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g5jamz

Does everyone know what the "fiscal cliff" is?

39 posts in this topic

the fiscal cliff is," a great example of dems and reps not doing the job they were elected to do all year"

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Any deal, IMO, just delays the inevitable placing bets that the economy will rebound eventually and turn receipts upward. But as you just said, the math doesn't work.

Why not just go over the cliff and deal with the ramifications of cuts. Corporate America has to deal with that...our government should have to deal with it. 10% minimum across the board....and that includes employees.

I think the only way they get something meaningful done is to do it during the lame duck session where many of the people are already leaving and don't have to worry about partisan politics.

I think they are really close to having something done.

Boehner and Obama were really, really close but they are stuck over the Bush tax cuts. Most of the cuts and other tax increases I believe have already been agreed upon but Republicans are reluctant to raise income tax, even on the wealthy. Obama wants to roll them back and the Republicans are refusing.

I really think that is the only thing holding back a deal and I think it will get done.

I will have to wait until I see the finished product before I have an opinion on it.

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*sigh*

g5 why would you start a thread like this? Its a perfectly legitimate topic that I'm sure will dominate discussion on this board as the deadline comes closer- is your goal to make every thread you start resemble a troll thread?

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*sigh*

g5 why would you start a thread like this? Its a perfectly legitimate topic that I'm sure will dominate discussion on this board as the deadline comes closer- is your goal to make every thread you start resemble a troll thread?

Certainly didn't take but a couple posts in to make the bobber go under...

But we just had an election and the details exactly what entailed the fiscal cliff weren't really discussed in specifics. I was just wondering out of all the people here, without using Google, knew exactly what was going to happen.

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Why not just go over the cliff and deal with the ramifications of cuts. Corporate America has to deal with that...our government should have to deal with it. 10% minimum across the board....and that includes employees.

Since you asked why, the short answer is that politicians who are up for reelection in a couple years arent interested in making the the economy bottom out

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Certainly didn't take but a couple posts in to make the bobber go under...

But we just had an election and the details exactly what entailed the fiscal cliff weren't really discussed in specifics. I was just wondering out of all the people here, without using Google, knew exactly what was going to happen.

Alright, but just so you know it takes maybe 10 seconds to google a good summary on just about any topic

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Any deal, IMO, just delays the inevitable placing bets that the economy will rebound eventually and turn receipts upward. But as you just said, the math doesn't work.

Why not just go over the cliff and deal with the ramifications of cuts. Corporate America has to deal with that...our government should have to deal with it. 10% minimum across the board....and that includes employees.

I feel the same way. At some point people will suffer. Why keep delaying and running up the tab?

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The simple answer is that it is a safe gaurd to TRY and circumvent republican obstructionism when it comes time to CO-OPERATE.

I think it was necessary and a pretty ingenious way to force their hand after they played chicken with the entire US economy last time around, ultimately leading to a credit downgrade for the entire country.

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Working middle class will get absolutely rapped if congress and obama don't get their poo together... Inflation going through the roof, salaries stay the same and possibility of tax rate almost doubling?

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It is most likely that there will be some kind of agreement in the first quarter of next year that will put off any real pain until after the 2014 elections and kick the can down the road.

It will likely never happen but the best thing for our country might be to allow the automatic spending cuts and tax increases to take place.

Many people keep bringing up the issue of not wanting to leave their children and this country in financial ruin, well here is your chance to man up.

Tell your reps to let the cuts go into effect.

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not that easy nan. right now i think a totally innovative, out of the box approach needs to happen. congress and the wh are going to try and do what clinton &co did in the 90's hoping for the same results.

the shrinking workforce/unemployment/more getting done with less people is the chickens coming home to roost.

i will keep saying it but a 100k jobs a MONTH need to happen consistently within a year or less or we are some severely tough times.

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I'm probably in the minority here. But let the tax cuts die. Bring back the rates before Bush cut them. But also look into what they can cut to save money too.

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