If you can't change the President ... you can't change Washington
This is a great explanation of what happened ...
if you care to read it you will see why we (the USA) have been served up a con job:
http://www.latimes.com/business/la-f...,573514.column
The 'fiscal cliff' con game
Quote:
By Michael Hiltzik
January 2, 2013
Whatever the ultimate shape of the "fiscal cliff" solution that has preoccupied all Washington, and a fair swath of the rest of country, in the final days of 2012 and into the new year, Americans of all walks of life should be asking themselves this question: How do we like being conned?
The deal, passed by the Senate on New Year's morning, was made final late Tuesday when the House of Representatives signed on. Its essential elements include expiration of the President George W. Bush-era income and capital gains tax cuts on couples' incomes over $450,000, and a modest increase in the estate tax.
Unemployment benefits and tax credits for lower-income families will be extended. The payroll tax holiday that replaced a low- and middle-income tax credit in 2009 will end, but the tax credit won't return.
Many other items, including the fate of automatic spending cuts mandated by the 2011 debt-ceiling deal, are being put off for weeks or months. Another debt-ceiling fight looms on the near horizon.
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Still not convinced? Read the LA Times article.
Quote:
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Almost everything mentioned above involves a con game of one sort or another, because almost none of it is what it seems on the surface.
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