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Microsoft Corporation Message Board

  • hawcreek12 hawcreek12 Dec 13, 2012 6:21 AM Flag

    We need to allow ALL tax cuts to expire, borrowing at record again last month


    Since we borrowed at the rate of $2T/year last month we need to face reality. The government either needs to collect more of what it is spending, or if the increase in rates stalls the economy further we need to face reality with austerity.

    Like a company in bankruptcy we need to reorganize.

    There is no recovery, never has been under Obama. When a business spends $4 (heading to $5) to make $1 it is not growing. As long as we can print money and have people accept the script we will delay pain, not avoid it.

    Time to go over the cliff and see what happens, get everyone paying a share again not just the rich who already pay 4 times the rate on average.

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    • mcmsbm Dec 13, 2012 8:43 AM Flag

      Maybe Republicans should put together a bill with their desired spending reductions (end Obama-care, limit food stamps, restrict financial payments to citizens only-not illegal visitors, and so forth) with a modest tax increase onall income earners (Including those now excused from any tax liability) and send it to Obama... He can then decide to do what the Republicans wish, or hold the country hostage for his 'community organizer" demand of higher taxes only...

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