I know this won’t reach that many people, but all this worry about the fiscal cliff is just not justified. Its going to bring the tax rates back to what they were in the 90’s and thats going to be bad for the economy? I don’t think so. Somehow we managed to have the largest expansion of our economy during those “repressive” tax rates. After the Bush tax cuts, we’ve seemed to have nothing but recessions and sputtering recoveries, but the very rich have done well.
I really do believe that our economy will recover whether or not their is a compromise. I’m actually afraid that any compromise will actually hurt the economy in the long run. However, even going over the cliff is not going to be enough. We are racking up a trillion dollars a year in additional debt. Going over the cliff will only raise a trillion dollars in ten years, not per year. we have a trillion dollar problem and congress thinks it can be fixed with a billion dollar solution. That like throwing a cup of water on a house fire.
If you are wondering if I’m a republican or a democrat, I’m a RINO. I am fed up with all this party line bologna (you can bet I’d rather use a different word here). If I was a democrat, then I’d be a DINO, but I haven’t heard that term used, yet. I can think for myself and I don’t need any party hacks to tell me what my opinions should be.
Well this is my rant and rave, thanks for reading.