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(Time)   America should charge bravely over the fiscal cliff like Wile E. Coyote chasing the road runner   (ideas.time.com) divider line 118
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6146 clicks; posted to Main » on 13 Nov 2012 at 8:39 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-13 11:40:06 AM
It's not the fall that kills

It's that sudden stop
 
2012-11-13 11:42:28 AM
So, precisely, in twenty-five words or less, please, what possible benefit is available to the US at large by moving the deck chairs around, while the band plays "Nearer My God To Thee", one more time as some monkey in a suit runs around changing the sheet music every 10 seconds?
 
2012-11-13 12:12:03 PM

FlashHarry: the_immoral_minority: We just blew thru 2,400 Billion in debt in 15 months, getting 80 Billion from not renewing the Bush cuts isn't going to do squat

[t.qkme.me image 310x232]

i know you're trolling, but...

there's no such thing as an obamaphone.


We all know that. It's called an Obamaphone by the people that receive the phone. It's what some of the end-users call it. Hence the term Obamaphone.
 
2012-11-13 12:17:55 PM

ghall3: Thunderpipes: Ya, sure. Obamacare is free too. So was the auto bailiout, stimulus, increase in food stamps, massive unemployment increase, kicking SS and medicare issues down the road, punishing business, ya, none of that. Bush tax cuts cost 1 trillion a year, yup.

"In January 2009, the CBO forecast 2012 revenues at $3.1 trillion. Today, the CBO expects that this year's revenue will be just $2.5 trillion, a nearly $600 billion difference. That revenue decline accounts for fully 48 percent of the swing from projected surplus to current deficit....With over 90 percent of the 2012 deficit already spoken for-35 percent from events prior to 2009, 48 percent from lower tax revenue, and 8 percent from higher defense spending-that leaves higher nondefense spending responsible for just 9 percent."

Link

And I have rebuttals for most of the rest of your points but...you know what, your mind is made up already so why even bother?

/I sound tired


I'm encountering the same exhausting nonsense lately. You're right. Nothing you say will change their minds because arithmetic is relative for them. It's only absolute for us.

/tired
 
2012-11-13 12:18:23 PM
I love how about 90% of this hopelessly uninformed article is about allowing tax cuts to expire on Jan. 3 is not such a bad thing. The tax hikes will only bring about 80 billion dollars in. Compared to a 1 trillion dollar deficit, it's NOTHING! The remaining 10% of the article gives lip service to the other 90% of the problem, spending, saying "oh we'll have to look at cutting spending a couple of years down the road."

It always works like that, tax cuts take into effect immediately while spending cuts are always tabled for years while politicians figure out a way to get around them.
 
2012-11-13 12:22:26 PM

ghall3: Thunderpipes: You sound dumb. Lower revenue is not because of the Bush tax cuts. There was this thing called a recession.

I mention that that was a key driver as well, but thanks for acknowledging that since it is kind of hard to blame that on Obama since it happened in 2008.

So which is it? The recession and reduced government tax collection or spending that caused the deficits?

Or was it actually a combination of both, with the majority of spending increases caused by wars and economic programs that are directly related to either helping the unemployed or attempts to increase economic activity?

Hmm I wonder what the correct answer is?


Obama has been President for 4 years. The economy is still way, way in the dumper. How long you going to blame Bush?

By the way, Bush inherited a recession from Clinton, then had 7 years of growth and a good economy. What is Barry's excuse?

Liberals are dumb, that is just the way it is. Have to handle them like stupid children. But, there are now more of them and they all want their binkie.
 
2012-11-13 12:22:37 PM

radioshack: The tax hikes will only bring about 80 billion dollars in. Compared to a 1 trillion dollar deficit, it's NOTHING!


Actually, compared to a bucket of burnt toast, it's 80,000,000,000.00. Math really is absolute. Relatively.
 
2012-11-13 12:28:35 PM

Thunderpipes: ghall3: Thunderpipes: You sound dumb. Lower revenue is not because of the Bush tax cuts. There was this thing called a recession.

I mention that that was a key driver as well, but thanks for acknowledging that since it is kind of hard to blame that on Obama since it happened in 2008.

So which is it? The recession and reduced government tax collection or spending that caused the deficits?

Or was it actually a combination of both, with the majority of spending increases caused by wars and economic programs that are directly related to either helping the unemployed or attempts to increase economic activity?

Hmm I wonder what the correct answer is?

Obama has been President for 4 years. The economy is still way, way in the dumper. How long you going to blame Bush?

By the way, Bush inherited a recession from Clinton, then had 7 years of growth and a good economy. What is Barry's excuse?

Liberals are dumb, that is just the way it is. Have to handle them like stupid children. But, there are now more of them and they all want their binkie.


Aside from the fact that you really cant blame presidents fully for the recessions that happen or immediately after their watch, let's be fair and honest here. The recession that Bush "inherited" from Clinton was miniscule compared to what Obama faced.
 
2012-11-13 12:38:35 PM

bunner: So, precisely, in twenty-five words or less, please, what possible benefit is available to the US at large by moving the deck chairs around, while the band plays "Nearer My God To Thee", one more time as some monkey in a suit runs around changing the sheet music every 10 seconds?


You 'moving deck chairs around' premis underscores you resistance to any acknowledgement that there are solutions to this problem. This is a hurdle to any understanding of the issue.
 
2012-11-13 03:47:14 PM

Thunderpipes: Obama has been President for 4 years. The economy is still way, way in the dumper. How long you going to blame Bush?

By the way, Bush inherited a recession from Clinton, then had 7 years of growth and a good economy. What is Barry's excuse?

Liberals are dumb, that is just the way it is. Have to handle them like stupid children. But, there are now more of them and they all want their binkie.



You're kidding right? Are you seriously drawing a parallel from the Clinton "recession" with the Great Recession? Four years is a pretty short timeline for a recession the size we had; the whole world is still recovering. De-leveraging from this bubble is going to take a long time.
 
2012-11-13 05:11:31 PM
We went off the fiscal cliff several decades ago. That's why we're in the position we're in now. All they can do is push the inevitable crash into the future, and the longer they put it off, the worse it's going to be when it does hit. We're totally farked.
 
2012-11-13 05:17:18 PM

JonnyG: How easy would it be to fix all the world's financial problems? Reset everything to zero across the board. That way, profitable ventures will continue and failing ventures will fail. Rich people who deserve to be rich will become rich again. It'll all work out, I swear.


Sooner or later, the economy will reset itself, no matter what they do. We can't continue to run trillion dollar deficits every year for ever... eventually (and it's already starting) people will stop buying our useless debt and we'll have to create new money to buy it (we've already had to do that a few times), and then the real fun starts: inflation goes thru the roof, and with it, Social Security payments, Treasury Inflation-Protected Securities (TIPS) bonds, and other inflation-adjusted government payments, and a viscous circle starts. The gold bugs will have the last laugh.
 
2012-11-13 05:35:06 PM
Not America, the United States of America. The rest of "America" is doing just fine.

Salute the Maple Leaf, proles!
 
2012-11-13 05:48:31 PM
FTA: In the world on the other side of the fiscal cliff, Democrats and Republicans will have no choice but to work together on tax cuts that will be fairer to the middle class and encourage economic growth.

Ahahahahahaha. Hahahaha *choke* haha *kaff* hahahahaha *wheeze* hahahaha.

Geez, I'm dyin' here! Why don't you just have the flying unicorns fart rainbows and billion dollar bills for you?
 
2012-11-14 04:05:03 AM

FlashHarry: the_immoral_minority: We just blew thru 2,400 Billion in debt in 15 months, getting 80 Billion from not renewing the Bush cuts isn't going to do squat

[t.qkme.me image 310x232]

i know you're trolling, but...

there's no such thing as an obamaphone.


Yes, the obamaphone website says there is no such thing. Of course they also can hook you up with a phone. I wonder who owns that website and if they make money on referrals.

Oh, and since the actual user of the phone called it an Obamaphone and there is a website of the same name where you can apply for a phone, you can pretty much bet the people applying for them THINK they do exist.,

Sort of like the social security lock box...also does not exist, but people think it does.
 
2012-11-14 04:14:38 AM
By the way, when you raise taxes or cut spending by that much, ceteris paribus, the economy will be hurt.

Then revenue falls, wiping out much of the predicted revenue gains for tax increases.

This is why cutting spending is marginally better, but the amount we'd have to cut is so huge that we will have to do both.

The GOP plan was to reform taxes, unleash the energy sector for growth and lower energy costs, to help ameliorate this problem. Well, that won't be happening. Instead we are going to hire 100,000 teachers, and invest in something or other that didn't make the cut in 2009.

When the scope of the taxes and cuts becomes truly apparent, people will be screaming to cut all sorts of stuff to keep SS and Medicare going. You can see a taste of this in Cali, where the Democrats cut the social safety net on the poor to make sure those state worker pensions weren't touched.
 
2012-11-14 02:27:03 PM
guy and his crew who have proven that thay can't fix anything
and they're voted back into office

if america obviously couldn't give a shiat
why should I
 
2012-11-15 10:10:52 AM
Nothing to worry about. Congress and the Administration are on their cell phones and headed for the snake pit just like everyone else. There is absolutely nothing to worry about.

South Korea, on the other hand, has to worry about a 2.8% jobless rate, Link, and the threats of the new Kim. Meet the new Kim, same as the old Kim.

If a man takes no thought about what is distant, he will find sorrow near at hand.--Confucius

Alas, life is short and the world is full of snake pits. Carry on. Do the best you can.
 
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