Greeks earning more than $55K a year will now be in the top tax bracket of 42%.

I know the lefties on the board keep crying, TAX THE RICH!!!

The problem is, the definition of RICH is subject to change. At the rate we are going, many of you will soon be classified this way. There will be no choice as the governments obligations become more than they can meet.

It will be ironic when the rank and file Union Member suddenly finds themselves part of the "RICH".

...........a tax cut for everyone and you wonder why we are in the mess we are in.

.........and yet silence from the right-wing perps on this board.

Like comparing an elephant to a pigmy. Makes good brain dead talking point. In reality it will never ever happen in the largest economy of $13 Trillion.

Purely from an economic point of view, this exactly the right time to borrow more to spend on the infrastructure because the interest for US Treasuries are at the lowest point in history.

I was no GWB fan,and I am no Obama fan.

Both parties are responsible for how we got here, so say otherwise is a lie.

The problem I see now is that Obama wants to spend more, Boehner want to cut and save.

Elections have consequences, Democrats wanted the White House, they got it. Now stop crying about the past and FIX THE PROBLEM. Taxing the rich does not even come close to touching the amount of debt we have. Time for some real solutions!!!

If he wants to cut anything it's what hurts most those with the least political influence; children and the poor!

""Democrats like Obama endorse a “balanced” solution with revenue and taxes."" (where's the balance when they are both the same thing?)

Oh yeah, a lib journalist.

We can't fail because we are too big?!?!?!? Really?!?!?!?!

Well, the big behemoth pictured below was way too big to fail as well...

The only difference between us and Greece is we can print out own currency. So technically, we can print our way out of it. However, hope you like paying $300 for a loaf of bread.

Here is the truth.

BOTH SIDES know there have to be cuts, they know the cuts will need to be deep and drastic.

However, neither side wants to "go first" because they know the other side will just use it to beat the shit out of them.

They can not come together and both have the courage to do what needs to be done. pitiful on both sides.

BTW. just my .02 on what we will need to do...

Defense spending cut 20%
Social security age raised to 74
Tax increased on wealthy AND middle class ( I would say 3% across the board)
Slash foreign Aid
Discontinue all non-essential spending (Arts funding, NPR)
Increase incentives for investments to get more people back to work.

I think the clip below sums it up...

Facts are facts even if you haven't hear of it or you don't lik it. It is known historical fact that Rome crumpled due military overreach, rich getting complacent, rich becoming engaged only in being drunk and debauchery. Heard of Caligula, it is not a fiction there actually was an emperor Caligula. Read stupid.

-- Modified on 12/15/2012 8:11:29 AM

I didn't say shit about Rome!!!

Talk about telling someone to read, READ THE DAMN THREAD BEFORE RESPONDING.

My poiny is, it's bullshit to think just because we are the biggest economy means we can not fail. If this were true, our credit rating never would have been cut.

You want to keep harping about Rome, go ahead. I am taking about a country which will soon have 20 ATRILLION in debt and even more unfounded liabilities.  

There will come a time when people will no longer lend us money, THEN WHAT...