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What are the consequences of the "fiscal cliff"?
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- Pedal to the metal! Burn it down.
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- I don't think anyone should pay more taxes, because this government wastes more money than is imaginable, and the more tax money they have to waste, the more they will. BUT if we are going to let them waste our money, let us do it together. Everyone's taxes should go up. Not just the people who do the jobs, but the poor , the middle class, and the rich. We all live in the same country, let us do it together.
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- In all of history governments always outspend revenue. Give them a dollar and they'll spend two. However, the bush tax cuts and the Obama tax cuts to SS are unrealistic and should expire. The real solution to the fiscal cliff is to levy a sales tax of 1 % on the sale and exchange of financial instruments.
