The Financial Cliff Needs A Ladder

The Financial Cliff Needs A Ladder

While listening to the varieties of "How To Prevent Going Over The Cliff", there are a few factors no one seems willing to post. So, to prevent a catastrophe of 'No Returns'(pun intended), here are some factors for everyone, including the news commentators, to use so everyone else knows exactly what they are talking about.

Financial To-Do-List - With Definitions

1. Establish exactly what *is* the income bracket for "Middle Income Tax Payers", please use US dollar signs (US$). This one is all over the map from Party to Party, commentator to commentator. Nail it down, folks!

2. Entitlements - money paid directly from employees pay checks into Social Security are not 'entitlements'! Those funds are money paid out-of-pocket by the worker. Take Social Security OFF the bargaining table! NOT negotiable!

3. Levy a permanent Trade Sanction - any Corporation that threatens to move their manufacturing plants to foreign countries to avoid participating in the balancing of the National Budget of America will pay an excise tax equal to the difference in amount of money they ripped off the American public for in paying lower taxes in some other country. NO exceptions! This means Hostess Brands, TOO! However, such companies need to ask themselves just ONE question: "How many residential Mexicans earn enough money to buy as much of these products as the American people buy?"

4. NON-Reversible Tax Law on CEOs - This new Tax Law will never, NEVER, be overturned, overruled, overthrown or in any way reversed, changed or obliterated! Why? Because it allows these brilliant CEOs to *keep* the first $250,000.00 of salary, but only 90% of all the other tips and tricks they tuck into their CEO Packages (including the worth of Balloon Package deals), and updated each time the package changes. You can call it the "Lee Iacocca Good Samaritan Tax Law For CEO Compensations", if you wish, but it will forever record in history that the American people are not as easily duped by such shenanigans as Lee Iacocca thought we would be (tipping hats to Chrysler).

5. Overturn Citizens United - Corporations are not people, in fact, the 'condition' was a legal maneuver to allow such concerns to OUTLIVE THE CORPORATE OFFICERS! Go figure that. They are NOT humans, and money is NOT Freedom of Speech.

Countless more jargon needs clarity. Those get the ball rolling.  Still there are no practical reasons for refusing to get rid of the Bush Tax Cuts to the wealthy. It will be interesting to find out just how determined the Republicans are when all the American Manufacturers move entire operations to Mexico.