lying political military leaders who tell the politicians what they want to hear and squander lives and resources in the vain hope of fixing the unfixable. Iraq, Afghanistan, just like Vietnam. Nothing has changed and we learned nothing. I'd like to drown THAT whole system in a bathtub and get back to a military who's mission is to defend our shores and leave global cop to someone else.
Letting even the below $250K earners get a tax increase would be preferable to giving in to ONE MORE DAY OF BLACKMAIL from the minority Repugs. It's time to clip their wings, period. And I am hoping against hope that Obama stands his ground and tells them to PACK SAND.