While we all know both sides in the budget/fiscal cliff discussions are in the positioning mode and a long way from resolution, you can get a sense if the parties truly get the essence of the problem and are serious about a real long-term resolution.
For example, the White House has proposed another (the third) extension of the 2% tax holiday on the Social Security payroll tax. That not only leads to more deficits to make up the loss to the Social Security Trust, but it makes it harder to ever reinstate the tax because Americans will become more and more dependent on the windfall they are receiving.
Another bad idea pandering to the middle class that does not benefit them in the long run.
Oh, keep in mind that regardless of the budget talks, if you are in the $200,000/$250,000 group your taxes are going up 3.8% on all unearned income including dividends and capital gains.


They already take to much in taxes. How about curbing spending instead. I cant run my household spending more than I bring in. When are they going to figure that out?
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Never, as long as the American people keep wanting “free” stuff that somebody else pays for.
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