I see. I didn't think that any progressive worth their salt is at all concerned about the mounting debt, you just don't want a cut in spending. For if government cuts one dollar in spending people will be dying in the streets.
The problem here is, is that taxes alone cannot avoid the fiscal cliff. You need to cut spending, so where would you do it?
Personally, I think this whole fiscal cliff nonesense is absurd. The Congress has voted to increase the debt ceiling ever since the government changed the currency to the fiat ponzi money in 1971. The sad truth is that they have to keep up ridiculous spending levels because that is why they switched to the fiat currency. Simply put, America could not afford the LBJ entitlements of Medicare etc and a war abroad, so Nixon went off the gold standard to be able to not pay for what we could not afford.
I don't suspect that there is any political support for doing away with these failed programs, so screw it, just remove the debt ceiling and see how far things can go before it all collapses on itself.
No..you don't understand.
This fiat/ponzi bullshit is just that..bullshit.
Money isn't the endpoint of wealth..it's a place holder. Wealth is defined by what a nation produces. And money provides access to those goods and services. You can't eat gold. And it's a poor building material.
What we are seeing is a reversal of a recent trend that started with Clinton. It was one that recognized that the war/oil paradigm was at an end..
But thanks to GW Bush..that came back.
One of the things I like about the "Fiscal Cliff" is that it has deep cuts in the military. Not deep enough..but it would be impossible to get them any other way.
And for folks concerned about real debt..that the only way it's going to be corrected.