Robert Reich counts
8 Principles to Guide Democrats in the Fiscal Cliff Showdown.*
ONE: HOLD YOUR GROUND.
TWO: NO DEAL IS BETTER THAN A BAD DEAL.
THREE: MAKE REPUBLICANS VOTE ON EXTENDING THE TAX CUTS JUST FOR THE MIDDLE CLASS.
FOUR: DEMAND HIGHER TAX RATES ON WEALTHY, NOT JUST LIMITS ON DEDUCTIONS.
FIVE: DON'T CUT SAFETY NETS.
SIX: DON'T CUT INVESTMENTS IN OUR FUTURE PRODUCTIVITY.
SEVEN: CUT SPENDING ON MILITARY AND CORPORATE WELFARE.
EIGHT: PUT JOBS BEFORE DEFICIT REDUCTION.
But it is not that simple. Medicare and Social Security do not need to be on the table at this time. That does not mean they need to be cut in the future. Addressing them is not just in the form of cutting them. Even so, if they address the top end or the bottom line, changes could be balanced in the tax code, not to hit those that need the safety net and even address the income gap.
* BOLDLY ENUMERATED taken directly from his post.
[Follow-down...I wouldn't go that far. Despite quibbles with the terms of B.S. or F. C. this is the kernel of the matter:
Especially the bold below:
I do not believe his "arithmatic" though.(in bold)
[Follow-down...I wouldn't go that far. Despite quibbles with the terms of B.S. or F. C. this is the kernel of the matter:
Former Sen. Alan Simpson says ‘‘you have to have a blend’’ of revenue increases and spending cuts to achieve a deal to avoid the cliff.
Especially the bold below:
Simpson tells NBC’s ‘‘Today’’ show it’s ridiculous for Democrats and Republicans to speculate on which party would suffer more if no compromise agreement were achieved. He says, quote, ‘‘That’s like betting your country. There’s stupidity in that. This is big-time stuff.’’
I do not believe his "arithmatic" though.(in bold)
Speaking of Congress, Simpson says, in his words, ‘‘If you gave 90 percent of them a profit-loss statement in one hand and a balance sheet in the other, they wouldn’t know how to read it.’’It could not be that bad.]
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