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Fiscal Cliff Notes

Neal from PA Wrote: Dec 04, 2012 12:01 PM
The philosophy of "where's mine"…Making the rich "pay their fair share." What is a “fair share”, when almost 50% of America does not pay income tax. America should re-think what JFK said, “Ask not what your country can do for you; but what can you do for your country.” Everyone needs to pay his/her “Fair Share” and learn to carry their own weight; instead of demanding someone else pays and carries that weight for them. Without major cuts in spending, raising taxes will not help and the fiscal cliff remains. Politicians again will kick the can down the road; we should not allow that again. Tough decisions must be made now, not tomorrow. http://whyobamawilllose.blogtownhall.com/
daddy422 Wrote: Dec 04, 2012 12:35 PM

Historically,i'm no fan of JFK,particularly on foreign affairs.However,i read his tax policies & was shocked to see how much of a conservative he was on this issue. Of course your reference national
service quote turns Obamas blood white hot.I'm sure he can't stand JFK as he makes little to no
references to him.When i hear about fair share ,i cringe.Really,spread the wealth? They already do,
it's called the EIC,courtesy of the wealthy & moderately successful.My son-in-law compained about
federal tax taken out each week.I had him add up the years worth of that tax & it was $2,200.With the
EIC,he got back a return of around $9,500.I told him to quit biching,He doesn't pay any tax with his
$7,000 bonus.Now he gets it.

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...