HOW HIGH IS THE CLIFF?

First of all those who give a damn it's the fiscal not physical cliff  we are about to plunge over. The big dilemma now is, who wants to screw who. Tax increases and spending cuts it's the same ole scenario. What to cut and how to increase. The Reps. want cuts in entitlements, Medicare and Social Security and no tax increase for the rich, along with a payroll tax increase. Dems. no entitlement cuts and tax increase for the wealthy. Each party trying to make each other look bad. In other words a big pissing contest and guess who gets pissed on ! You guessed it, us! So we will see who blinks first. Time is running out, kinda reminds me of the rabbit in Alice and Wonderland.

The following is a snipet from and artical By  Lisa Mascaro and Michael A. Memoli, Washington Bureau La Times.December 3, 2012, 9:17 p.m.

Obama seeks $1.6 trillion in new revenue over a decade with a tax increase on the wealthy and a broader overhaul of the tax code, while Boehner's proposal would raise half that amount.

At the same time, Boehner proposed $1.4 trillion in spending cuts to Medicare, Social Security and other programs favored by Democrats. Obama has offered $400 billion in cuts.

Obama is also seeking new investments to stimulate the economy and wants to continue long-term unemployment insurance and the temporary reduction in the payroll tax. Republicans did not address them.