Anonline article at NATIONAL JOURNAL dated Saturday told us, “Week five of the fiscal-cliff negotiationscame and went without any resolution”.
Todayis December 17th. The monthof December is more than half over. There are only two weeks left in the year. And theidiots in Washington have not done a damned thing to avoid the serious problemsthat will result from the expired and expiring tax laws and the other issuesinvolved with the so-called “fiscal cliff”!
Ihave nothing but the utmost contempt for the idiots in Congress. Thereis no legitimate excuse for their incompetence, inaction, and total disregardfor the American public. Thesearseholes take our money, in the form of inflated paychecks and extensiveentitlements, and bitch and moan and bicker and blame and basically doabsolutely nothing but play with their private parts.
Thelyrics from the musical 1776 echo in my ears – “Piddle, twiddle, and resolve. Not one damned thing do we {they}solve!”
Boththe Democrats and the Republicans, and their leaders (pictured above), areequally incompetent and equally to blame.
Wehad the opportunity to throw many of the bums out this past November, but we(not me; my actions in the election booth, or rather in my case on the electiontable, reflected the concept of GRIP – Get Rid of Incumbent Politicians)re-elected most of them. I suppose thethinking was the devil (incompetent idiot) we know is better than the devil(incompetent idiot) we don’t know.
Wehave all along assumed that these fools would eventually at least temporarily extend most of the already expired“extenders”, most important of which is the AMT patch, and the expiring “Bush”and other tax cuts for at least all but perhaps the “richest” taxpayers. Well eventuallyis here!
Whatwill happen if nothing is done? The taxfiling season will not be able to start for most filers until March of 2013,seriously delaying refunds. Thewithholding tables for 2013 will either be too little or too much, resulting ineither underwithholding or seriously reduced pay checks. The federal income tax liability of justabout every American taxpayer will increase by potentially thousands of dollars(for the average middle class taxpayer too, and not just the “wealthy”). And that is only the beginning. Even if the problem is temporarily fixedretroactively in 2013 there will be delays, possible withholding FUs, and otherconsequences.
Inshort, it will definitely not be a happy New Year!
Whatmore can I say?
TTFN
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