fiscal cliff, whats wrong with it?Posted by boxcar willie on 11/7/12 at 9:44 pm
lets the Bush era tax cuts expire, broadens the tax base, and cuts spending across the board. Brings us closer to balancing the budget. Of course it is going to renew the recession, as balancing the budget will do, but it does what needs to be done. Whats wrong with that? We can't just keep putting off balancing the budget.
re: fiscal cliff, whats wrong with it?Posted by boxcar willie on 11/7/12 at 10:05 pm to Duke
quote: Which lowers your tax revenue even with the tax increases. Great plan.
of course it is going to lead to a recession. Balancing the budget will lead to a recession. But better to have a contolled recession than the economic freefall that will occur if we continue down this path.