Who Deserves the Blame if the U.S. Goes Over the 'Fiscal Cliff'?

There are so many issues involved in the Enriched World’s fiscal crisis.

It is not possible to exonerate either party in the United States for failing to deal with ever-growing public debts. The United States is geologically a young country which has few or no deposits of “modern” industrial minerals like aluminum, manganese and titanium. Much of it has cool and frost-prone climates which restricts its growing season and makes agriculture uncompetitive, forcing it into tough competition with Europe, and lately Asia and Latin America, for secondary and tertiary goods and services.

This lack of agricultural competitiveness has also caused its urban masses to gradually demonstrate the radicalisation of those in Eurasia and South America. This radicalisation and demand for public welfare is in part what has driven, and in today’s inner cities continues to drive, the growth of another increasingly indebted welfare state.

The Republicans have shown they will pander to special interests such as fossil fuels and the defence sector as easily as the Democrats do to unions. they have equally never challenged the working classes of the northeast and northwest inner cities - from their demands for welfare to those for low import prices that have undermined the competitiveness of local industries.

This same trend was seen earlier in Europe and demonstrably spreads all over the Enriched World with industrialisation and the demands of the newly created working class.

You are soooo wrong. Here is an excerpt from an article on the so called "job creators" you and your clan always talk about. Your ideas actually hurts the economy and jobs. Pass this on to as many rich man worshipers as you can.
http://www.truth-out.org/buzz...

4. So what are the "job creators" doing with all their money?

Over 90% of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), the stock market, and real estate. Business startup costs made up less than 1% of the investments of high net worth individuals in North America in 2011.

Perhaps, instead, they're building businesses on their own? No. Only 3 percent of the CEOs, upper management, and financial professionals were entrepreneurs in 2005, even though they made up about 60 percent of the richest .1% of Americans. A recent study found that less than 1 percent of all entrepreneurs came from very rich or very poor backgrounds. They come from the middle class.

That deserves repeating. Entrepreneurs come from the middle class.

Not surprisingly, then, since the middle class has been depleted by the steady accumulation of wealth at the top, the number of entrepreneurs per capita has decreased 53% since 1977, and the number of self-employed Americans has decreased 20% since 1991.

5. Big business is even worse at job creation

First of all, the cash holdings for non-financial U.S. firms increased to $1.24 trillion in 2011, with about 57 percent of it stashed overseas. Commerce Department figures show that U.S. companies cut their work forces by 2.9 million from 2000 to 2009 while increasing overseas employment by 2.4 million.

The top holders of cash, including Apple and Google and Intel and Coca Cola and Chevron, are also spending their money on stock buybacks (which increase stock option prices), dividends to investors, and subsidiary acquisitions. According to Bloomberg, share repurchasing is at one of its highest levels in 25 years.

6. The Big Fraud: Tax us less, and the jobs will come

Despite their unwillingness to invest in jobs, and even in the face of damning evidence against their tax myths, the super-rich fight like wildcats at any suggestion that they support the country that provided their wealth. Way back in 1984, right after the Reagan tax cuts, the U.S. Treasury Department came to the obvious but belated conclusion that tax cuts cause a loss of revenue. A 2006 Treasury Department study found that extending the Bush tax cuts would have no beneficial effect on the U.S. economy. Other sources have confirmed that economic growth was fastest in years with relatively high top marginal tax rates.

Ample evidence exists to show that no relationship exists between the capital gains tax rate and investment. As noted in the Washington Post, "The top tax rate on investment income has bounced up and down over the past 80 years - from as high as 39.9 percent in 1977 to just 15 percent today - yet investment just appears to grow with the cycle, seemingly unaffected." In fact, the low rate may even have a negative effect on growth. A Congressional Research Service report states: "Capital gains tax rate increases appear to increase public saving and may have little or no effect on private saving. Consequently, capital gains tax increases likely have a positive overall impact on national saving and investment."

7. So what becomes of the jobs?

Corporations are hoarding over a trillion dollars. The richest 1% take a trillion dollars a year more than productivity-based earnings since 1980. Over eight trillion untaxed dollars is being hidden overseas.

That's a present value of ten trillion misdirected dollars. Just 1/10 of that would create 25 million jobs, one for every unemployed or underemployed worker in America. Or a $45,000 a year job for every college student in the United States.

But the people who call themselves "job creators" do nothing to make that happen.

It is really hard to debate someone who is so uninformed. Read on exactly what Obama has accomplished in the face of the most filibusters by ANY party in history. Read and learn about what mess he inherited and then, just maybe, you might find a sigh of relief somewhere in your pathetically brainwashed mind that the current President actually has a three digit IQ. For example, your use of socialism and communism in the same sentence means exactly what? They are two different things. Why don't you educate us on exactly what you are trying to say. Or, why don't you explain how it is that EVERY time Republicans are in power they tank the economy, blow up the deficit, and then at the same time complain about too big government? Why is it that if Republicans always complain about keeping government's nose out of our private business, they are then the FIRST to TRY to tell us what to do with our own bodies or how we should conduct our own private lives? Or, if taxing the rich is such a bad thing, why is it, that between 1959 to 1979, when the top tax rate was between 71% - 91%, we had the fastest growing economy in the world? Why is it when Regan lowered the top tax rates, he then saw the deficit TRIPPLE and panicked so much that he then raised those taxes back up (though not back to where they were)?

You want to make some points? Back your words with references. Let's see some facts behind your rhetoric. Oh, and quoting Fox News or Rush Flamebot do not count as credible references.