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How to Resolve the Fiscal Cliff? Elementary, My Dear Watson!

john653 Wrote: Jan 02, 2013 10:03 AM
why is it that spending cuts and reductions are talked about over 10 year periods? I think just to bloviate that they are cutting more than they need, while knowing there is no spending cut that lasts 10 years.i.e. 'we are cutting 100 billion from the spending over 10 years' sounds pretty high to most people, but it is only 10 billion in 1 year, probably will never reach full potential, and is a drop in the bucket to a 1.3 Trillion deficit in the budget. I think they should drop the 100 billion in 1 year and quit F CK in g around. I am very suprised that so called Bush tax cuts lasted 10 years. But, why didnt they make them permanent 8 or 9 years ago? We got a lot of problems and our so called reps better get a handle on them, otherwise

As this column is being written America is preparing to head down the, theatrically styled, “Fiscal Cliff.” That “cliff” really is the chicken roost of 40 years of mostly disappointing — and more than a decade of catastrophic — economic growth. Lousy growth leads to a diminished tax base, capable of producing only anemic tax revenues.

Washington, DC is emulating Sherlock Holmes locked in mortal combat with its own Moriarity-style criminal mastermind: the Deficit. In its own re-enactment of The Final Problem Washington disappears — whether by rappelling in a mini-deal, or hurtling — over its own Reichenbach Falls: The...