Monday, December 31, 2012

Fiscal Cliff less than 17 hours to go...

With less than 17 hours to go and both sides being pretty far apart I suspect we will being going off the cliff.  I'm frankly pretty disgusted with the US Senate and Harry Reid. The Senate hasn't done a budget in 4 years and is blaming the house(who has sent a budget to the senate every 4 years)?????  Harry Reid is really playing games with the US. It's so bad the Republicans went to Joe Biden to try and get a deal done.  The truth is upping taxes on the top 1% only raises 60 billion more. Guess what that is  7 days worth of Federal Spending.  I think folks realize that taxes might have to go up(unfortunately) however spending needs to go down.  The automatic tax cuts are going to hit the defense side(and cost 800,000 jobs)  but entitlements are going to be safe(though 99 weeks of unemployment will be gone)?  Seriously how many stories do we hear about EBT cards being used to buy alcohol, cigarettes and lap dances and this isn't being looked at? Everyone agrees that people need help once in a while but entitlements are not a lifestyle. Just look at Greece and see how that is working out....  Healthcare at the state levels will get hit and state revenue will get reduced. Plus don't expect new pilot programs for the 2013-14 fiscal years.  Money is going to be tight.

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