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Fiscal Cliff? Let's Go!


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Showing 1-25 of 82 posts in this discussion
Initial post: Dec 25, 2012 9:32:43 AM PST
Grim says:
The so-called fiscal cliff is nothing to worry about. 1) It puts taxes back to the relative sanity of the pre-Bush levels and 2) it slows the increase in federal spending across the board (even for those money-hungry boys at the Pentagon).
Why is everyone in a panic? It already is a compromise.

Posted on Dec 25, 2012 9:39:16 AM PST
Bring on the cliff! I'm hoping they don't "avoid" it either myself.

In reply to an earlier post on Dec 25, 2012 9:41:36 AM PST
not really
taxes go up way more than spending cuts

we need 40-1 ratio of spending cuts to taxes

they are running out of OPM to take and spend
we have to stop spending

Posted on Dec 25, 2012 8:04:51 PM PST
Mike says:
I'm somewhat on the cusp on the fiscal cliff. Part of me would like to see us go over it. I'm just hoping that the economy can stand up to it.

On the other hand I still think that if they put their egos aside that the Dems and moderate Repuplicans (yes there are still of few) could put a deal together that could be preferable to the cliff. This said I also agree that the "deal" they come up with may be long term worse than just letting the cliff happen.

I also think we need to resurrect the Pay As You Go law that the Republicans did away with during Bush's first two years. This more than anything told me that Republicans weren't serious about fiscal conservatism. But then they couldn't go on the spending spree that followed if they hadn't gotten rid of it.

Posted on Dec 25, 2012 9:15:48 PM PST
[Deleted by the author on Dec 25, 2012 9:16:12 PM PST]

Posted on Dec 25, 2012 9:18:12 PM PST
Last edited by the author on Dec 25, 2012 9:18:45 PM PST
The fiscal cliff is an inelegant solution, but preferable to the Obama Grand Sellout, and far more preferable than the Republican plan.

I think the real panic is because the Budget Control Act of 2011 is "good enough" without dismantling Social Security and Medicare (which mostly Republicans want to do), and because it cuts some Pentagon Pork for the first time in decades.

In reply to an earlier post on Dec 26, 2012 7:04:02 AM PST
Last edited by the author on Dec 26, 2012 7:05:15 AM PST
ZOMG

Very, very well-said. Let's just go off & see if the Repubs can say no to a tax cut for the 1st 250K of income.

Demos should absolutely demand Repubs "put it in writing" that they want to cut MCare & Soc Sec NOW, i.e. cut current benefits to current retirees. Then let AARP loose on them in 2014. Bye-bye Repubs.

Posted on Dec 26, 2012 7:34:44 AM PST
OldAmazonian says:
Lemmings!
On the march!

Posted on Dec 26, 2012 9:34:38 AM PST
I almost welcome it for two reasons:

1. The average voter will finally realize how much of the "Bush tax cuts" went to the bottom 98% and even the bottom 50%.

2. Taxes and spending changes on a "temporary" basis will be exposed as the "kicking the can" disaster and failure they are designed to get current politicians brownie points while putting all the unintended consequences on future politicians (and voters.)

In reply to an earlier post on Dec 26, 2012 9:54:40 AM PST
Going over the cliff would force them to get their budgeting nightmare in order. Otherwise, you will see more superficial modifications and more kicking of the can.

In reply to an earlier post on Dec 26, 2012 11:32:25 AM PST
[Deleted by the author on Dec 26, 2012 11:33:00 AM PST]

In reply to an earlier post on Dec 26, 2012 4:12:03 PM PST
Last edited by the author on Dec 26, 2012 4:12:32 PM PST
the bottom 47% does not pay any taxes

and many o fthem get money back from us too

In reply to an earlier post on Dec 26, 2012 4:15:28 PM PST
Truthseeker says:
The fiscal cliff is probably the medicine Americans and the world needs, but it will mean short-term pain in 2013 with the economy possibly sliding back into recession after a year of very good 3% growth. Unemployment will also probably go up in the short term.

And best of all for Obama, the time before the debt ceiling will need to be raised will be extended.

In reply to an earlier post on Dec 26, 2012 5:02:55 PM PST
RichDA says:
Total nonsense. 83% pay payroll taxes. The 47% number is pure BS.

In reply to an earlier post on Dec 26, 2012 5:15:56 PM PST
Last edited by the author on Dec 26, 2012 5:26:03 PM PST
horse

"the bottom 47% does not pay any taxes"

How can you be SO wrong about this at this late date? Seriously? Do you read English?

Evidently not. You need to try again. Go back to school if you can't read these:

http://www.dailyfinance.com/2012/09/19/mitt-romney-surprising-facts-pay-no-income-tax/

http://www.theatlantic.com/business/archive/2012/09/the-47-who-they-are-where-they-live-how-they-vote-and-why-they-matter/262506/

For your cluelessness, I'll reiterate: most of the 47% have jobs, work & pay taxes. In fact, most of them pay payroll taxes, which pay for Social Security & Medicare. Roughly 10% of them are on Soc Sec, ~7% are on other benefits.

Soc Sec & Mcare are, in fact, the biggest entitlements that will likely need cutting in our future. So actually, if you are concerned about those entitlements, it is 100.000000000000000000000000% IRRELEVANT that 47% of households pay no income tax. Do you get that? It's IRRELEVANT.

What COUNTS is that ~82% of American households pay payroll taxes, & those are the taxes used to pay for SS & Mcare. Get it?

[Edit: Actually, the ~18% who don't pay payroll taxes DO pay other taxes, including state & local & federal excise taxes. So the bottom 47% most certainly DO pay taxes.]

So ALL of you righties who repeatedly harp about "the 47%" & our "excessive entitlements" like SS & Mcare are ignorant, illogical, irrational, lazy & incompetent. MAYBE you're less idi0tic that Mittens Rmoney, but I doubt it.

Edit: I see RichDA is also aware of this, & said it more briefly & elegantly.

In reply to an earlier post on Dec 26, 2012 5:30:46 PM PST
Last edited by the author on Dec 26, 2012 5:31:19 PM PST
Truthseeker says:
Here is an idea on how Obama can, once again, bypass a dysfunctional Congress, and a completly whacko GOP.

After January 1st, order the IRS to only collect Bush tax rates for everyone earning under $250,000 and the Clinton rates for the rest. The IRS of course is part of the Executive Branch and reports to the President.

Posted on Dec 26, 2012 5:30:47 PM PST
Last edited by the author on Dec 26, 2012 5:39:36 PM PST
D. Jones says:
I think the fiscal cliff should come so everyone can feel it and they will also realize when with the tax increase there is not enough money to do all this spending.

Some of you here want it to come but still want to spend. You do not get it. The big guys hold the key. You might have the vote but here is the deal..money will ALWAYS rule. The rich will stop investing .. the rich will stop spending and creating jobs.. Jobds will be loss. You might not be concerned now and think that this is America and we can take it....Well you are wrong!

THe whole world is concerned but somehow you who sit in this country think it is nothing to spend spend then you are clueless and the fical cliff should come so that you can see what happens.

Common sense ..should tell you what people do when you attack them. The rich can stay silence in all different ways while you scream and yell about hardship. They can just go on a vacation which they should if you are going to attack them.

I think Republican should just hand everything over and let it fall.. that is the only way dense people can see.. there are irresponsible people out there who think that spending beyond their means is nothing.

In reply to an earlier post on Dec 26, 2012 5:49:55 PM PST
RichDA says:
If you are so concerned about the plight of the rich I suggest you right a personal check or start a charity. I don't have a problem with asking the rich to pay their fair share of taxes. If returning to a previous tax rate is more than they can take I say good riddance.

In reply to an earlier post on Dec 26, 2012 5:51:03 PM PST
horse cannot read but only type, a feat for one with hooves

In reply to an earlier post on Dec 26, 2012 5:56:51 PM PST
Last edited by the author on Dec 26, 2012 5:57:11 PM PST
CS

LSHMSFOAIDMT!!

;)

Posted on Dec 26, 2012 5:57:06 PM PST
Last edited by the author on Dec 26, 2012 6:02:52 PM PST
D. Jones says:
No one is concerend about rich.. See that is the way resentlful useless people think. They use the Govt to pressure others.

You cannot pressure someone who has money.. and they do give to chartity unlike you who do not have to give..
The rich can survive.. The moment you understand that is the moment I will think your brain cell is not toasted. You actually think you can hurt them?

There are so much loop holes..you can increase it by 40% and it woudl still not do a thing but hurt the middleclass. The middle class is screwed no matter what now. It is the spending that kills the country.

You are all diverting away from that issue when it is so basic. Speaking about fair share and all this other crap is just to spend more on nonsense. Increasing tax by 100% will not do a thing with all these nonsense apending. It is like going to buy a video game when you should be replacing the rotted roof.

In reply to an earlier post on Dec 26, 2012 6:00:38 PM PST
We Aim to Please, Will You Aim Too Please wall saying vinyl lettering home decor decal stickers quotes

In reply to an earlier post on Dec 26, 2012 6:02:12 PM PST
remember that little boss man in the watchamacallit you know, that super family animated cartoon, red suited, and the boss whines for the stock holders

you sound just like him

NO one thinks of the stockholders . . .

In reply to an earlier post on Dec 26, 2012 6:05:26 PM PST
Last edited by the author on Dec 26, 2012 6:06:56 PM PST
D. Jones says:
Yup and you sound like you watch family man cartoon/.:) I do not watch and have no idea what you are speaking of but you do sound like a couch patato who thinks anyone successful is somhow cheating you while you sit on your couch watching Family Man

Whine? Just becuase I disagree with your nonsense. You sound like you never had a budget to work with in your life. Let me guess you already plan what to spend before your next paycheck or govt check?

Posted on Dec 26, 2012 6:08:34 PM PST
[Deleted by the author on Dec 26, 2012 6:10:08 PM PST]
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Discussion in:  Politics forum
Participants:  18
Total posts:  82
Initial post:  Dec 25, 2012
Latest post:  Dec 29, 2012

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