Originally Posted by DaytonIllini
There is zero chance that we go over the Fiscal Cliff permanently.
(1) AMT revision would murder working class people.
(2) Discretionary spending cuts would be non-targeted and affect every constituency.
(3) End of Obama tax cuts for everyone. People have been getting used to sucking off the government with low tax cuts. They'd lose it if they went back up to Clinton era rates.
(4) Massive cuts in Medicare payments to doctors. No way any doc takes Medicare if those cuts kick in. Automatic death stroke to Medicare if not fixed.
(5) Unemployment insurance disappears for many.
Smart play for the House would be to extend everything including current tax rates for high income earners and cap gains and dividends. Bundle it all up, pass it, and leave for Christmas. Let Senate either take us over the fiscal cliff and own it or pass it and extend the Bush Tax Cuts another 12-24 months. Put some fun stuff in there like aid for the disabled and an increase in education spending so that if the Dems vote against it, they can be crucified publicly for ruining Christmas.
This is what is wrong with politics. How about our elected officials take some accountability and fix the problem rather than find a way to make the "other side" look bad. Obstructionist policies, from either side, prolong the problem and further divide this country.