What do you think of the deal to stop the country’s fall off the fiscal cliff?

The fiscal deal approved late Tuesday night allows income taxes to rise for individuals earning over $400,000 and couples making more than $450,000. It avoids the major spending cuts and widespread tax increases known as the “fiscal cliff.” Today’s Question: What do you think of the deal to stop the country’s fall off the fiscal cliff?

  • Clark

    Obama has spent $5.2 trillion in excess of revenues the past four years so this deal solves nothing in terms of deficit. Punish success, reward failure. Democrats do not want to pay the true cost of big government since the middle class would no longer support obama spending. We have a spending problem not a tax problem. Spending now 24% of GDP, highest since 1946. Obama is not a leader and he remains math challenged.

    • Steve the Cynic

      Your tiresome rants only make sense if you define success solely in terms of how much profit you’re able to extract from the economy, without regard to whether your activities actually make the world a better place. Because wide wealth disparities tend to reduce average happiness, progressive taxation improves national well-being.

  • Scott

    I have read that as part of the deal every ones taxes will go up 2%. While this may help in paying our debt, it’s not enough. Everybody benefits from the F.D.A., C.D.C., Border Protection,F.B.I. Etc.,Etc.,
    But nobody really wants to pay for it. We want the other guy to pay for it. If you make $5,000 or $5 million a year everyone needs to kick in more

  • Duane

    The deal is only half finished, they still the need to attack the spending problem, and that is supposed to happen in the next two months. Under the leadership of this President, I don’t expect that to happen. He has accomplished his goal which was to increase the revenue to cover the excessive spending that he fails to recognize is the real problem. President Obama will go down as one of the most inept presidents elected in recent times unless he is able to turn the economy around…and nothing in this bill will achieve that.

  • Steve the Cynic

    I was secretly hoping there would be no deal at all. Our national soul would benefit from another Great Depression. It would help wean us from our idolatrous pursuit of financial prosperity so we could consider what would actually make us happier.

  • Emery

    Congressman Paul Ryan’s proposed budget (“The path to prosperity”) would
    not end deficits until 2040 and would have added an additional $5.4
    trillion to the deficit.

  • Gary F

    Don’t expect our economy to get any better any time soon. America will just put it’s wallet back in its pocket and only take it for necessities.

    When there is wailing and gnashing of teeth when government gets less of an increase than last year(a.k.a. “drastic cuts”), there is little hope that this mess with ever be saved.

    Time for us all to read Thomas Sowell’s “The Dismantling of America”.

  • Gary F

    Don’t expect our economy to get any better any time soon. America will just put it’s wallet back in its pocket and only take it OUT for necessities.

    When there is wailing and gnashing of teeth when government gets less of an increase than last year(a.k.a. “drastic cuts”), there is little hope that this mess with ever be saved.

    Time for us all to read Thomas Sowell’s “The Dismantling of America”.

  • Rich in Duluth

    I’m disappointed in the agreement. I think the President gave up way too much by allowing the tax breaks to remain for those making less than $400,000. Frankly, I, too, was hoping we’d go over the “cliff” and taxes, across the board, would go back up. We should pay our debts and that means paying more taxes.

    Sadly, the poor and elderly will now have to shoulder the debt, by cuts to Medicare and Social Security. I think the Republicans now have the leverage they need to protect big business, the financial “industry” and the military.

  • kevins

    My rep (peterson) voted against the bill, predictable as he is. BTW, since when are the Dems solely to blame for spending issues? Can you name a republican admin. in the last 50 years that has reduced the size of government? I think it would be refreshing if those so focused on spending cuts would actually specify what they want to cut, or which elements of the tax code they would recommend changing. Then all could see which ox will be gored, and folks could rationally debate the merits. Because poor and handicapped people are still easy targets, we could also talk about the character of our culture.

  • John

    It was a complete distraction from the 48 trillion debt.

    There was nothing done about the military spending, the 900 overseas, in 130 countries, military bases. The Waring that this country is promoting daily.

    Cutting Homeland Security, TSA, aid to Israel, domestic drone program, and military training for domestic police.

    Nothing done about the free money the Banksters are getting from the zero interest rate Federal Reserve, that is totally destroying the middle income earners savings account. The real rate will change when inflation takes off, which it already has but they don’t report in the mainstream medial or include food and fuel as part of the calculation of inflation.

    Its just a scam.