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Thread: what happens IF we go over the cliff?

  1. #31
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    Quote Originally Posted by truthmatters View Post
    then why fear it?
    Where'd you get your degree in psychology, cracker jacks box?

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    Tell us WHY you think your claims woudl materialize.

    What would cause the results you claim would happen?

  3. #33
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    the taxes would go back to Clinton days.

    did the economy collapse under Clinton?

  4. #34
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    Is it the cuts that would cause a reccession?

  5. #35
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    this shows how false your claims are of tax cuts being the cure to everything

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    Quote Originally Posted by Peter1469 View Post
    The cliff isn't a cliff. It doesn't cut one penny. It only spends less than projected.

    The cliff is coming through our increased debt spending and the possibility of collapsing the USD.
    Correct, it's just a matter of time. The real wealthy can move and not pay taxes. Put their money elsewhere ect. After the bailout many went overseas on our dime and we the taxpayers paid them to do it.

  7. #37
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    that is NOT what the CBO projected for this cliff folks.


    facts matter.

    they predict reccession and DEBT REDUCTION with it

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    Quote Originally Posted by truthmatters View Post
    http://money.cnn.com/2012/08/22/news...ex.html?iid=EL


    If all the policies are allowed to go into effect, the CBO projects that the economy, as measured by GDP, will shrink by 0.5% between the fourth quarter of this year and the fourth quarter of next year. Unemployment, currently 8.3%, will rise to 9% in the second half of 2013. The CBO's forecast for 2013 has worsened since May, when it first forecast the fiscal cliff would cause a recession.

    The fiscal cliff would, however, improve the deficit picture greatly. The CBO forecasts the deficit will hit $1.1 trillion this year -- or 7.3% of GDP. But for 2013, it would fall to $641 billion, or 4% of GDP under the fiscal cliff. That would represent the biggest single year drop in the annual deficit as a percent of the economy since 1969.





    The fiscal cliff would, however, improve the deficit picture greatly. The CBO forecasts the deficit will hit $1.1 trillion this year -- or 7.3% of GDP. But for 2013, it would fall to $641 billion, or 4% of GDP under the fiscal cliff. That would represent the biggest single year drop in the annual deficit as a percent of the economy since 1969.






    facts matter

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    Quote Originally Posted by truthmatters View Post
    the taxes would go back to Clinton days.

    did the economy collapse under Clinton?
    Wrong as usual. Rescinding the entire Bush tax cut, most of which dollar-wise went to the middle and lower classes, would be returning to the Clinton taxes. Obama simply wants to target and class war against the people who already pay the bulk of the taxes.

    I favor repealing the entire Bush tax cut package. It actually would raise some significant money and drive home the point that the government spends far too much on the people who really would have to pay for it if the present level of spending is continued but deficits are significantly reduced.

    Obama's class warfare tax is not about doing anything seriious about the deficit. Never was. Obama isn't stupid and he knows the math as well as we do although it is clearly way above your pay grade.

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    You people dont really care about debt reduction

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