cliff. Generally speaking, the Bush tax cuts expire and taxes will increase
across the board. The expiration date is 12/31/12. I have a prediction. THEY ARE
GOING TO WORK IT OUT!!!
The Republicans say extension for everyone and the Democrats say only for the
‘middle class’. The Republicans say that if the tax cuts expire, the economy
will tank and go back into a recession. (As an aside, many of you remember that
I declared the recession was over months before they announced it. But who
listens to me?)
The Democrats say we should have an extension only for the middle class (98% of
Americans). They say that the ‘wealthy 2%’ should pay their fair share of taxes;
and this will cause the economy to shed some 1 trillion dollars in debt and keep
the recovery going.
Who’s right? I don’t know. I say flip a coin and decide. Oops, a problem, they will
have to debate who will take heads and who will take tails. This could take
months to decide. Enough already; let’s go!!!
Here’s my prediction: WE WILL NOT GO OVER THE FISCAL CLIFF!!! They will find a way to
work it out. It will not be perfect; but each side will find a way to say they
won, that they got more than the other side or that the other side didn’t get
what they wanted. And finally, they both will say they did what was best for the
American people. (Hooray!!!)
As in all negotiations, when we get closer to the end, someone will blink. Keep in
mind that the world is watching so no one wants to appear to have blinked, at
least in public. When someone blinks, we can move forward. (Keep in mind that
the one who blinks is really in control of the negotiation because the blinker
starts the action. Most people see it the opposite way – the blinker as the
loser – not true.)
We’ll know for sure on 1/1/13. Until then, let’s see what happens.
Oh, I just thought of something. The world is supposed to end on
December 21, 2012...I am
predicting it won’t end and I’d be right again. If you are reading this, the
world didn’t end and they will have worked it out.
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