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(New York Magazine)   The Absolute Moron's Guide to the Fiscal Cliff. In other news, the writers from Cracked are working for New York Magazine now   (nymag.com) divider line 41
    More: Interesting, Budget Control Act, William Kristol, Jonathan Chait  
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2813 clicks; posted to Politics » on 17 Nov 2012 at 1:43 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



41 Comments   (+0 »)
   
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2012-11-17 12:35:03 PM  
Sadly, this is the level of comprehension for an Average American.
 
2012-11-17 12:52:45 PM  
I like cracked articles...in cracked.
 
2012-11-17 01:54:27 PM  

Darth_Lukecash: I like cracked articles...in cracked.


Yo dawg?

/I heard you liked Cracked articles?
//No??
///Never???
////Slashies????
 
2012-11-17 02:08:57 PM  
i1079.photobucket.com
 
2012-11-17 02:10:14 PM  
First, the average american has the attention span of a gnat.

Second, when this deal was first hammered out, did anybody NOT thing it was going to come to a last-minute tussle? Really?
 
2012-11-17 02:10:45 PM  
Terrible. Couldn't the writer have written a simplified article on an important topic without being insulting?
I don't think that this was intended to explain the fiscal cliff so much as it was intended to amuse the site's readers and make them feel superior to the imagined moron Average American mentioned by ennuipoet.
The smug levels are unbearable.
 
2012-11-17 02:23:23 PM  
Good article. Confirms my understanding of the issue. It should be the baseline of understanding before anyone comments on this issue.
 
2012-11-17 02:26:02 PM  

Cheri Pi: Terrible. Couldn't the writer have written a simplified article on an important topic without being insulting?
I don't think that this was intended to explain the fiscal cliff so much as it was intended to amuse the site's readers and make them feel superior to the imagined moron Average American mentioned by ennuipoet.
The smug levels are unbearable.


Yeah, for once I clicked on the link, hoping to be informed. Only to get insulted.

Lesson: never click on links
 
2012-11-17 02:28:42 PM  
I, too, hope that the Justin and Selena situation in no way includes Grover Norquist.
 
2012-11-17 02:33:17 PM  
Too bad no one ever did this for the debt ceiling two years ago. You should be forced to take a college level civics class when you get ellected to congress.
 
2012-11-17 02:39:06 PM  

Cheri Pi: Terrible. Couldn't the writer have written a simplified article on an important topic without being insulting?
I don't think that this was intended to explain the fiscal cliff so much as it was intended to amuse the site's readers and make them feel superior to the imagined moron Average American mentioned by ennuipoet.
The smug levels are unbearable.


born_yesterday:

Yeah, for once I clicked on the link, hoping to be informed. Only to get insulted.

Lesson: never click on links


Strictly speaking, this is titled "The Absolute Moron's Guide", not "A Simplified Guide" or "The Fiscal Cliff in Short" or even "The Fiscal Cliff in Small, Easy to Understand Words".

It amused me, at least.
 
2012-11-17 02:40:02 PM  
The fiscal cliff is a totally artificial and arbitrary thing. It only exists because Congress said, "We now have a fiscal cliff." Congress can just as easily say, "We now don't have a fiscal cliff" and there's no repercussion at all. All this nonsense about a fiscal cliff is fearmongering by those who want to seriously cut Social Security and Medicare.
 
2012-11-17 03:00:32 PM  
I thought it was pretty funny.
 
2012-11-17 03:12:44 PM  
This was amusing to a significant degree.
 
2012-11-17 03:28:17 PM  
That was nothing like a cracked article. It didn't have any random unnecessary page breaks.
 
2012-11-17 03:31:39 PM  
That was adorable.
 
2012-11-17 03:48:15 PM  
now I'm hungry for a cliff bar
 
2012-11-17 03:48:34 PM  

Befuddled: The fiscal cliff is a totally artificial and arbitrary thing. It only exists because Congress said, "We now have a fiscal cliff." Congress can just as easily say, "We now don't have a fiscal cliff" and there's no repercussion at all.


Congress can easily raise the imaginary "debt ceiling" and inevitably will, but to say that there will be no repercussions from that is dangerously naive. The debt- fuelled inflation of the dollar is slowly eroding our standard of living (prices rise, savings made increasingly worthless), and if the US continues to borrow and spend as irresponsibly as it has done over the past few decades there is great risk of a serious financial collapse within the next ten or twenty years.

All this nonsense about a fiscal cliff is fearmongering by those who want to seriously cut Social Security and Medicare.

Nice things have to be paid for. When they can't be paid for, they cease to exist; and printing all the money in the world isn't going to solve the problem. There will be no Social Security by the time you're an old man, and probably no Medicare either. And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.
 
2012-11-17 04:18:59 PM  
That was incomprehensible, filled with pop culture references I didn't understand!

I'll have to go read Paul Krugman for a simplified version
 
2012-11-17 04:27:57 PM  
I could have done without the Q and A format between the magazine writer and what the magazine writer imagines an average American to be, but generally the facts were well-explained
 
2012-11-17 04:37:53 PM  

born_yesterday: Yeah, for once I clicked on the link, hoping to be informed. Only to get insulted.


Tina?
 
2012-11-17 05:10:58 PM  

EvilRacistNaziFascist: And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.


A lie repeated often enough may become believed, but it does not become truth.
 
2012-11-17 05:18:11 PM  

albatros183: That was incomprehensible, filled with pop culture references I didn't understand!

I'll have to go read Paul Krugman for a simplified version


cdn.imagepush.to
 
2012-11-17 06:22:31 PM  

EvilRacistNaziFascist: The debt- fuelled inflation of the dollar is slowly eroding our standard of living


What are you talking about? No serious economist is worried about inflation right now. It's under 2% at the moment.
 
2012-11-17 06:55:45 PM  

EvilRacistNaziFascist: no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.


Canada increased taxes to reestablish its AAA credit rating and balances its budget. Now balancing budget by 2016 and cutting taxes. It would be easier to bend reality to your narrative if other countries didn't exist and in fact the US didn't have its own historical record.

Increased revenue can reduce/eliminate deficits and also fund job creation programs that produce more jobs than the the tax cuts do.
 
2012-11-17 06:58:23 PM  

TheBigJerk: EvilRacistNaziFascist: And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.

A lie repeated often enough may become believed, but it does not become truth.


Repeating assertions that Romney was winning is evidence of that. Repeated claims that Obamacare was unconstitutional was evidence of that. Repeated claims that Benghazi is a scandal is proof of that. I could on but basically, they have learned nothing (but at least their numbers are shrinking)
 
2012-11-17 06:59:30 PM  
Give corporations a choice:

1: You have the same rights as individuals. You may contribute to political campaigns, influence politics, lobby, etc. You will be taxed at the Individual Income Tax Rate. Same exemptions (if your corporation gives birth, you get a tax credit. If your corporation buys a primary residence, you can deduct interest on it. But, just as I can't deduct the cost of my pool guy, you don't get to deduct the cost of labor. Just as I can't deduct the cost of food, you don't get to deduct the cost of raw materials. Pay Your Share.)

2: You do not have the same rights as individuals. You may not in any way influence politics, contribute to campaigns, lobby, etc. You pay taxes at 15%. If you are caught influencing politics, you immediately fall into Category 1 above and your past 3 years of taxes are recalculated at the rate from above.

All corporations pick one.
 
2012-11-17 07:51:36 PM  
I don't understand anything that isn't a 30 picture slideshow.
 
2012-11-17 08:14:47 PM  
So, you're saying that the fiscal cliff means:

1. So-called "temporary" tax breaks (which Democrats despise) for the rich would expire, and

2. Government programs to prop up poor people (which Republicans despise) and keep them from starving would be cut back.

Sounds like everybody wins (except poor people, who can't afford lobbyists and politicians anyhow).
 
2012-11-17 08:18:01 PM  
Anyone have a morons guide on how to click on the article?

And... while you're at it, anyone have a books on tape morons guide for how to read?

Oh, and one more thing, anyone have a morons guide for how to breathe? It seems I've forgotten and I'm getting rather dizzy.

Geez, next I'll need a morons guide for how to spell and type. Could you imagine tHfz! ubldif snbkejf fjd ewgo a fjdke. flnbiel.

/gkbnep
//itposnglse gnblsiw?&
 
2012-11-17 08:24:11 PM  

mrshowrules: TheBigJerk: EvilRacistNaziFascist: And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.

A lie repeated often enough may become believed, but it does not become truth.

Repeating assertions that Romney was winning is evidence of that. Repeated claims that Obamacare was unconstitutional was evidence of that. Repeated claims that Benghazi is a scandal is proof of that. I could on but basically, they have learned nothing (but at least their numbers are shrinking)


The depressing part was how hard it was to dig up that link. It's BURIED under right-wingers repeating the claim over and over and over again.
 
2012-11-17 09:52:30 PM  
Cracked? Can't be, I see only one page to that article.
 
2012-11-17 11:32:07 PM  

TheBigJerk: mrshowrules: TheBigJerk: EvilRacistNaziFascist: And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.

A lie repeated often enough may become believed, but it does not become truth.

Repeating assertions that Romney was winning is evidence of that. Repeated claims that Obamacare was unconstitutional was evidence of that. Repeated claims that Benghazi is a scandal is proof of that. I could on but basically, they have learned nothing (but at least their numbers are shrinking)

The depressing part was how hard it was to dig up that link. It's BURIED under right-wingers repeating the claim over and over and over again.


Thanks for that.
 
2012-11-18 03:23:31 AM  
This does a good job of explaining the basic issues without beating up on anyone in particular. (Although in my view, the Republicans could do with some more beating up.)

Here's hoping Obama drives us straight over the fiscal cliff and then offers the Republicans a parachute.
 
2012-11-18 07:05:11 AM  

dahmers love zombie: Give corporations a choice:

1: You have the same rights as individuals. You may contribute to political campaigns, influence politics, lobby, etc. You will be taxed at the Individual Income Tax Rate. Same exemptions (if your corporation gives birth, you get a tax credit. If your corporation buys a primary residence, you can deduct interest on it. But, just as I can't deduct the cost of my pool guy, you don't get to deduct the cost of labor. Just as I can't deduct the cost of food, you don't get to deduct the cost of raw materials. Pay Your Share.)

2: You do not have the same rights as individuals. You may not in any way influence politics, contribute to campaigns, lobby, etc. You pay taxes at 15%. If you are caught influencing politics, you immediately fall into Category 1 above and your past 3 years of taxes are recalculated at the rate from above.

All corporations pick one.


You forgot the third option that they all have: Move to China and hire lobbyists in the US to help your cause. Apple is a champ at that one.
 
2012-11-18 11:55:23 AM  

dahmers love zombie: 1: You have the same rights as individuals. You may contribute to political campaigns, influence politics, lobby, etc. You will be taxed at the Individual Income Tax Rate. Same exemptions (if your corporation gives birth, you get a tax credit. If your corporation buys a primary residence, you can deduct interest on it. But, just as I can't deduct the cost of my pool guy, you don't get to deduct the cost of labor. Just as I can't deduct the cost of food, you don't get to deduct the cost of raw materials. Pay Your Share.)


I've always found it odd that we let corporations deduct their operating expenses, but don't let human taxpayers deduct their living expenses.

If I make $50,000 a year, but spend $40,000 to live, all $50,000 (minus the "standard" deduction) gets taxed.
If a corporation makes $50,000,000, but spends $40,000,000 to make it, only $10,000,000 gets taxed.

This seems incredibly unfair.
 
2012-11-18 10:20:54 PM  

Befuddled: The fiscal cliff is a totally artificial and arbitrary thing. It only exists because Congress said, "We now have a fiscal cliff." Congress can just as easily say, "We now don't have a fiscal cliff" and there's no repercussion at all. All this nonsense about a fiscal cliff is fearmongering by those who want to seriously cut Social Security and Medicare.


Or, "we want to manufacture an outrage that we can blame Obama for."
 
2012-11-18 10:23:41 PM  

EvilRacistNaziFascist: Befuddled: The fiscal cliff is a totally artificial and arbitrary thing. It only exists because Congress said, "We now have a fiscal cliff." Congress can just as easily say, "We now don't have a fiscal cliff" and there's no repercussion at all.

Congress can easily raise the imaginary "debt ceiling" and inevitably will, but to say that there will be no repercussions from that is dangerously naive. The debt- fuelled inflation of the dollar is slowly eroding our standard of living (prices rise, savings made increasingly worthless), and if the US continues to borrow and spend as irresponsibly as it has done over the past few decades there is great risk of a serious financial collapse within the next ten or twenty years.

All this nonsense about a fiscal cliff is fearmongering by those who want to seriously cut Social Security and Medicare.

Nice things have to be paid for. When they can't be paid for, they cease to exist; and printing all the money in the world isn't going to solve the problem. There will be no Social Security by the time you're an old man, and probably no Medicare either. And to anticipate your possible objection, no amount of taxing the "rich" (however broadly this word will one day be defined) is going to help the situation.


Does that mean the over-sized military will be have to be cut down to size as well? Or just programs that help the poor?
 
2012-11-18 10:28:01 PM  

This About That: So, you're saying that the fiscal cliff means:

1. So-called "temporary" tax breaks (which Democrats despise) for the rich would expire, and

2. Government programs to prop up poor people (which Republicans despise) and keep them from starving would be cut back.

Sounds like everybody wins (except poor people, who can't afford lobbyists and politicians anyhow).


The economy would be thrown back into recession - those poor people who lose their benefits will stop spending. Recession means tax receipts fall which will will either partially or totally defeat the aim of the cuts.
 
2012-11-18 11:00:50 PM  

kg2095: The economy would be thrown back into recession


Why? Is it because of reduced government spending? Maybe, but not likely. This is an imaginary crises, made up by Republicans, and likely to backfire on them.
 
2012-11-19 03:37:09 PM  
I hope we go over the cliff, I wanna see this happen.
 
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