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Commentary on this Fiscal Cliff deal....

  • Obviously on this board many responses will be FOXNEWs' copy and pasted basically but I was wondering what everyone thinks so far. Facts we will start off with:

    --- Nancy Pelosi is a demon, this is established

    Ok, continue.

    fsufsu

  • Both sides are blinded by the D and R in front of their name.

    WRobins

  • It's a sad circus of self-serving shitheads.

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • Well - we elected Santa Claus .... What did you expect? Free gifts cost money...

    Leppycole

  • By the way, delaying a economic contraction from too swift of deficit reduction isn't hard to do. Neither is actually reducing future deficits. Hell. I could do it right now without touching income or cap gains taxes and get it below an averaged growth rate,

    Worthless POS politicians of course can't do this of course. fingergun

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • Leppycole said...

    Well - we elected Santa Claus .... What did you expect? Free gifts cost money...

    And it's censored this that just keeps the censored flying. facepalm_msu

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • At this point I am almost cheering for the cliff. I doubt even that would rouse such a pitifully apathetic general population to legitimately throw off its government (read: Congress).

    fsufsu

  • fsufsu said...

    At this point I am almost cheering for the cliff. I doubt even that would rouse such a pitifully apathetic general population to legitimately throw off its government (read: Congress).

    why would they throw off its govt...

    poors dont pay for anything and are getting more handouts than ever... middle class is busy trying to stay afloat.... Rich are upset they are paying x% more than before.

    try telling your wife you have to take an unpaid day for a rally... see her expression.

    gordo8471

  • BamaLivesFootba said...

    And it's censored this that just keeps the censored flying. facepalm_msu

    I've never seen so much support for failure...

    Don't worry BLF - nobody is taking your welfare away - get back to Black ops and Halo 4

    Leppycole

  • What happens if nothing is decided by the deadline? Is it just taxes returning to Clinton levels?

    ReasonableDoubt

  • Leppycole said...

    I've never seen so much support for failure...

    Don't worry BLF - nobody is taking your welfare away - get back to Black ops and Halo 4

    Do you even know what the "fiscal cliff" actually is? Because I don't think you do.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • ReasonableDoubt said...

    What happens if nothing is decided by the deadline? Is it just taxes returning to Clinton levels?

    Well it takes time for it all to go through, but yes rates would rise back to Clinton levels for income,cap gains...payroll taxes would go back to pre-2011 levels...defense cuts would take a little longer.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • ReasonableDoubt said...

    What happens if nothing is decided by the deadline? Is it just taxes returning to Clinton levels?

    Yes, taxes will be raised to those levels. The increase in taxes isn't what to worry about though. Spending cuts will be what crushes our economy if we end up going over the cliff.

    Jack Passion

  • Yeah - just another excuse 4 years later to blame Bush for the absent leader position in the White House.

    You debate like a child - emoticons, dismissive rhetoric, and speculative narcissistic perspective....which is clear you are under 22 years of age and unemployed.

    Leppycole

  • Leppycole said...

    Yeah - just another excuse 4 years later to blame Bush for the absent leader position in the White House.

    You debate like a child - emoticons, dismissive rhetoric, and speculative narcissistic perspective....which is clear you are under 22 years of age and unemployed.

    Solid deflection. Clearly you don't understand it or otherwise you would be all for it.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • By the way, I am employed and have been working since I was elligible to.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • Handout people are apathetic to government until they are missing their handout, or their entitlement guy needs their vote.

    Not sure how anyone could vote for someone who has never passed a budget, but many of those voters don't live by a budget in their own lives.

    Both sides have their faults and people continue to accept idiots as politicians and blindly vote for them. As a people, we get what we continuously elect: incompetence.

    WRobins

  • Jack Passion said...

    Yes, taxes will be raised to those levels. The increase in taxes isn't what to worry about though. Spending cuts will be what crushes our economy if we end up going over the cliff.

    What are the spending cuts. Maybe I'm missing it but I don't see the down part.

    ReasonableDoubt

  • ReasonableDoubt said...

    What are the spending cuts. Maybe I'm missing it but I don't see the down part.

    There is across the board discretionary spending cuts, which is detrimental to the economy.

    Jack Passion

  • ReasonableDoubt said...

    What are the spending cuts. Maybe I'm missing it but I don't see the down part.

    $55B from both non-defense discretionary and defense spending for FY 2013-2022.

    If you are talking about pure deficit reduction, the fiscal cliff is a good thing.

    However, the size and scope of the cuts at this time are ill-timed.

    The cuts and taxes will likely send the economy back into recession which not only contracts gdp (lowering one end of the debt to gdp ratio) it also will likely offset some of the deficit reduction in lower revenue.

    Basically, the whole point of not letting the cliff happen is to deal with future deficits in a way that doesn't hamper economic growth significantly. This can be done in different ways.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • BamaLivesFootba said...

    $55B from both non-defense discretionary and defense spending for FY 2013-2022.

    If you are talking about pure deficit reduction, the fiscal cliff is a good thing.

    However, the size and scope of the cuts at this time are ill-timed.

    The cuts and taxes will likely send the economy back into recession which not only contracts gdp (lowering one end of the debt to gdp ratio) it also will likely offset some of the deficit reduction in lower revenue.

    Basically, the whole point of not letting the cliff happen is to deal with future deficits in a way that doesn't hamper economic growth significantly. This can be done in different ways.

    Agreed. Austerity should be preformed when the economy is on stable grounds. Europe attempted to cut their way out of debt and ended up in much, much worse shape.

    Jack Passion

  • BamaLivesFootba said...

    $55B from both non-defense discretionary and defense spending for FY 2013-2022.

    If you are talking about pure deficit reduction, the fiscal cliff is a good thing.

    However, the size and scope of the cuts at this time are ill-timed.

    The cuts and taxes will likely send the economy back into recession which not only contracts gdp (lowering one end of the debt to gdp ratio) it also will likely offset some of the deficit reduction in lower revenue.

    Basically, the whole point of not letting the cliff happen is to deal with future deficits in a way that doesn't hamper economic growth significantly. This can be done in different ways.

    Our President reminds me of Coach Mike London

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    vtfan_90

  • vtfan_90 said...

    Our President reminds me of Coach Mike London

    The sequestration and tax sunsets were a bipartisan agreement to force deficit reduction. The plan was to come to an agreement to augment the reduction to minimize its affect on the economy. The only problem is its an election year and the dickhead politicans had to campaign the whole time.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • BamaLivesFootba said...

    The sequestration and tax sunsets were a bipartisan agreement to force deficit reduction. The plan was to come to an agreement to augment the reduction to minimize its affect on the economy. The only problem is its an election year and the dickhead politicans had to campaign the whole time.

    Yep and what I meant by that is great motivational speakers rah rah type guys. Willing to push blame to everybody else when something goes wrong. And I would not trust either one with the game on the line to make the right decision for their team or country in this case.

    I really have no faith in the gov't right now. I agree with you the election suck because the first 4 years a president is in office is a waste.. The first 2 years are a celebration/victory tour and the next 2 years are spent trying to get back in for another 4 years.

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    vtfan_90

  • vtfan_90 said...

    Our President reminds me of Coach Mike London

    He's actually a little more like Frank. Unwilling to budge from the status quo.

    JoeHoo

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