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Monday, November 26, 2012

LYNN BERGMAN: THE “FISCAL CLIFF” -  IS SEQUESTRATION A STEP IN THE RIGHT DIRECTION TO CAPITALITALISM

New York Times columnist David Brookes insists that the right balance is $2.50 in spending cuts for each $1.50 in tax reform. That is 62.5% spending cuts and 37.5% tax reform, which MAY have worked four years ago... instead of kicking the can down the road.

The Bowles-Simpson plan consisted of 75% spending cuts and 25% tax reform, which MAY have worked two years ago... instead of kicking the can down the road.
On the eve of the so-called "fiscal cliff" Republican House members must be prepared to demand 87.5% spending cuts along with 12.5% tax reform, which MAY work this month... instead of kicking the can down the road.

The "fiscal cliff " MAY well represent capitalism's "last stand" over cradle-to-grave socialism and the totalitarianism that always comes thereafter.

House Republicans are on the side of "preservation of our union" as the founders intended, just as surely as Lincoln ended slavery. So do not think harshly of House Republicans that stand up against anything but an "87.5% spending cuts / 12.5% tax reform" grand bargain.

We can only pray that House Republicans understand that a national period of immense prosperity is looming due to a national energy boom that is just beginning and is unprecedented... and also realize that America's leadership of the world is threatened only by further socialism such as Obamacare, to be followed (after year 2016) by a national value added tax that would end "opportunity" in America forever.

Once the nation realizes that such a boom is eminent, expect socialists to cash in. Republicans in the house...Now is the time to stop socialism, not after it is on a roll...

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