In response to:

Five Percent

Jugjock Wrote: Dec 01, 2012 11:36 PM
Folks! Stop wasting your precious mental and emotional capital on angst over the impending catastrophe of our national debt. It’s bad for your mental health and well being. The solution is simple and painless. First, let’s agree that the USA contains some priceless items. Among these are our National Parks. An example would be Yosemite. It’s priceless. Because Yosemite is priceless, the US Treasury estimates its value at $16 trillion (…or whatever the current national debt is), plus one dollar. More about the one dollar later. Since Yosemite is priceless, the Federal Reserve Open Committee seizes the opportunity to acquire a priceless asset and creates $16 trillion plus one dollar from thin air to buy Yosemite.

The good news about coming to the end of November is that we will soon embark on December meaning the clock will be clicking toward January by which time the Fiscal Cliff business will dealt with.

Until the long scythe of the grim reaper signals the looming end of 2012, the parties to a potential solution will spend as much time posturing in public as parleying in private.

I gotta tell you. I don't understand all this anyway. I know my taxes are going up next year - one way or another. My rates will rise, my deductions will...