Angus vs. Angus
I recently posted (and firmly believe) that, without any spending cuts, the proposed set of "tax cuts" are not real, but rather just represent a temporal re-arrangement of when I will be paying taxes.
Yet somehow, I find myself invested in the cuts passing. I am almost titillated by the prospect of a 2 percentage point cut in the payroll tax.
How can this be?
1. I am an idiot?
2. Maybe I will die before the day of reckoning arrives?
3. More realistically, maybe I can make it into a lower tax bracket (i.e. retire) before the day of reckoning arrives?
4. Maybe large spending cuts are right around the corner?
People, which is more likely; I get to retire before the tax hammer comes down enough or big spending cuts materialize to prevent the hammer from falling?
If this post makes no sense to you, please to refer to point #1 above.