BROKEN RECORD

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The idiots in Washington don’t seem to get it. They have wasted away the luxury of partisan posturing on the issue of tax rates. And they actually have two separate issues (actually three when it comes to mandatory spending cuts) with which to deal. 
Firstand most important is the “extenders” that expired on December 31, 2011.  And most important of these is the AMT“patch”.  Not dealing with this issuebefore the end of 2012 will cause the most damage.  THISISSUE MUST BE DEALT WITH IMMEDIATELY – and it has nothing whatsoever to dowith raising taxes on the rich.
Thesecond tax issue is the expiration of the “Bush” and Obama tax cuts that expireon December 31, 2012.  Here is where theyhave wasted away the luxury of partisan posturing.  The best thing to do is to extend everythingas it now exists for one more year (except for the 2% Social Security cut), andreturn to political bickering in January of 2013, when they have a full year towork out a compromise, and hopefully (although probably too much to ask)actually enact some tax reform in the process.
However,while extending everything as is for another year is “more better” and will atleast allow the IRS to determine and publish the correct withholding tables for2013 starting with day one, it is not an absolute necessity.  The posturing can continueonce the new Congress, not much different than the old Congress, takes itsseats in January.  Waiting until next year to act on this will certainly cause problems, these problems will be slightly less serious.

The continued unmoveable hard line on "resolving" the "fiscal cliff" taken by the two sides is a clear indication that the idiots in Washington do not give a tinker's damn about the American public.
Theidiots in Washington need to get off their arse, clean up their act, andrecognize and take responsibility for the fact that they are the only ones toblame for this situation, and the multiple problems that will be created ifthey continue to do nothing. 
TTFN