On 11/08/2012 09:16 PM, Nicholas Geti wrote:
Don't bet on it. The Republicans are stronger than ever in the House
which is the only place where spending bills are allowed to be
created. They can hold Obama in check for a long time.
The legislation enacted by congress in 2011, (eg the so called fiscal
cliff); after, congress failed to negotiate a deal to reduce the
deficit, puts the Obama Administration and the Democrats in a strong
position in the coming debate and negotiations/compromises on how to
avoid the fiscal cliff. I think a compromise will be reached that will
allow the economy to continue to improve, allow the deficit to be
reduced, and provide cover for Republicans who fear political
repercussion, if they cave to raising taxes.
Taxes will likely be increased through tax reform that is progressive;
rather, than tax rate increases that are progressive. For example, the
IRS code might limit the mortgage deduction to the first $250,000.00
appraised value of all houses. The wealthiest 2% of American that have
several million or billion dollar houses around the country, would loss
a sizable amount of their mortgage deduction, which would result in them
paying increased income tax, (eg sorry about that Donald) LOL The
Democrats would put skin in the game by cooperating on some entitlements.
With the elections over both parties are in a better position to work
together for the best interest of the country and the American people.
Anyway, I feel sure a compromise will be reached that avoids going off
the fiscal cliff midnight, 12/31/2012.
http://washington.cbslocal.com/2012/11/08/biden-democrats-willing-to-compromise-to-avoid-fiscal-cliff/
or
http://tinyurl.com/aq7nhdd
Regards,
LelandJ
Nick Geti
----- Original Message ----- From: "geoff" <[email protected]>
To: "'ProFox Email List'" <[email protected]>
Sent: Wednesday, November 07, 2012 7:12 AM
Subject: RE: [OT] what a relief and bad luck rednecks! - Bayesian
Filter detected spam
Ive listened to four years of the nut-jobs blaming Obama for the stock
market dive - before he was elected - and Pete practically accuses
him of
boiling babies for fuel for his jet. I can normally be a gracious
winner but
in this case some gloating along with some mocking is truly deserved and
warranted.
Now maybe there could be some simple partisanship instead of redneck
racism
and insanity.
.
[excessive quoting removed by server]
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