volinva Wrote:
Nov 10, 2012 10:32 AM
So the fiscal cliff involves spending reduction of 1 trillion over ten years 100 billion/year. The "stimulus" of about 1 trillion is in every budget. So the spending reductions are small change. The tax increases are substantial. As usually happens higher rates equal less money something that leftists NEVER understand. When was the last time any promised reductions happened? Also, Slouch (obama) will be gone in 4 years, unless he figures a way to destroy the constitution before then. So I predict the cuts will not happen, regardless. As for tax increases......?