"Take it all over the cliff..."

be careful what you wish for.

Of course we're going over the clif. So long as the Republicans will get the blame by the ignorant population, the Democrats are willing to let anything bad happen. This is political brinksmanship at its finest.

Massive cuts in spending is the only way to even start the walk back from the cliff. The raising of taxes will do nothing but take money out of peoples pockets which in turn will slow spending

-Zoo007

The truly rich aren't spending that extra money anyway. You can tell because more and more of the nations wealth is ending in their pockets.

You can not, mathematically, fix the problem with JUST spending cuts.

You need cuts AND you need more revenue both.

Neither alone can fix it.

"How can a rich person afford to staff their house with french maids, butlers and a sexy pool boy if their taxes go up? I don't know how they would survive without their cocktail partys and dinners that are written as a tax write-off for "a business expense"."

You watch far too many movies and don't have a clue how people that are fortunate enough to have been successful manage their money and how frugal and generous they can be.

Massive cuts in spending is the only way to even start the walk back from the cliff. The raising of taxes will do nothing but take money out of peoples pockets which in turn will slow spending, which in turn will slow the economy. "All HAIL ME" states that the rich will not be able to afford the maids, butlers and pool boys. What "ALL HAIL ME" forgets is the simple equation of "who" would then employ these people in their profession if a rich person could not anymore. The more write offs the better I say, why would anyone feel good about the government taking anyone else's, much less your own, personal property (money)? I'm lost to that however I do not have hatred and envy in my heart.

Taxes have gone up in the past and no one fell off a cliff. The only problem is Washington needs to live within a budget and quit wasting tax payer money. Just do your job and take the drama out of it. That is what the average hard working tax payer does. If they can't handle it then they need to resign and go home.

Take it all over the cliff and let the CEOs find out how much it costs to live like a regular person. No one said they are guaranteed to live like kings. Plus the government won't be there to bail them out.

How can a rich person afford to staff their house with french maids, butlers and a sexy pool boy if their taxes go up? I don't know how they would survive without their cocktail partys and dinners that are written as a tax write-off for "a business expense".

A good reason for the 'erosion of optimism'. MANY companies are laying off significant numbers of workers. FHI360 in RTP for one. You don't hear about these hundred or so here and there but only the big IBM-scale layoffs...

Fine raise taxes on the top 2%, drop in the Ocean of the debt. In exchange only accept larger budget cuts. Across the board.

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