First: What is the Fiscal Cliff?
There has been a LOT of chatter and news regarding the “Fiscal Cliff” which I think is receiving almost as much attention as the 2012 election; but what is this cliff? In investigating this I first decided to seek information from a neutral fact based source. Here is the site where I accessed the information:
My Thoughts: After reviewing the information from the site, it seems the fiscal cliff is essentially a laundry list of tax cuts which will expire unless action is taken.
Second, What say the Politicians?
In looking for the truth I find it best to seek mutiple sources of info from multiple spectrum’s So I asked my elected officials about it. In my case I live in Florida so here are the names of the officials I asked as well as what they said and my thoughts:
Marco Rubio: “In regard to the state of our nation’s economy, our nation’s spending habits, sequestration, and the fiscal cliff.”
“Sequestration and all the tax law that expires at the end of 2012 will lead to what many experts are referring to as the fiscal cliff or “Taxmaggedon.” The poor policy choices of Congress could force our already fragile economy deeper into chaos. I’m particularly concerned that the fiscal cliff will bring the U.S. economy into a double-dip recession.”
My Thoughts: So experts are saying this cliff leads to bad things? Hmmm Taxmagedon sounds like a much more appropriate name.
Bill Nelson: “about the so-called “fiscal cliff,” a number of spending cuts and tax increases scheduled to take effect on January 2, 2013 unless Congress changes the law.”
“These provisions include an across-the-board increase in income tax rates, a 10 percent reduction in the defense budget, an 8 percent reduction in funding for many domestic programs, and a 27 percent drop in reimbursement rates for Medicare doctors. Failure to deal with these looming tax increases and spending cuts could push the U.S. economy back into recession.”
“I support extending the Bush tax cuts for middle-class families while allowing them to expire for upper-income taxpayers.”
My Thoughts: “About the so-called fiscal cliff, so if politicians didn’t coin this name who did? So basically this is a reset which equals spending cuts and tax increases sounds like what it takes to get the books balanced. Why only let the upper guys go off the cliff, if the cliff is good enough for them why isn’t it good enough for everyone? After all I thought his ad said he was fighting for ALL of Floridas FAMILIES. Why then would he only allow SOME FAMILES to go off this cliff?
I also asked:
“About the so-called fiscal cliff, the combination of automatic defense cuts and tax rate increases that’s just weeks away from taking effect. The fiscal cliff threatens our economy and our national security, and I’m committed to working with both parties to stop it.”
He stated he intended to stop it by, “Stopping all tax rate hikes”, “Reforming our tax code”, “Cutting spending & saving our entitlement programs”, and “Protecting our troops”.
My Thoughts: “About the so-called fiscal cliff”, wow you sound just like Bill Nelson. Hes committed to stopping the fiscal cliff but at what cost of compromise. Saving entitlement programs will help stop the Fiscal cliff? What?
My Conclusion WE ARE NOT THE COYOTE!:
I find term Fiscal Cliff to be a scare tactic/term. Really from all the info that I’ve gathered, the fiscal cliff is basically a reset on the BUSH/OBAMA eras which means with all the Bush/Obama policies gone we will basically be living in the Clinton era again? Funny thing, Doesn’t Obama and other Dems always speak highly of the Clinton era? Hasn’t Obama said he wants to go back and do like Clinton did. Well wouldn’t the “Fiscal Cliff” grant the president his wish? I think we should be calling this “The return to the Clinton era” not the “Fiscal Cliff”, calling it a cliff makes me think of the Coyote cartoon.
I say let us go off the cliff TOGETHER. Don’t just throw the upper class Coyotes of the cliff while allowing the middle class road runners to stay behind. I have heard Dems bahing republicans for refusing to throw just the coyote off this cliff. So it seems to me that on this one I side with republicans. Throw both of them off or neither of them. Most of all I think when the Dems and media begin to use this cliff term to try and bully republicans into slitting the throats of coyote families across America, the republicans should fight back and say “Whys it so bad for the middle class to go back to the tax policies of the CLINTON ERA?” I think if you start phrasing the cliff like that this attempt to paint GOPs as the bad guys will fall on its face. Now I’m not saying I’m for going off the cliff no matter what. I am saying that what ever happens we can’t allow some American families to be treated differently based on their salaries or social status. After all a great man once had a dream where America let go of all prejudices and only judged people based on their character, not based on race, creed, nationality, political party, NOR SALARY!!!!! The Equality MLK referred to wasn’t meant as everyone is equal, it meant everyone should be treated equally. Don’t help man because hes homeless, then turn around and not help a man because he makes over $250,000 dollars a year. If your going to render assistance render assistance to everyone who asked for it or don’t render it to any one.
This has been Milton L. Jefferson reminding you to
Stay consistent my friends!!!
I found this video of Obama saying let the high end middle class go off the cliff or in other words let the wealthy be the only ones to go back to Clinton era rates. But didn’t everyone in the Clinton era pay those rates regardless of salary/income. So really this would be a new socialistic take on the Clinton era, Obama gets his way in regards to the fiscal cliff negotiations. Below is the video: