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Thread: Fiscal Cliff will we solve it in time? Yes or No...

  1. #21

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    Peter1469's Avatar tPF Moderator
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    The fiscal cliff is not sequestration. That merely spends less money than previously planned. It doesn't cut a dime.

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    Awryly's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    The fiscal cliff is not sequestration. That merely spends less money than previously planned. It doesn't cut a dime.

    Huh?

    In the United States, the fiscal cliff is a neologism referring to the effect of a number of laws which if unchanged, could result in tax increases, spending cuts, and a corresponding reduction in the budget deficit which could significantly reduce economic growth beginning in 2013.[1] These laws include tax increases due to the expiration of the so-called Bush tax cuts and across-the-board spending cuts under the Budget Control Act of 2011.
    So spending cuts do not involve dimes?
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    Don't raise debt ceiling. Let it crash. It is going to anyways either by more debt or stopping the borrowing b/c we won't cut what needs to be cut.

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    Yes. Unfortunately. I say that because it will come at the cost of a cave in of the republicans, as it always does. You have to admit we are in a weaker position. If anything goes right, obama will get the credit from the MSM. If anything goes wrong, the GOP will get the blame from the MSM. That's how it works folks.

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    Quote Originally Posted by Mainecoons View Post
    Republicans should agree to total repeal of the "Bush" tax cuts. That will raise serious money and give the Democrats what they deserve.

    Singling out a group that already pays most of the taxes is class warfare and should be rejected on that basis.
    Good then we agree ...
    "And in their defense, there are two reasons why coming up with an alternative has proven to be difficult," Obama said. "First, it's because the Affordable Care Act pretty much was their plan before I adopted it!"

    ~ Barack Hussein Obama - The 44th President of The United States

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    Quote Originally Posted by PatriotNews View Post
    Yes. Unfortunately. I say that because it will come at the cost of a cave in of the republicans, as it always does. You have to admit we are in a weaker position. If anything goes right, obama will get the credit from the MSM. If anything goes wrong, the GOP will get the blame from the MSM. That's how it works folks.
    I am sure the Pugs have other caves to play in.
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  7. #27
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    Quote Originally Posted by Awryly View Post
    Huh?



    So spending cuts do not involve dimes?
    Huh?

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    Quote Originally Posted by Bane View Post
    Don't raise debt ceiling. Let it crash. It is going to anyways either by more debt or stopping the borrowing b/c we won't cut what needs to be cut.

    The fiscal cliff has an interesting array of political possibilities.

    Some Dems say let it happen so that they can blame (proven) Republican obstructionism and retake the House. Some Pugs say let it happen so that they can (hopefully) blame the Democrats and cement their majority. (But they have lost any reputational ability to do that in any credible way.)

    The Dems have the better strategy and the stronger levers. They can totally neutralise the Republican extremists if the tax increases and expenditure cuts go ahead. Especially if they can cast Republican extremists as having caused it. Even moderate Republican politicians would welcome that because it would give them the edge over Tea Party incumbents.

    Maybe you will have to jump after all.

    Happy landing.

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    Last edited by Awryly; 11-13-2012 at 08:40 PM.
    Come sit down beside me I said to myself
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  9. #29

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    Nobody has even suggested a credible plan to cut deficit spending. It is set to increase for the next 10 years. Just at least of a rate than previously planned.

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    They will do something to put a temporary band-aid on the problem like they always do. Hell, if liberals are unwilling to cut funding for Big Bird, does anyone really believe they will ever get serious about cutting $1 trillion?

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