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

  1. #71
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    Quote Originally Posted by Chris View Post
    Exactly. as if some abstract good can be calculated for naturally free individuals.

    Wow. Yet tens of millions of Americans believe in an abstract god that will save them.

    Individually.
    Come sit down beside me I said to myself
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    Anon. Very anon.

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    Quote Originally Posted by Fearandloathing View Post
    Actually they all appear to look like solutions. The tax loopholes for the rich are an exaggeration......and the tax generated on all the listed measures still won't pay the interest on the US short term debt.

    As stated earlier, the US federal budget needs to be severely amputated.

    That's the only way this gets fixed and it ain't gonna happen. There is no one in elected office now who would gamble their political careers and probably lose in the process.
    That's no argument to not tax the rich. All it means is that you will have to cut your standard of living across the board.

    You have lived far beyond your means for far too long.

    The question is who, in equity, will pay. I'd start with your silly military. Which costs a bomb to do nothing of value and just annoy people. Especially in places like Bahrain where it protects the royal despots against unruly citizens wanting to rule themselves.

    King George anyone?
    Last edited by Awryly; 11-14-2012 at 10:48 PM.
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    There is now Republican talk of a "fiscal staircase"

    No doubt they expect it will lead to divine salvation.
    Come sit down beside me I said to myself
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    Quote Originally Posted by Awryly View Post
    There is now Republican talk of a "fiscal staircase"

    No doubt they expect it will lead to divine salvation.
    Here's you fiscal staircase.

    That's where things get a little tricky. The whole fiscal-cliff metaphor is specifically designed to sound super scary, but it's really kind of misleading. Here are two different ways of looking at it:
    • The fiscal-cliff way: On January 1, about $400 billion in tax increases and $200 billion in spending cuts will take effect. That's $600 billion, or 4 percent of GDP, and that would be a huge drag on the economy.
    • The fiscal-staircase way: On January 1, total spending cuts and tax increases of about $1.6 billion will take effect. On January 2, another $1.6 billion. On January 3, another $1.6 billion. Etc.

    You see? We're not really going to fall off a cliff on January 1. The cumulative effect of all this stuff will be pretty small for the first few weeks. It's only if it drags on forever that we really feel the hit.
    @ What's Going on With the Fiscal Cliff?

    It's from MotherJones.com, a liberal rag.

    YOu really know American politics, doncha.


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    Quote Originally Posted by Chris View Post
    Here's you fiscal staircase.@ What's Going on With the Fiscal Cliff?It's from MotherJones.com, a liberal rag.YOu really know American politics, doncha.
    Ah, but your sharemarket will crash. Again. You know how equity markets get their knickers in a twist at any sign it can't make money out of the military. Which, hey ho, also gets cut by billions.
    Last edited by Awryly; 11-22-2012 at 10:31 PM.
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    Corporate Capitalism is a Failure measured against the axiom: "The greatest possible good, for the greatest number of people." Corporate (ie: Venture) Capitalism is the opposite. It the exponential good for the few, at the expense of low standard of living for the many.

    Democratic Socialist Mechanized Distribution. Thats the future that uses the technology to provide mass production, without even the necessity of much of a human labor force. It could provide every individual with a standard of living to start with, from which, then conventional "small" and "free" markets that use capitalist principle could thrive. No monoply or Facist Corporations allowed, however.

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    Quote Originally Posted by Chris View Post
    Here's you fiscal staircase.



    @ What's Going on With the Fiscal Cliff?

    It's from MotherJones.com, a liberal rag.

    YOu really know American politics, doncha.

    Quote Originally Posted by Awryly View Post
    Ah, but your sharemarket will crash. Again. You know how equity markets get their knickers in a twist at any sign it can't make money out of the military. Which, hey ho, also gets cut by billions.
    SO what was that about that Rep fiscal staircase again?

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    Quote Originally Posted by GrumpyDog View Post
    Corporate Capitalism is a Failure measured against the axiom: "The greatest possible good, for the greatest number of people." Corporate (ie: Venture) Capitalism is the opposite. It the exponential good for the few, at the expense of low standard of living for the many.

    Democratic Socialist Mechanized Distribution. Thats the future that uses the technology to provide mass production, without even the necessity of much of a human labor force. It could provide every individual with a standard of living to start with, from which, then conventional "small" and "free" markets that use capitalist principle could thrive. No monoply or Facist Corporations allowed, however.
    Why would you want to measure anything against a Utilitarian axiom? If capitalism is so bad then why is it social democracy's goal to manage it? Social democracy is the worst form of socialism, far worse than communism, fascism, nazism. It's undermining the invisible hand.

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    Quote Originally Posted by Chris View Post
    SO what was that about that Rep fiscal staircase again?

    Who knows? I saw it first mentioned by one of those Republican barbie dolls yapping on CNN.

    I hope she has told the share market
    Come sit down beside me I said to myself
    And although it doesn't make sense
    I held my own hand as a small sign of trust
    And together I sat on the fence


    Anon. Very anon.

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    Quote Originally Posted by Chris View Post
    Why would you want to measure anything against a Utilitarian axiom? If capitalism is so bad then why is it social democracy's goal to manage it? Social democracy is the worst form of socialism, far worse than communism, fascism, nazism. It's undermining the invisible hand.
    That's really funny. Scandinavian and Australasian countries, which are social democracies of the best (you would say worst) kind, came out of the GFC in much better shape than the US fascist plutocracy that caused it. As did Germany.

    Why did the "invisible hand" selectively wank the US into a paroxysm of self-destruction?
    Last edited by Awryly; 11-23-2012 at 07:10 PM.
    Come sit down beside me I said to myself
    And although it doesn't make sense
    I held my own hand as a small sign of trust
    And together I sat on the fence


    Anon. Very anon.

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