Friday, November 30, 2012

November '12 Highlights

If it seems like it was a long month, it was.
A lot went down.  Here are a few of the highlights:

  • 2012 Elections
  • Benghazi Saga continueth
  • Middle East Powder Keg
  • Total Solar Eclipse
  • Obama Asia Trip
  • Sandy Aftermath 
  • Pot legalized in CO and WA
  • 67 movies released (Flight, Lincoln, Twilight Saga, etc)
  • Veterans Day / Remembrance
  • The Fiscal Cliff approaches and is NOT resolved in November
  • Black Friday errrr ......Thursday
  • Thanksgiving
  • Brothers Birthday
  • Daughter & Son-in-Law move into new home
  • Son prepares for December 1st Music Production National Competition representing NYC in NYC DGMayne X iStandard Producer Showcase Finals
  • Surgery recovery, physical therapy and back to work
 Near Term Biggest Issue to all of us:

As we enter into December I sense a wider gap between Democrats and Republicans regarding the fiscal cliff.  This is a standoff at the American peoples expense (literally).  Would the guy at the left let this happen?  My solution:  No tax rate increase for households making under $500K (not $250K).  For every additional $500K increase the rate by 1% until a maximum of %35 is reached.  Those making over $4M annually will be capped at %35.  Not very Republican of me but I would vote for this as a compromise.  Next, reduce deductions in charitable contributions and mortgage interest by limiting the deduction to 50% of the interest and charitable contributions.  What else can be done to generate revenue or reduce government expense ?

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