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View Diary: Obama makes fiscal cliff statement (454 comments)

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  •  If you are making $250K to $450K (2+ / 0-)
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    Laconic Lib, schnecke21

    and have "a bunch of debt", you're not going to get a lot of sypathy from the average $50K a year American family - which also has "a bunch of debt".


    Filibuster reform now. No more Gentleman's agreements.

    by bear83 on Mon Dec 31, 2012 at 12:08:51 PM PST

    [ Parent ]

    •  That's fine (0+ / 0-)

      but if the goal is "soak the rich," as Huey Long put it, this is the chip you bargain with as opposed to a reduction in what the top rate is or what the capital gains tax is.  

      Likewise, if the goal is to raise more revenue, the 5% increase on investment income is going to generate a lot more than the effective 6% increase on this band of ordinary income, which, by definition, is at most $12,000/family.

      If your goal is to divide the Dem coalition rather than training all fire on the supperrich, by all means continue squawking about a deal that hits the people in the top 3% and spares those in percentiles 90-96.  

      Which other bargaining chip would you have the President use?  Chained CPI on Social Security?  That went over real big around here last week when people had their hair on fire thinking it was on the table.  More austerity measures?  A lower top tax rate?  What?  Because sitting back and waiting for nihilist Republicans to unconditionally surrender would require a long wait.  

      The only real debate is whether we're better off doing nothing, letting everything crash and burn, and hoping that the Republicans take it on the chin in 2014 and we get the House back.  But the "we can get a better deal" folks are unlikely to be right.

      Nate Silver is to Joe Scarborough as Billy Beane is to Grady Fuson

      by Superribbie on Mon Dec 31, 2012 at 01:51:56 PM PST

      [ Parent ]

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