Super Minion
Wonder What That "Financial Cliff" Is All About?
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Senior Member
How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
Ronald Reagan
Super Minion
From the OP, I was thinking of some serious issues:
...The fiscal cliff is the culmination of a decade of “temporary” tax and budget bills that have postponed resolution of key policy differences. Should the tax code be used to heavily promote income distribution or aim instead to raise revenue in the least distortive manner possible? How large should federal spending be? Should PPACA be modified or repealed? Should there be a federal estate tax and if so, at what level? Should the payroll tax be reduced and if so, how should we fund Social Security and Medicare? What should Social Security, Medicare, and Medicaid look like as the population ages?...
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Liberal moonbat
A very intriguing and somewhat startling explanation. Let's hope our legislators can put aside partisan bickering and find a solution.
nuke-u-lar get it right
I wouldn't count on it!!!Originally Posted by gabosaurus
Experience is what you get when you don't get what you want." -Dr. Randy Pausch
Death is lighter than a feather, Duty is heavier than a mountain
Not so junior as all that
It didn't seem startling or intriguing to me --- did we read the same article? It just said that the whole point of the Fiscal Cliff is to postpone resolution of .........well, everything. All of the issues.
And that the gov. is sure to postpone it all again.
"...past practice suggests Washington will once again duct tape together another short-term extension and put off the hard choices..."
So why worry? Come on, we all know that's what will happen. They will postpone it all till the end of March, and then it will somehow disappear into oblivion, trussed up and body-bagged in red tape.
And I so very don't care.......
Super Minion
If the president is unwilling, unable to work with the House, sequestration will occur. That would be step 1 in 'world of hurt.' If somehow they 'kick the can' with no resolution, credit rating will again be downgraded, (this is the IL, NJ, CA model), increasing the costs of borrowing which will be increasing because of 'kicking the can.' That would be another Step 1 towards 'world of hurt.' See, it's sort of like those books we liked in jr. high, "Write your own adventure novel..."
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Senior Member
I suspect you will care when your government check bounces
How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
Ronald Reagan
Not so junior as all that
Might be sort of fun, though.....................................
Come on, I know a bunch of you want to see the country fall off the fiscal cliff. It would be fun!
I'm so bored. Let's do it.
Hey, it canNOT be worse than what is going on in Greece, after all.
Try the experiment! Use the fiscal cliff to pay down that huge, gargantuan, obscene Obama deficit. I'm for it.
Senior Member
We ARE GREECE. Our debt is over 100% of our GDP. Obama borrows FOUR BILLION DOLLARS per day - 7 days a week - to cover the annual deficit. There are not enough people and companies to tax to cover that amount. Obama could tax the top 2% at 100% and the money generated might cover the current rate of government spending for about a 2 weeks. You saw how the left and liberal media went nuts over the idea of cutting Sesame Street. How will they react when someone talks about cutting back on Social Security and Medicare?
How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
Ronald Reagan
Super Minion
And we have a problem Greece didn't face, the world altogether cannot bail out our level of debt.
As for Mundame's suggestion to play a game, with something she doesn't care about, it's already been done:
http://bipartisanpolicy.org/blog/201...-sequestration
http://www.cato-at-liberty.org/let-s...ration-happen/
http://www.brookings.edu/research/ar...defense-singer
Pick your bias. None of them actually 'know' what the ramifications would be.
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Senior Member
I do not who is worse Kat. Those who think they are entitled to other peoples money and live off the government. Or bimbos like Mundame who are "do not care" and sit back on their ass and do not vote out of bigotry. We are in deep trouble and the Obama financial House \of cards is about to fall on top of all of us. Everyone knows the entitlements are killing us, but those on the government handout list think they will be dead and gone when the Day of Reckoning comes so they ignore what needs to be done
How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
Ronald Reagan
Super Minion
More for her 'games.'
http://www.nationaljournal.com/natio...onths-20121002
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Not so junior as all that
Whoa, so the libertarian and conservative think tanks are with me on this, let's try falling over the fiscal cliff, it might work out after all?
Hey, great minds think alike.....ouch. I sprained my arm patting myself on the back.
Yes, time to actually carry thru. The sequestration deal did have a point: to force the government to deal with the deficit. Unless we run over the fiscal cliff, the Obama government will do nothing ever but ADD to the deficit: you all know that.
So let's deal with it. In Europe, they are forcing Greece and Spain to deal with it despite 50% unemployment or worse among some demographic groups. If we could clean this awful deficit up on better terms, it might be worth a slowdown.
Not so junior as all that
Wishful thinking, though.
They'll just kick the can down the street: that's what government does.
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