The Fiscal Cliff -- 48 days and Counting

How will Congress deal with the Fiscal Cliff (1 January 2013)??

  • Go Over the Cliff, Do Nothing, Not enough Time to Fix

    Votes: 24 30.8%

  • Cut the "Big Deal", Massive Tax and Entitlement Reform

    Votes: 6 7.7%

  • Remove "Tax Cuts" from the Equation

    Votes: 0 0.0%

  • Buy More Time, Kick the Can Down the Road 6-12 Months

    Votes: 31 39.7%

  • Buy More Time but with Some Spending Cuts and Tax Increases

    Votes: 14 17.9%

  • Other, Please Specify in your Posted Remarks

    Votes: 3 3.8%
  • Total voters
    78
  • Poll closed .
sailsmen said:
It is not about solving the spending caused Fiscal Catastrophe it is all about Redistributing Income, all else is irrelevant.
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The median income in the US is about $50k. You're not going to be able to generate any sympathy for people who make 10x that.

By the time the people in the middle class who make maybe 50% more than the median - people in the $75-100k range - realize that they're next, it's already over.
 
Here I alluded to a procedural sidestep by the POTUS..... I now read, that the request to negotiate this deal in the Senate came from SOH Boehner.......

My mistake..... Was wondering why he was so quiet this weekend.... Guess this is the Senate doing his job for him so the fallout (whatever it may be) won't stick to him.

Like Fast Black Merc says....... Vote em all out... Wipe the slate clean.......

GAMike said:
So because the President cannot risk a true bipartisan compromise with the House of Representatives (where the process is supposed to begin according to the Constitution), he sends VP Biden to the Senate to effect a vote that further confuses and polarizes low information voters, who he feels gives him some sort of mandate..... So much for leadership.... So much for working hard within the framework of government..........

The House of Representatives needs to not only push back, they need to educate people and expose this tactic for what it is......... An attempted end around of the American People.........
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cat in the hat said:
The median income in the US is about $50k. You're not going to be able to generate any sympathy for people who make 10x that.

By the time the people in the middle class who make maybe 50% more than the median - people in the $75-100k range - realize that they're next, it's already over.
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You are correct it is over. That's the point I have been making.

Although in theory it's possible there is no will to stop redistribution until complete collapse and barring an unforeseen giant leap in technology we are going to experience Argentina 2001. Argentina 2001 is the closest scenario I can find.

With in 7 years of the collapse ending those that currently have the Wealth will have 80% of it back and with in 10 years 99% of it back. Most people are not risk takers, the few that are is what generates wealth.

All that will result is unnecessary suffering, primarily impacting the poor.:mad:

I encourage people who I think have the skills to start their own business all the time. Two different groups asked to meet with me for feed back in the past several months and both I have encouraged to proceed with their new business plans.

I have taken measured risks on a number of occasions and have made a measured return as a result.
 
Using current growth rates Fed spending will equal 100% of GDP in 20 years. 100% taxation - here comes CastroMaoPotStalin! Gotta Love our elected "officials".:D
 
sailsmen said:
You are correct it is over. That's the point I have been making.

Although in theory it's possible there is no will to stop redistribution until complete collapse and barring an unforeseen giant leap in technology we are going to experience Argentina 2001. Argentina 2001 is the closest scenario I can find.

With in 7 years of the collapse ending those that currently have the Wealth will have 80% of it back and with in 10 years 99% of it back. Most people are not risk takers, the few that are is what generates wealth.

All that will result is unnecessary suffering, primarily impacting the poor.:mad:

I encourage people who I think have the skills to start their own business all the time. Two different groups asked to meet with me for feed back in the past several months and both I have encouraged to proceed with their new business plans.

I have taken measured risks on a number of occasions and have made a measured return as a result.
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If your projections are correct, what good is starting a new business if there's no customers with money?
 
jerrym3 said:
If your projections are correct, what good is starting a new business if there's no customers with money?
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The funny part about this is that that's the other aspect of what he's been saying all along: break 'em all until everyone has nothing and are all equal in that way (except of course the glorious policy writers, they are above the general populace, so sayeth them.)

I guess the final sentiment you could come to in this situation is "do you want to die fighting or sitting?"
 
MrBluGruv said:
The funny part about this is that that's the other aspect of what he's been saying all along: break 'em all until everyone has nothing and are all equal in that way (except of course the glorious policy writers, they are above the general populace, so sayeth them.)

I guess the final sentiment you could come to in this situation is "do you want to die fighting or sitting?"
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Tax the rich, feed the poor
'Til there are no rich no more

I'd love to change the world
But I don't know what to do
So I'll leave it up to you

Population keeps on breeding
Nation bleeding, still more feeding economy

Ten Years After: I'd Love to Change the World
 
Wait for it though, there will be a post that goes on for four pages about redistribution of wealth


The Ice Bucket Approves of this message
 
SC Cheesehead said:
Tax the rich, feed the poor
'Til there are no rich no more

I'd love to change the world
But I don't know what to do
So I'll leave it up to you

Population keeps on breeding
Nation bleeding, still more feeding economy

Ten Years After: I'd Love to Change the World
Click to expand...
You forgot "Oh Yeah!".......
Thanks. Now this song will be in my head all day.
 
PonyUP said:
Wait for it though, there will be a post that goes on for four pages about redistribution of wealth


The Ice Bucket Approves of this message
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Well, Brad, if you're increasing taxes, but not making any subtantive effort to cut spending or reduce the deficit, then what is the objective other than getting high earners to pay their "fair share"? :dunno:
 
SC Cheesehead said:
Well, Brad, if you're increasing taxes, but not making any subtantive effort to cut spending or reduce the deficit, then what is the objective other than getting high earners to pay their "fair share"? :dunno:
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I couldn't agree more Rex, we absolutely have to cut spending which will be the debate for the next two months as we approach the debt ceiling deadline
But all the googling and copy and pasting speaking of an apocalypse and Obamas goal being to bankrupt the country as it is his absolute desire to bankrupt the wealthy and give to people who aren't working is ridiculous and I'm fed up with it.
What he is trying to do is return to the Clinton tax rates. History has proven cutting taxes during time of recession does not work. Reagan knew it,George HW Bush knew it and Clinton knew it.
My hope is that now that he got his tax increase on the rich, the compromises will come in spending cuts, I agree with Mitch McConnels press release of yesterday.
Either way, it is not Obamas goal to destroy the world and all the copy and pasting of the sky falling is ridiculous


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