Posted 29 December 2012 - 09:01 AM
Was milk $9 a gallon before the Bush tax cuts? I don't think so.
Do people forget that quickly exactly what this "fiscal cliff" is? George Bush enacted tax cuts through the EGTRRA in 2001, the JGTRRA in 2003 that were set to expire in 2010 when Obama extended them. Well, they're set to expire again.
This is a Republican tax plan that will expire and the Republicans have not brought any sound reason or alternative to the table except to raise the Medicare eligibility age, cut Social Security and Medicaid, calling them "entitlements." Sorry, but when I pay taxes toward a benefit I'm scheduled to receive when I choose to, it's not an "entitlement" that I think someone else can manipulate the when and how much I get.
Obama doesn't have to do anything. It's a Republican tax plan set to expire and, if the Republicans want the same or a similar tax plan to continue, it's up to them to bring something credible to the table, pretty friggin' simple.
By the way, the average price for a gallon of milk in 2001 was $1.19.