Originally Posted by
Crotalus
How many people believe the current rhetoric about taxing the rich to reduce the deficit? I do. In my house when things come up that need to be done, if it's menial, I ask the kids to do it. If it's expensive, I ask the person making the most amount of money to take care of it - my wife lol.
Does anyone believe that the government will spend any less? Well that's what the whole "fiscal cliff" is all about isn't it? Not only are they going to go back to the way we once taxed the rich - they are going to cut spending like mad men! So yeah - they'll be spending less... A WHOLE LOT LESS!
Do you believe that taxing the "rich" will do anything at all to reduce deficit spending? Really, that's two separate issues but again - the reinstating of taxes pre-Bush is just part of the whole fiscal cliff thing - the cuts in spending are all a part of it.
Do you believe that the level of government spending is dangerous to the country? Kind of - but not really. Going to war on our own dime when we can't afford it is dangerous. I don't mind when they spend on infrastructure and social programs... but then that's not what's making America poor... sigh.
I liked it better when America went to war and China, Japan and everyone else paid for it... but that's just me.
All this talk about closing tax loopholes, they are talking about stealing your 401K and taking away tax "deductions" like mortgage interest. Well with the government unable to get it together with one another - everything is on the table but I somehow doubt that they'll ever "steal" your 401K - it's counter intuitive. Stopping the mortgage deductions would be a really, really good thing in my opinion as the very idea of not paying off your mortgage in order to get a deduction is one of the reasons we have housing bubbles. It promotes poor fiscal management but... we'll see.