Such A Cliff Hanger
on 01/02/2013 at 07:41 AM
Keep kicking the can down the road. What could go wrong? Let me tell you where this scenario eventually pans out. Gas at $7 a gallon, beer at £3.00 a pint, VAT at 20% on everything bar food, “national insurance” at 11% of your take home pay. Income tax at 20% for incomes under $52,000 if you are fortunate enough to earn over that the government will want 40% If you are “rich” ie earn more than $225,000 the government wants 45% of it. And even then its not enough. Though I dont think Obugger will get that far. I think the US creditors will pull the plug and it will get ugly really quickly.
In the short run this will be good for the average guy,except for the Fica thing going back up 2%.In a few years though this is going to finally force inflation to stampede the economy as bond buyers look to get more bang for their bucks.New jobs will be scarce as rainfall in the Sahara as Employers watch any chance of profit go to Obamacare costs and taxes. In preperation for the Stupid to come, My partner and I are a 100% cash business now and that makes reporting easy. I suggest you all figure out ways to drive your incomes into that sphere if you can.Its going to get messy when the IRS starts to bite down hard on the W2’ers. Good luck.
This isn’t even ‘down the road’ - it’s about half-way down the block. And $1 of spending cuts for every $40 of taxes - how could a single damn Republican vote for this? At. All. Ever.
The next ‘crisis’ (other than Sandy Hook pork laden ‘guilt’ fest bill) is in February (sequestration) followed in March by yep you guessed it - Debt Ceiling. How wonderful of these crapweasels - screw us again and again and again.
Cash people - it is time to barter, deal and use only cash (pay) - and force the Pravda on the Potomac to prove how much you earned.
I now understand survivalists even better - they saw the writing on the wall - just a damn site sooner than the rest of us.
01/02/2013 at 02:38 PM
