The Fiscal Cliff.. Kicking the can

The Cliff 0f 2012

We all are concerned about the cliff. Higher taxes on everybody, less investment, slower economic activities and may be a recession.

To solve the problem, politicians are negociating something we don't know what.

Here is a summery of what will happen

• Housing deductions: One Trillion Dollars tax revenue goes to the Banks.
• Social Security: cost $730 Billions, goes to small business and Medicare.
• Medicare: is $770 Billions, goes to hospitals, Doctors, Nursing homes, Insurances
• Business deductions: goes to other businesses and bonuses
• Defence industries: goes to big businesses and then funnelled to small.
• Taxes on the Wealthy: The smallest out of all.

We need 420 Billion dollors down annualy out of all the above. Not hard to do.
We all are going to be ok, Rich, Middle and Poor.

The solution will cover the coming 10 years. Businesses will flourish. Then, the rest is kicking the can down further as new decisions and circumstances develop.

"Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself."   Just a thought.