Obama's Fiscal Cliff

Yes I believe the Ds have intended all along to go over the cliff. BO's ludicrous budget proposal, which his media ignored, was so disingenuous that it revealed his intentions. Much of the MSM will blame the Rs, just as the Ds and BO will do....and amazingly many ignorant Americans will believe the deceptions.

Going over the cliff is every Ds wet dream. The party of tax and spend is in full flourish for all to see, but apparently some do not see.

Van Halen’s Answer to the “Fiscal Cliff”? Here You Go!

....might as well JUMP!!!

Great tune too!!!

The Cloward-Piven strategy appears to working perfectly....

A tax on the top will in no way, shape, or form produce any significant revenue at all so if his goal is to raise revenue then his ONLY option is to see it raised on everyone. In fact I think I saw that a 100% tax on the those earning over 10 million would generate 24 days worth of revenue. In fact, according to this:

" Let's move the bogey down to $200,000 in income. That's even lower than the $250,000-earners President Obama thinks should pay more. What happens if we confiscate 100% of all the income for people who make more than $200K? The IRS received 3,924,490 tax returns showing an income over $200K. These returns represent a total income of $1.964 trillion! That's a huge amount of money. But it's still not enough. The federal government is spending about double that this year".

Read more: http://www.americanthinker.com/2012/12/how_much_taxation_would_fund_current_spending.html#ixzz2EyOUG1Vo

I believe he would be happy to see taxes raised on the rich only because that supports the class warfare that he so handily engages in. I believe he would also be happy to see taxes go up on everyone because that supports the statist agenda he loves. After all it is now while his administration is running most things that the gov is printing money by the billions in a clandestine tax on the poor otherwise known as QE 1 2 and 3.. I believe that progressives here do not even see statist as a bad word.

Welcome to QE 4. Bernanke, in addition to the QE 40 billion a month he has been printing, he has now added an additional 45 billion he's also printing monthly, which he said he's going to do for the next 3 years.

QE4 Is Here: Bernanke Delivers $85B-A-Month Until Unemployment Falls Below 6.5% - Forbes

I don't get how it works. If he's printing money to the tune of trillions every year, how does that help anyone? What is it doing to the value of the dollar?

There are just some realities in life that are so eggregeous that it is appalling no one seems to care.

-the gov printing money as a hidden tax on everyone including the poor
-the 1 in 2 lifetime risk of getting cancer that was once way lower
-the huge number of people who die from heart attacks that were once so rare that the inventor of the ER EKG was told to abandon his machine because no one needed it.
-the socialism that passes as social democracy

the elephants are too numerous

It is making it so that it costs almost five dollars to buy a gallon of gas.

Despite all the political rhetoric today about how nobody's taxes will be raised, except for "the rich," inflation transfers a percentage of everybody's wealth to a government that expands the money supply. Moreover, inflation takes the same percentage from the poorest person in the country as it does from the richest.

That's not all. Income taxes only transfer money from your current income to the government, but it does not touch whatever money you may have saved over the years. With inflation, the government takes the same cut out of both.

It is bad enough when the poorest have to turn over the same share of their assets to the government as the richest do, but it is grotesque when the government puts a bigger bite on the poorest. This can happen because the rich can more easily convert their assets from money into things like real estate, gold or other assets whose value rises with inflation. But a welfare mother is unlikely to be able to buy real estate or gold. She can put a few dollars aside in a jar somewhere. But wherever she may hide it, inflation can steal value from it without having to lay a hand on it.

No wonder the Federal Reserve uses fancy words like "quantitative easing," instead of saying in plain English that they are essentially just printing more money.

The biggest and most deadly "tax" rate on the poor comes from a loss of various welfare state benefits-- food stamps, housing subsidies and the like-- if their income goes up.

Some government policies help some people at the expense of other people. But some policies can hurt welfare recipients, the taxpayers and others, all at the same time, even though in different ways.

Why? Because some are too easily impressed by lofty political rhetoric and too little interested in the reality behind the words.

So if it's like a hidden inflation, what would our inflation rate be now, had they not printed the money? I don't think Carter printed money (or did he?). but his interest rates were insanely high.

Also, what is the relationship between inflation and interest rates?

Yes the inflationary policies of the Fed are harmful, but not to everyone. According to this, the super wealthy benefit handsomely.

http://www.washingtonsblog.com/2012...-the-little-guy-and-the-american-economy.html

If a group of people enter an orchard and some benefit more due to their own diligence, hard work and wits then their efforts are to be applauded. If access to the orchard is made available only to those who can figure out when the secret gates are unlocked due to their previous position in life then that is unfair.

In both instances some people just take advantage of what all could have taken advantage of. But in the first (free market analogy) the playing field is level, in the second (it matters who you know and who you are analogy) the playing field is not. Dems often talk about a level playing field but never attempt to achieve one, intead they strive for more control over how the field is made unlevel.