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To: Fiscally Conservative who wrote (43041)1/2/2013 3:51:56 PM
From: robert b furman  Respond to of 179595
 
They were only cuts for about 12 hours.

Once Bush's cuts expired - they become cuts.

Playing with words are not they.

Bloomberg indicated the 4.6 percent tax increase (from 35% to 39.6%) on those couples who make over $450,000 and singles who make over $400,00, would generate 650 billion .Last years very minor cuts in future expenditures will save 1.1 billion so we have a net of 1.75 billion in a world where 4 to 4.5 billion in expenditures are needed.

Wrangling over the debt ceiling and capping out unemplyment benefits to an individual,means testing Social Security, and upping the medicare age requirements could get us so close - that moderate growth ie energy and housing would get us into a non deficit position.

It is a big picture optimistic view to be sure - but it sounds nice.LOL

Bob



To: Fiscally Conservative who wrote (43041)1/2/2013 3:53:18 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 179595
 
Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ?
Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ?
These clowns must still believe in Santa. What could I be missing?
Ben Bernanke is paying for everything, Obama is running the tab up and wants to keep running trillion dollar deficits forever.

Congress is due to have a showdown on spending cuts in the first week of March.

Tune in then to see what happens.

So where do you put your money??
Equities (foreign or domestic), Gold, Real Estate or Bonds (corporate or government)



To: Fiscally Conservative who wrote (43041)1/3/2013 12:11:22 AM
From: sandeep  Respond to of 179595
 
You don't have to pay for tax cuts. It is the people's money. Only when you spend people's money, it needs to be paid for. That makes me think - is there a limit to how much a prez or a congressman spend on their fav vacations? Who approves this?