NetWorth: How the fiscal cliff would affect many taxpayers

5 comments:

• Masterrogue666 posted at 6:37 am on Thu, Nov 15, 2012.

  Posts: 1797

  Buckle up, it's going to be a bumpy ride...

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• k33j88 posted at 6:48 am on Thu, Nov 15, 2012.

  Posts: 607

  Thank you Ms Pender for offering clarity to the impact the "fiscal cliff" has on all of us. Wonderful Christmas gift this "Marxist-in-Chief" gave to the electorate. Every God-loving, taxpaying American must use Alinsky tactics, if necessary, to repulse this tyranny. Our children's future is threatened.

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• chuckles3 posted at 11:25 am on Thu, Nov 15, 2012.

  Posts: 276

  Elections have consequences. Taxes will rise on the producers, the drains do not care. They want their free stuff to continue-and they gave the election to Obama.

  I would like to see the Republicans stand fast. Then Obama can preside over two of the biggest recessions ever. And blame Bush. But I am sure the Repubs will cave.

  BTW, taxing the "Rich" will generate about $70 billion in additional revenue. The annual deficit is over $1 TRILLION.

  Both sides are being childish and ignoring the elephant in the room: Entitlements.
  Medicare and Medicaid alone cost $900 Billion a year. In 1960 they did not exist.

  More revenue will not make a dent in entitlements as they are runaway trains towards fiscal oblivion.

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• Stevo357 posted at 1:15 pm on Thu, Nov 15, 2012.

  Posts: 10

  Chuckles, would you please stop making sense! That is crazy talk.

  If we just rob form the rich and give to the poor, maybe Robin Hood will come prancing out of the forest with Snow White in tow. The majority of Americans are morons now and we have to deal with that.

  Liberal fairy tales won't fix squat and we did not elect the grown ups to turn this train wreck of an economy around. I predict a whole lot of new excuses over the next few months, anybody wanna make a bet???

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• DrJCA1 posted at 2:42 pm on Thu, Nov 15, 2012.

  Posts: 315

  Since we're in the hole for 16 trillion already and add to that at the rate of 1 trillion a year, nothing the baboons in DC do will help. When a nation has almost half of their citizens on some type of public assistance or social program, that society is doomed. The politicians have been talking about tax reform since I was a kid 60 years ago. Nothing ever gets fixed because the more complicated a system is, the easier it is to steal from it and the slime in Washington know this very well. As a nation, our values have dramatically changed over the past few generations. We used to value education and hard work. Now we value sports, mindless entertainment, and our cell phones. Parents used to raise thier children. Now the TV and computer do that job. We're in a downward spiral in all ways and I see no end to it.

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