Surprisingly, it involves...wait for it...extending the Bush tax cuts permanently.
Oh gee, what a shocker. It's the same old stupid plan they always come back with. Tax cuts, deregulation. Shrink the government via spending cuts, blah fucking blah.
It's backed up by the same tired old promises that if you cut taxes for the wealthy, it will create jobs, and increase revenue. The same bullshit plan Bush peddled back when he cut taxes in 2001 and then again in 2003.
Here's the problem, it DOESN'T WORK.
Unemployment is still high, wages are flat, the rich are richer but the middle class and the poor have gained no ground. (and in most cases have lost ground) and debt has soared. But these magical shitwizards have been peddling this same lie that tax cuts for the rich and cutting spending on the middle class is somehow going to magically grow the economy, solve the debt, and increase the living standards of all Americans!
I have better odds of shitting a unicorn.
Speaking of unicorns, I guess if North Korea can convince it's people that they found a unicorn lair, our politicians can convince us that the wealth with trickle down if we just give them a little more.
What did Albert Einstein say about insanity again?
"doing the same thing over and over again and expecting different results."There is study after study after study that show that tax cuts on the wealthy have little economic impact, and even people on Fox News like Bill Kristol, Ben Stein, and Ann Coulter are saying that if we raises taxes on the rich it's not going to be the end of the world.
Don't get me wrong here, those right wing pundits are only acceding because they don't want the sequester to cut the Pentagon budget. But no matter their reasons, they're still arguing for something that makes sense.
I've mentioned before about how I'm perfectly okay with going over the cliff. In fact I prefer it. Defense needs to be cut massively and the tax cuts for the rich need to go.
It's really that simple.
After the fact President Obama can cut taxes for the middle class and the poor retroactively.
President Obama should stop listening to these moronic offers and just jump over the damn cliff already.