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(Yahoo)   Ben Bernanke trekked to Capitol Hill on Wednesday to caution Senate lawmakers on the economic dangers of the "fiscal cliff." Lawmakers are expected to leave town this week and not return until after the elections. Yeah, we're pretty much screwed   (ca.news.yahoo.com) divider line 171
    More: Scary, Capitol Hill, Bernanke, Senate, Baucus, Best Thing, G's, Senate Finance Committee, Senate lawmakers  
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5876 clicks; posted to Main » on 20 Sep 2012 at 1:29 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-20 11:07:54 AM
Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

www.ctj.org

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.
 
2012-09-20 11:18:44 AM
That is a sweet scenario to hold the country hostage over, the teabaggers are going to love Obama's second term. They wouldn't have that same freedom with a Romney presidency.
 
vpb [TotalFark]
2012-09-20 11:51:32 AM

FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.


I think the difference between us and "third world" countries is that it used to socialy unaceptable to put your party ahead of the good of the country. We have had disagreements over what IS best, but this is the first time (since the civil war) that a party has taken this scorched earth, winn-at-all-costs approach to governing.
 
vpb [TotalFark]
2012-09-20 12:01:05 PM
It could be a good thing in the long run. It could force the trailer trash to grasp that government spending isn't all welfare for Shaquanda and her 37 bastards.
 
2012-09-20 12:46:24 PM
Fiscal Cliff. One of the least popular X-Men.
 
2012-09-20 01:15:05 PM
Let it happen. The teatards wanted it, and the teatards shall get it.
 
2012-09-20 01:32:05 PM
Time to harvest some market gains and stock up on cash
 
2012-09-20 01:33:21 PM

vpb: FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.

I think the difference between us and "third world" countries is that it used to socialy unaceptable to put your party ahead of the good of the country. We have had disagreements over what IS best, but this is the first time (since the civil war) that a party has taken this scorched earth, winn-at-all-costs approach to governing.


^^^
Quoth I.
 
2012-09-20 01:34:19 PM
The lame duck congress is going to fark it all up. Really hope Obama doesn't sign anything until 2013.
 
2012-09-20 01:34:19 PM

Snarcoleptic_Hoosier: Let it happen. The teatards wanted it, and the teatards shall get it.


Stupid face, I'll show it, I'm gonna cut off its nose. That'll show that stupid face.
 
2012-09-20 01:34:55 PM
Fiscal Cliff

Is that Jimmy's brother?
 
2012-09-20 01:35:32 PM

monoski: Time to harvest some market gains and stock up on cash ammo


When the Zombie Apocalypse starts, cash will be useless.
 
2012-09-20 01:36:20 PM

thurstonxhowell: Snarcoleptic_Hoosier: Let it happen. The teatards wanted it, and the teatards shall get it.

Stupid face, I'll show it, I'm gonna cut off its nose. That'll show that stupid face.


Yeah, I know Wall Street gets a bad rap, but those numbers on the CNBC ticker indirectly represent our jobs.
 
2012-09-20 01:36:28 PM
The Economy is now and always has been better off when Politicians stayed the Fark out of it
 
2012-09-20 01:37:01 PM
Why isn't it a crime for lawmakers to not do their job?

/Imagine how much more work would get done if it was treason to miss a house or senate session.
 
2012-09-20 01:37:58 PM

FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.


Is that REALLY where that photo came from? If so, that's ...remarkable.

/A little less-so since the Republican primaries were a non-stop pander-to-the-bible-thumper-tax-cutting-know-nothing-base-a-thon.
 
2012-09-20 01:38:25 PM
Bunch useless douche bags...
 
2012-09-20 01:38:44 PM

fluffy2097: Why isn't it a crime for lawmakers to not do their job?

/Imagine how much more work would get done if it was treason to miss a house or senate session.


cuz they make the laws
 
2012-09-20 01:40:19 PM
They should be scared of not voting for Obama. He'll have no reason not to veto any and all attempts to prevent the tax cut expiration if he's voted out. He can torch the whole place and will have no reason not to if Citizens United Personified steals wins the election.
 
2012-09-20 01:43:17 PM

vpb: FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.

I think the difference between us and "third world" countries is that it used to socialy unaceptable to put your party ahead of the good of the country. We have had disagreements over what IS best, but this is the first time (since the civil war) that a party has taken this scorched earth, winn-at-all-costs approach to governing.


Actually, a fevered wet-dream for tea partiers and republicans would be to turn the US into a third world country, like Pakistan

A ruling elite, a downtrodden lower class, a national religion, emphasis on the military over things like schools, public transportation.
 
2012-09-20 01:43:42 PM
l1.yimg.com
"47 percent of Congressional Americans "believe they are entitled to health care, to food, to housing, to you-name it."
 
2012-09-20 01:43:50 PM

omnibus_necanda_sunt: They should be scared of not voting for Obama. He'll have no reason not to veto any and all attempts to prevent the tax cut expiration if he's voted out. He can torch the whole place and will have no reason not to if Citizens United Personified steals wins the election.


But everyone knows that Obama, being a reasonable man, will continue doing his best if he loses the election.

/Which, if Mitt keeps his gaffe-a-thon going, seems unlikely.
 
2012-09-20 01:45:25 PM

lakrfool: Fiscal Cliff

Is that Jimmy's brother?


That know-it-all mailman from Cheers is now in Congress?


Congress should be in session from January to September. Let them take their vacation starting in October. They were elected to serve the citizens, not their political party. Why should taxpayers shell out so lawmakers can help the election campaigns of fellow party members? After the general election in November, Congress takes another vacation and when they return, start a lame duck session that runs until the extended Christmas vacation begins.
 
2012-09-20 01:45:58 PM

thurstonxhowell: Snarcoleptic_Hoosier: Let it happen. The teatards wanted it, and the teatards shall get it.

Stupid face, I'll show it, I'm gonna cut off its nose. That'll show that stupid face.


You do realize that this would be the sanest budget since 2000. Democrats have no reason to put up with teatard insanity, Republicans will get primaried by teatards if they dare try something else. Expect the budget to follow the "fiscal cliff" program.
 
2012-09-20 01:47:04 PM
Yet you Farkers fanatically oppose electing Romney, who actually knows something about finance, as opposed to your most holy anointed "Community Organzer"
 
2012-09-20 01:49:39 PM
So, what do we cut?

I'll start:
-3% defense cut
- allow Bush Tax Cuts to expire
- 10% reduction in social security benefits to those with total net worth of over 10M.

Your turn. GO!
 
2012-09-20 01:50:10 PM
Jim DeMint proposes raising taxes on the wealthy in order to prevent cutting of defense spending, if Obama wins



Link
 
2012-09-20 01:51:12 PM

yet_another_wumpus: . Expect the budget to follow the "fiscal cliff" program.


While I am not sure that the current path is the best, something needs to be done. Here is the 'do nothing' projection:

garyk.com


There is no doubt that we have a lot of work to do in order to get our fiscal house in order. Sucks that they can't work together enough to plot out a better course.
 
2012-09-20 01:52:01 PM

omnibus_necanda_sunt: They should be scared of not voting for Obama. He'll have no reason not to veto any and all attempts to prevent the tax cut expiration if he's voted out. He can torch the whole place and will have no reason not to if Citizens United Personified steals wins the election.


even the liberals in Texas are tards.
 
2012-09-20 01:53:57 PM

fireclown: So, what do we cut?

I'll start:
-3% defense cut
- allow Bush Tax Cuts to expire
- 10% reduction in social security benefits to those with total net worth of over 10M.

Your turn. GO!


Fraud in medicare/medicaid, subsidies on all energy, disband the ATF.
 
2012-09-20 01:54:04 PM

mark12A: Yet you Farkers fanatically oppose electing Romney, who actually knows something about finance, as opposed to your most holy anointed "Community Organzer"


He knows how to fark over everyone for the almighty dollar. Creditors, businesses, employees, you name it. That's not what I'm looking for in a leader.
 
2012-09-20 01:55:01 PM

HeadLever: fireclown: So, what do we cut?

I'll start:
-3% defense cut
- allow Bush Tax Cuts to expire
- 10% reduction in social security benefits to those with total net worth of over 10M.

Your turn. GO!

Fraud in medicare/medicaid, subsidies on all energy, disband the ATF.


And DEA.
 
2012-09-20 01:55:31 PM

yet_another_wumpus: thurstonxhowell: Snarcoleptic_Hoosier: Let it happen. The teatards wanted it, and the teatards shall get it.

Stupid face, I'll show it, I'm gonna cut off its nose. That'll show that stupid face.

You do realize that this would be the sanest budget since 2000. Democrats have no reason to put up with teatard insanity, Republicans will get primaried by teatards if they dare try something else. Expect the budget to follow the "fiscal cliff" program.


not the best time for "sane" budgets. Allowing all cuts to lapse is a terrible idea right now. If it means that they have to extend cuts for the $250k+ crowd, BO might have to swallow the pill and do it.
 
2012-09-20 01:56:07 PM

FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse


upload.wikimedia.org
THE LESSER EVIL!
 
2012-09-20 01:56:51 PM

vpb: I think the difference between us and "third world" countries is that it used to socialy unaceptable to put your party ahead of the good of the country. We have had disagreements over what IS best, but this is the first time (since the civil war) that a party has taken this scorched earth, winn-at-all-costs approach to governing.


WTF? We've *ALWAYS* been like this. Different issues at different times, of course, but yeah, only looking at the past through rose colored glasses makes it *SEEM* that way.
 
2012-09-20 01:57:05 PM

HeadLever: fireclown: So, what do we cut?

I'll start:
-3% defense cut
- allow Bush Tax Cuts to expire
- 10% reduction in social security benefits to those with total net worth of over 10M.

Your turn. GO!

Fraud in medicare/medicaid, subsidies on all energy, disband the ATF.



Bump FICA cap to 228K
 
2012-09-20 01:57:08 PM
How is the Ryan budget different than the Fiscal Cliff? They both have severe spending cuts and raise taxes on almost all Americans.

Oh right, Ryan budget CUTS taxes on the top earners. It still raises them for everyone else.

Paul Krugman: "This all makes sense in the Ayn Rand intellectual universe, where a handful of heroically greedy entrepreneurs are responsible for all that is good. And if you live in that universe, your dividing line between makers and takers isn't drawn at the point where people make enough to pay income taxes; everyone who isn't John Galt should be grateful for what the Galts do, and we're all takers by asking those heroes to pay any taxes at all."

Ed Kilgore: "Accordingly, if you don't fall into the charmed circle of "job creators;" if you don't own your own business, or have enough wealth to make significant capital investments; then your job, it appears, is to bear down, shut up, and do what you can to make life easier for your bosses ... Pay your taxes and stop worrying about the tax rates paid by your superiors-you're lucky they pay them at all, given the fact you already owe them your daily bread, everything you own, and your very life."
 
2012-09-20 01:57:36 PM

FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.


Raise your hand if the tax's come now, the spending cuts come 10 years down the road, and this exact same thing was done in the 80's and 90's? Yeah, I wouldn't have agreed to it either.
 
2012-09-20 01:59:21 PM

Cheesus: mark12A: Yet you Farkers fanatically oppose electing Romney, who actually knows something about finance, as opposed to your most holy anointed "Community Organzer"

He knows how to fark over everyone for the almighty dollar. Creditors, businesses, employees, you name it. That's not what I'm looking for in a leader.


As opposed to the current one that doesn't know how big the debt is? As per our current fiscal mess, this political mess does't seem to have many good options either.
 
2012-09-20 02:03:16 PM

HeadLever: fireclown: So, what do we cut?

I'll start:
-3% defense cut per year for 10-20 years.
- allow Bush Tax Cuts to expire
- 100% reduction in social security benefits to those with total net worth of over 1M.

Your turn. GO!

Fraud in medicare/medicaid, subsidies on all energy,
Disband the ATF and DEA, legalize ALL drugs.


fraud and waste is a such a tiny part of spending. sure, work to reduce it, but there will always be fraud and waste. without reducing the total, you are only talking a drop in the bucket.
 
2012-09-20 02:05:04 PM
www.prairiefirenewspaper.com
 
2012-09-20 02:05:13 PM

HeadLever: Cheesus: mark12A: Yet you Farkers fanatically oppose electing Romney, who actually knows something about finance, as opposed to your most holy anointed "Community Organzer"

He knows how to fark over everyone for the almighty dollar. Creditors, businesses, employees, you name it. That's not what I'm looking for in a leader.

As opposed to the current one that doesn't know how big the debt is? As per our current fiscal mess, this political mess does't seem to have many good options either.


And you fools think Romney will share?
What farking idiots!
 
2012-09-20 02:05:39 PM
reinstate the fark the DEAD rich people in the ASS tax - back to 50% between say, 1 and 20 million and 75% above 20 million.

bring the capital gains tax back to the rational numbers of the 80s or treat all gains as income, period.
why treat it different? farkEM

(short term capital gains even doubly so)
 
2012-09-20 02:07:42 PM

namatad: - 100% reduction in social security benefits to those with total net worth of over 1M.


Uh, so a person with a house and a 401k should get no SS back?
 
2012-09-20 02:08:16 PM

namatad: reinstate the fark the DEAD rich people in the ASS tax - back to 50% between say, 1 and 20 million and 75% above 20 million.

bring the capital gains tax back to the rational numbers of the 80s or treat all gains as income, period.
why treat it different? farkEM

(short term capital gains even doubly so)


It IS income.
It is fraud to call it anything else, but nobody seems to care.
 
2012-09-20 02:09:25 PM

HeadLever: Fraud in medicare/medicaid

Medicare/aid fraud is not a matter of budget. There is no line item in the budget marked "fraud."

, disband the ATF.
Moving their responsibilities to the FBI or homeland security, relabeling a line item rather than removing it.

, subsidies on all energy
Well, vote for Obama then. His energy plan decreases overall energy subsidies, but focuses what is left more on renewable energies. Romney's energy plan gets rid of the renewable subsidies completely, but moves that money plus additional new money into oil, natural gas, and coal subsidies; which primarily benefits shareholders and does little to expand any sort of growth. If you don't give a shiat between different types of energy subsidies, well, the short story is that Romney's energy plan increases subsidies and Obama's reduces them; it really is that simple and factual.
 
2012-09-20 02:10:44 PM

jayphat: Raise your hand if the tax's come now, the spending cuts come 10 years down the road, and this exact same thing was done in the 80's and 90's? Yeah, I wouldn't have agreed to it either.


well we have certainly had a long enough time examining the GOP plans: 12 years of regen/bush and 8 years of bush. I vote we let clinton/obama have 8 more years and see how things are.

FFS, these people scare the crap out of me. wanting to put yet another worthless MBA back in the white house.
Predictions if rmoney wins:
1) more wars
2) more cuts for social programs
3) more debt, esp caused by more tax cuts for the rich

it is almost like the GOP has not read the history of every single peasant revolt
 
2012-09-20 02:11:48 PM

vpb: I think the difference between us and "third world" countries is that it used to socialy unaceptable to put your party ahead of the good of the country. We have had disagreements over what IS best, but this is the first time (since the civil war) that a party has taken this scorched earth, winn-at-all-costs approach to governing.


I say this with all love and genuinely intend no offense, but you clearly aren't very familiar with the history of this country outside of some broad strokes and very modern stuff. The "country before party" meme is almost entirely an artefact of the cold war and the aftermath of WW2, to the extent that those are separable. Through the 1930s/1940s, the other guy being a Republican/Democrat was a common motive for second-degree murder and physical altercations were a regular feature of congressional sessions.

The shift to openly party-first stuff in the late 70s/early 80s was much more a return to norm for US politics than some new and crazy angle on things. And, honestly, it's not so much that there's been a change in attitude or blatancy, there's just been a huge increase in media access. Mechanically searchable video archives alone have revolutionized reporting in a way that's really not good for the traditional practice of saying one thing to your partymates and another to the public at large.

Basically, wake me up when we're shooting each other over party affiliation again and I'll consider accepting your premise.
 
2012-09-20 02:13:40 PM

FishyFred: Raise your hand if you would walk away from a 10-to-1 spending cuts to tax increases deal.

[www.ctj.org image 425x282]

This is what we are dealing with. Don't let anyone tell you that both sides are bad. One side is clearly worse.


Me fail logic? That's unpossible.
 
2012-09-20 02:15:06 PM

snocone: namatad: reinstate the fark the DEAD rich people in the ASS tax - back to 50% between say, 1 and 20 million and 75% above 20 million.

bring the capital gains tax back to the rational numbers of the 80s or treat all gains as income, period.
why treat it different? farkEM

(short term capital gains even doubly so)

It IS income.
It is fraud to call it anything else, but nobody seems to care.


You would love my tax plan. You get taxed at the appropriate rate of income tax based on how much of it is your total income. 100% of dividends = 100% of your total income? Guess what, income tax rate buddy. 50% is dividends, 50% is other income? Then 50% of your dividends get then income rate, 50% ge the dividend rate. It's not farking rocket science.
 
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