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Message Subject So What The Heck Is That 'Fiscal Cliff' Thing All About, Anyway?
Poster Handle Anonymous Coward
Post Content
you do not get it ... do you.

We are a GREECE in the MAKING...

You can NOT deny there is a 16 TRILLION DEBT out there...

That means you and me now owe about $250,000.00 each.

WAKE UP.

With NO JOBS... we will have more and more on WELFARE by the Govt... but with NO JOBS... no one will pay into the IRS TAXES...

Raising Taxes...
Congress's Joint Tax Committee estimates that raising taxes on income over $250,000 ($200,000 if you're single) will raise $823 billion over 10 years on a static revenue basis.

That's only $82 billion a year in extra revenue when the federal deficit in fiscal 2012 was $1.1 trillion. So... This tax increase would only cut the deficit by about 7.5%.

You are part of the problem.
 
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