During the just ended election season there were constant references to ”Tax-maggedon” , the end of the world tax situation that would kick in in January 2013. Now it all seems to have faded from being an end of the world as we know it thing to a “Fiscal Cliff” which is not as final or devastating. I am sure most of us are now less threatened by the possibility that total destruction has been replaced with an event that could range from poor Thelma and Louise ending it all to Homer Simpson humourously bounching his way from rock to rock, and tree limb to tree limb with little if any damage except to what dignity he may possess as a result of going off a cliff.
“Fiscal Cliff” is yet another of those undefined, ever shifting threats whose strength is in the lack of definition and whose scariness depends on its ever morphing name. No one has given consistent specifics about what constitutes the cliff, but rather have simply asked if we could survive any number of possibilities that may, or may not actually be truly connected to it.
There are only three actual results of the cliff.
The 98% who are the non-job creating “job creators” will end up having to pay a more realistic amount of taxes so that they will no longer be able to use the infrastructure for free that the middle class pays for as if they are some form of nobility..
Some of the money that has allowed Congress to buy things for the military that the Pentagon has insisted they do not need will be taken away so the contractors of the military-industrial complex will no longer get automatic money, but will lose some of the unnecessary purchases which are actually a form of pork given as gifts by the various congressmen who have military bases and weapons factories in their districts.
In both of these cases, the golden goose will be taken away.
The middle class will see an increase in certain taxes. These, of course, could be somewhat offset by the moneys from the first two situations, and could, perhaps, reduce some of the fees charged now for governmental services.
The truly worst that could happen is that things return to the way they were during the Clinton administration when the economy was very strong, no one whined that their Kabillions were not enough to live on, and we ended up with a surplus.
They have named the thing differently depending on what they want the American people to be fooled into believing.
The majority of Americans voted to re-elect Obama because they thought his approaches were working in spite of the whining from the Republicans who did everything they could to make him fail. But it seems the Republicans will not accept that and want to ignore the will of the people, and to do that they will use scare tactics to get the people to go along with their ignoring the people's will.