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View Diary: What the fiscal cliff means for the middle class (54 comments)

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  •  I'm saying we should stop or quickly reverse (1+ / 0-)
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    Pluto

    the budget cuts. We should not cut government spending by $110 billion a year at this time.

    If Congress writes a bill to stop the cuts, nothing makes us put all $55 billion back into the military, except Republicans' bargaining power, which will be greater on this than on the Bush tax cuts since such a bill would have to pass both houses of Congress, whereas ending the Bush tax cuts can only be stopped by a bill being passed and signed into law.

    I hope this is a little clearer.

    •  This is true: (0+ / 0-)
      We should not cut government spending by $110 billion a year at this time.
      Because the markets look ahead, it will significantly contract the GDP and likely cause a steep drop in the market (when combined with tax hikes).

      The original bill could be voided (as though it never came into existence). But could it be renegotiated, moving money from defense to domestic programs that benefit people?

      I have seen absolutely no evidence of this trend in the Federal Government.


      A child of five would understand this. Send someone to fetch a child of five. -- Groucho Marx

      by Pluto on Fri Nov 16, 2012 at 03:47:08 PM PST

      [ Parent ]

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