The fiscal cliff is not sequestration. That merely spends less money than previously planned. It doesn't cut a dime.
The fiscal cliff is not sequestration. That merely spends less money than previously planned. It doesn't cut a dime.
Huh?
So spending cuts do not involve dimes?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.
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.
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.
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.
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.
(Fond wishes from 12000 miles)
Last edited by Awryly; 11-13-2012 at 09:40 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.
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.
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?