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  1. As you know Tom, higher taxes are good for the economy because they redistribute money from the wealthy via the government to the increasing numbers of poor. /snark/

    Well here is a little talked about sneak attack on the middle class. On top of ObamaCare causing hundreds of thousands of people to loose their full time jobs to part timers working less than 30 hours, all you suckers that do get to keep that FT job and have health insurance are as of Janurary 1, 2013 are NOW GOING TO BE TAXED ON YOUR EMPLOYER’S CONTRIBUTION TO BUYING YOUR HEALTH INSURANCE AS INCOME.

    I heard CPAs are taking seminars on what the new tax law changes are and IMO should be warning the public that their net tax bill is going up by at least a $1000 on top of any Clinton era tax level even IF the Bush cuts are allowed to lapse or not.

    EVEN IF THE BUSH TAX CUTS WOULD STAY FOR THE MIDDLE CLASS THEY ARE GOING TO BE TAXED MORE NONE THE LESS ON AN EXTRA $10K TO $14K OF INCOME THAT WAS PREVIOUSLY TAX FREE.

    MERRY CHRISTMAS AND A HAPPY NEW YEARS FROM THE DEMOCRAT PARTY. But of course this is all the GOP’s fault for not wanting to have Clinton level taxes on incomes over $250k.

    Comment by dscott — December 18, 2012 @ 3:09 pm

  2. #1, by the time ObamaCare is done, there will be little if any incentive for self-improvement.

    Comment by Tom — December 18, 2012 @ 3:30 pm

  3. Interesting article for what it glosses over and doesn’t say:

    Japan’s NO EXIT Strategy

    http://www.zerohedge.com/contributed/2012-12-17/japan’s-no-exit-strategy

    The gloss: But the economy, unlike Greece’s, is not in shambles, though it’s not exactly humming either. Unemployment is 4.2%, the low for the year, and down from the all-time high of 5.6% set in 2009.

    If only the US had 5.6% unemployment! What it doesn’t say is that Japan’s population is imploding, it doesn’t allow many immigrants and doesn’t have an illegal immigration issue. Unlike the Japan where the demographic bomb is blowing out the workforce due to ultra low birth rates, the US is steadily trending down to unsustainability in the long run but we currently have loose immigration laws and unchecked illegal immigration to cause worse unemployment among the low job skill set.

    The US is basically making all the financial mistakes the Japanese did 20 years ago and then compounding them with poor border enforcement. However, where Japan is now with it’s budget and money printing is where we will be in short order by the time Obama is done his second term (choke).

    Comment by dscott — December 18, 2012 @ 3:35 pm

  4. #2, Obama has no incentive at all to negotiate any deal other than to let the Fiscal Cliff occur as it would cover up all his tax increases going into effect at the same time on the lower (<$250k) incomes. When the tax bill is presented all most people are going to see from the shock is aggregate amount. This will occur on January 1 even more non transparently via the withholding.

    Which is why I advocate LET IT BURN, the GOP House should pass Geithner's first plan as he presented less the $50 billion stimulus (crony money) and control over the debt ceiling. Then let Obama and Reid choke on it by either refusing to let it come up for a vote in the Senate and the GOP members all voting PRESENT to let Democrats take the full credit for the tax and spending increases proposed by Obama. The public (the majority who voted for Obama) will scream when in January they see their taxes still go up even though they thought the GOP gave in. The majority has to learn there are consequences to elections and they have to learn it is painful to vote Democrat as in the economy tanking because of THEIR vote for Obama and his taxes. When they voted for Obama, they voted themselves a tax increase. That is the only way the GOP can recapture the Senate in 2014 and then repeal this monstrousity.

    Comment by dscott — December 18, 2012 @ 3:50 pm

  5. #4, I still disagree, because a) The people who voted for Obama only constitute (overall) a slight edge in the electorate (which is a smaller constitution of the public as a whole and that’s a lot of innocents who get punished because of others mistakes b) once it happens, regardless of voter anger, we will never be able to undo it even with the control of the Senate and c) the people who vote for BO are true believers in both him and liberalism and are not going to blame him or renounce their religion, but find a way to still blame conservatives and or the GOP (especially since a lot of the tax increase will be sneakily hidden and or be for things those voters think a higher tax justifies.)

    Comment by zf — December 18, 2012 @ 8:40 pm

  6. #5, the 50% plus one strategy is working for Dems and that’s all they need to rule the country – indefinitely. The only way to break that plus one and make it significantly less than 50% is for the majority who voted for Obama to clearly recognize their vote for Obama crashed the economy. IF they don’t you can forget ever getting back control from the Dems for the next 50 years when the country is in total ruins. By that time it won’t be worth saving or salvaging. Recessions and Depressions last for a few years, Dem rule lasts decades.

    Your choice, pain now or death by a thousand cuts.

    Comment by dscott — December 19, 2012 @ 2:55 pm

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