Truthmatters
Diamond Member
- May 10, 2007
- 80,182
- 2,272
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- Banned
- #21
Seriously.
" Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a grand bargain on the budget that snatches defeat from the jaws of victory.
In saying this, I dont mean to minimize the very real economic dangers posed by the so-called fiscal cliff that is looming at the end of this year if the two parties cant reach a deal. Both the Bush-era tax cuts and the Obama administrations payroll tax cut are set to expire, even as automatic spending cuts in defense and elsewhere kick in thanks to the deal struck after the 2011 confrontation over the debt ceiling. And the looming combination of tax increases and spending cuts looks easily large enough to push America back into recession.
Nobody wants to see that happen. Yet it may happen all the same, and Mr. Obama has to be willing to let it happen if necessary. "
And this is the way progressivism works. Punish the people, take what you want, let them suffer or even die.
http://www.nytimes.com/2012/11/09/opinion/krugman-lets-not-make-a-deal.html?pagewanted=all&_r=1&
we have had tax rates higher than this before and it didnt cause a recession.
So it must be the budget cuts that would cause a recession.
I guess you now admitt that trickle down doesnt work and deep cuts do harm the economy