Well how can I not comment on the current fiscal debate?
First, whoever wanted to scare people into taking action or accepting that action did a good job coining the phrase 'fiscal cliff'.
Of course it is not a cliff. If anything it is a slope, for it will take a year to get to the bottom of it. If we head down the slope on Jan 1, and congress then takes action to solve the problems, we will not be so effected. In fact, waiting for the slope, is a good strategy for Democrats, for then the Bush tax cuts will have expired and I doubt Republicans will not vote on record against renewing those tax breaks for the bottom 98%
And any compromise being talked about is such a false compromise! The conventional wisdom is a compromise would be the Republicans giving in on renewing tax breaks for the top 2% and the Democrats would allow entitlement reform. What??!
First off, the Republicans gave these tax breaks. Tax breaks reduce revenue. We have a problem with our deficit. Tax breaks have a DIRECT effect on a deficit. Same in California. Republican administrations - Pete Wilson, Arnold S. - cut taxes, ballooning our state's deficit. Then they cry that the deficit is a problem with spending and want to cut social programs they were against in the first place - medicare, social security, in California everything gets cut - education! And the Republicans in California are the same as they are on the national level - they refuse to accept any tax increases (which is really just going back to how the taxes were before they gave their tax breaks that we cannot afford).
Now certainly the government can reduce its spending. The BEST place to do that - the military and prison systems!! We spend almost as much on our military as the rest of the world COMBINED! And if jobs is what we are concerned about - the military is the LEAST EFFICIENT place to spend money for job creation, by far! And how seriously do we hear this being debated or covered by the mainstream media? Not at all is more like it. We will not be the first nation to fall due its spending on Empire.
And this country has more people in jail than any country on Earth. California, I believe, has more people in jail than all of Europe combined. We need to spend money on education, not incarceration. Legalize marijuana, that is an insane thing to be jailing people for and to be spending our tax money on!
Now, social security has NOTHING to do with the debt. So how is giving in on this, compared to tax cuts for billionaires even comparable??? Social security pays for itself (actually we pay for it). It could be made solvent by making small adjustments like taking away the salary cap at which we stop paying into it.
Now jobs - the Republicans say increasing taxes on the wealthiest Americans (the wealthiest people on this planet) will harm job creation. So the best estimation of this is that it will cost 200,000 jobs. This is compared to the 12 million that are expected to be created in the next 4 years. And I have heard noone compare those 200,000 jobs to the jobs lost if we were to make cuts rather than increase taxes for that money. If you give less for social security, that is money that is mostly spent - put back out into the economy, creating jobs. Spending creates demand, demand creates jobs. Jobs are not created by wealthy people who want to hire people because they got a tax break. Making health care more difficult or expensive - this will harm the economy, reducing demand. Any cuts you make will cost jobs. The MOST LOGICAL place to get money is from the people who have more money than humans have ever experienced. The top 1% owns something like 80% of the countries wealth!
So MY compromise would be, rather than reinstating the Clinton era taxes for the top 2%, lets do it for the top 1%. Or maybe for people making over one million dollars a year. Because you can argue that there are families making $300,000 a year who have it all tied up in their fancy homes, cars, private school tuition, and apple products. Some of these families might actually have a difficult time paying extra taxes. And of course we need to make sure actual small businesses are not harmed by this tax increase. Most are not, this is a Republican talking point that has been debunked, but there are a few that fall into this tax bracket who would need to be protected.
That is my compromise. Don't touch social security (except for making it solvent). Expand medicare, if anything. Bringing down medical costs are still something that needs to happen. Invest in green tech, take away tax loopholes and subsidies for industries that don't need them like fossil fuels, greatly reduce our military spending.
Here is the type of thing that is happening. Some wealthy business guy in Florida said he would have to fire people if Obama got re-elected because his taxes would go up. This same guy built the countries largest house - I think it was 96,000 square feet! These are the types of people the Republicans in Washington are fighting for.
So if you agree with me, get in touch with your representatives and tell them so!!
First, whoever wanted to scare people into taking action or accepting that action did a good job coining the phrase 'fiscal cliff'.
Of course it is not a cliff. If anything it is a slope, for it will take a year to get to the bottom of it. If we head down the slope on Jan 1, and congress then takes action to solve the problems, we will not be so effected. In fact, waiting for the slope, is a good strategy for Democrats, for then the Bush tax cuts will have expired and I doubt Republicans will not vote on record against renewing those tax breaks for the bottom 98%
And any compromise being talked about is such a false compromise! The conventional wisdom is a compromise would be the Republicans giving in on renewing tax breaks for the top 2% and the Democrats would allow entitlement reform. What??!
First off, the Republicans gave these tax breaks. Tax breaks reduce revenue. We have a problem with our deficit. Tax breaks have a DIRECT effect on a deficit. Same in California. Republican administrations - Pete Wilson, Arnold S. - cut taxes, ballooning our state's deficit. Then they cry that the deficit is a problem with spending and want to cut social programs they were against in the first place - medicare, social security, in California everything gets cut - education! And the Republicans in California are the same as they are on the national level - they refuse to accept any tax increases (which is really just going back to how the taxes were before they gave their tax breaks that we cannot afford).
Now certainly the government can reduce its spending. The BEST place to do that - the military and prison systems!! We spend almost as much on our military as the rest of the world COMBINED! And if jobs is what we are concerned about - the military is the LEAST EFFICIENT place to spend money for job creation, by far! And how seriously do we hear this being debated or covered by the mainstream media? Not at all is more like it. We will not be the first nation to fall due its spending on Empire.
And this country has more people in jail than any country on Earth. California, I believe, has more people in jail than all of Europe combined. We need to spend money on education, not incarceration. Legalize marijuana, that is an insane thing to be jailing people for and to be spending our tax money on!
Now, social security has NOTHING to do with the debt. So how is giving in on this, compared to tax cuts for billionaires even comparable??? Social security pays for itself (actually we pay for it). It could be made solvent by making small adjustments like taking away the salary cap at which we stop paying into it.
Now jobs - the Republicans say increasing taxes on the wealthiest Americans (the wealthiest people on this planet) will harm job creation. So the best estimation of this is that it will cost 200,000 jobs. This is compared to the 12 million that are expected to be created in the next 4 years. And I have heard noone compare those 200,000 jobs to the jobs lost if we were to make cuts rather than increase taxes for that money. If you give less for social security, that is money that is mostly spent - put back out into the economy, creating jobs. Spending creates demand, demand creates jobs. Jobs are not created by wealthy people who want to hire people because they got a tax break. Making health care more difficult or expensive - this will harm the economy, reducing demand. Any cuts you make will cost jobs. The MOST LOGICAL place to get money is from the people who have more money than humans have ever experienced. The top 1% owns something like 80% of the countries wealth!
So MY compromise would be, rather than reinstating the Clinton era taxes for the top 2%, lets do it for the top 1%. Or maybe for people making over one million dollars a year. Because you can argue that there are families making $300,000 a year who have it all tied up in their fancy homes, cars, private school tuition, and apple products. Some of these families might actually have a difficult time paying extra taxes. And of course we need to make sure actual small businesses are not harmed by this tax increase. Most are not, this is a Republican talking point that has been debunked, but there are a few that fall into this tax bracket who would need to be protected.
That is my compromise. Don't touch social security (except for making it solvent). Expand medicare, if anything. Bringing down medical costs are still something that needs to happen. Invest in green tech, take away tax loopholes and subsidies for industries that don't need them like fossil fuels, greatly reduce our military spending.
Here is the type of thing that is happening. Some wealthy business guy in Florida said he would have to fire people if Obama got re-elected because his taxes would go up. This same guy built the countries largest house - I think it was 96,000 square feet! These are the types of people the Republicans in Washington are fighting for.
So if you agree with me, get in touch with your representatives and tell them so!!
