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(CNN)   Another fiscal cliff? [uh oh] *flips sign* [help] Ayyyeeeeeeee *splat*   (money.cnn.com) divider line 21
    More: Scary, Economic Calendar, debt limit, Boehner, Cyber Monday, jet packs  
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2088 clicks; posted to Politics » on 27 Nov 2012 at 9:25 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



21 Comments   (+0 »)
   
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2012-11-27 07:57:32 AM  
dysonyobb.com
 
MFK
2012-11-27 09:27:36 AM  
it sure is awesome that the GOP gerrymandered all the congressional districts to ensure that we have a full farking decade of this bullshiat.
 
2012-11-27 09:28:19 AM  
Butthurt Republicans are holding it hostage claiming that they want Obamacare repealed or they will destroy the economy.......Party above Country.
 
2012-11-27 09:28:38 AM  
Surely they won't hold the country hostage again, right?
 
2012-11-27 09:32:22 AM  
Don't you guys remember when this was such a huge deal 5 years ago?
 
2012-11-27 09:33:39 AM  
cliff collides with ceiling?

can we declare a moratorium on all these stupid farking metaphors? can you agree to that, assholes?
 
2012-11-27 09:34:57 AM  
calvinandhobbes.me

And OH NO! They're not making enough Wii U's for the holiday rush!
 
2012-11-27 09:36:43 AM  
Soon to be followed by budgetary armageddon, fiduciary waterloo, annualized annihilation, and monetary kobayashi maru
 
2012-11-27 09:39:32 AM  
I predict that the defense cuts will be stopped, the bush tax cuts will stay, the payroll tax cut will go away, and Medicare and Social Security will take an unholy beating. Obama will be praised on fark during and after this for playing 11th dimensional chess and for having Republicans Right Where He Wants Them.
 
2012-11-27 09:40:27 AM  

DarnoKonrad: Soon to be followed by budgetary armageddon, fiduciary waterloo, annualized annihilation, and monetary kobayashi maru


Are we talking about potential situations for the country or Final Fantasy plots?
 
2012-11-27 09:59:02 AM  
How long has CNN.com been using language like "run smack dab into" and is that what we expect from modern journalism?
 
2012-11-27 10:01:23 AM  

NeverDrunk23: DarnoKonrad: Soon to be followed by budgetary armageddon, fiduciary waterloo, annualized annihilation, and monetary kobayashi maru

Are we talking about potential situations for the country or Final Fantasy plots?


I'm partial to the phrase "Macroeconomic Krakatoa," myself. It just kind of rolls off the tongue.

/ Macroeconomic Krakatoa
 
2012-11-27 10:04:05 AM  

Holocaust Agnostic: I predict that the defense cuts will be stopped, the bush tax cuts will stay, the payroll tax cut will go away, and Medicare and Social Security will take an unholy beating. Obama will be praised on fark during and after this for playing 11th dimensional chess and for having Republicans Right Where He Wants Them.


Ugh. While you're probably more right than not, I'll hope that defense is cut (but not by the ~$600B they're looking at now - is you nuts?), most of the BTC will stay (ohplease create a new $500k or $1m bracket at 40% pleeeeeeeeeeeeeeeeeeeeeeeeeeeze), Med/SS will be tweaked (I hope they fark with Medicare a little more, as SS is largely solvent without insane predictions for the nest 25 years) - perhaps the payroll tax returns to normal.

I expect some of the usual suspects ill not be happy. I expect not to be happy. I expect the GOP to crow about some victory they extracted, while not realizing that this bill (which will at least raise revenues, if not tax rates) would have been DOA in any administration/Congress before 1970. I expect this bill to pass in January, before the SoTU, and I expect Obama will back-pat Congress for getting it done (even though they'll have done it late).

But I wouldn't be surprised if the GOP went full derp and we didn't have a resolution until March, costing us probably $3-400B in the process (last summer's fiasco cost something like $175B, and that was a much tamer circumstance).
 
2012-11-27 10:05:06 AM  

NeverDrunk23: DarnoKonrad: Soon to be followed by budgetary armageddon, fiduciary waterloo, annualized annihilation, and monetary kobayashi maru

Are we talking about potential situations for the country or Final Fantasy plots?


I shouldn't have laughed as hard as I did.
 
2012-11-27 10:14:31 AM  

Holocaust Agnostic: I predict that the defense cuts will be stopped, the bush tax cuts will stay, the payroll tax cut will go away, and Medicare and Social Security will take an unholy beating. Obama will be praised on fark during and after this for playing 11th dimensional chess and for having Republicans Right Where He Wants Them.


I'm hoping, crossing my fingers, that Obama learned his cumulative lesson from three things: 1) the ceaseless goal-post shifting during Obamacare negotiations, 2) GOPers, who themselves voted to completely dismantle Medicare, running hard in 2010 against Obama's '700 billlion cut' to Medicare, and 3) Republicans holding the debt ceiling hostage.

I doubt Medicare will be much on the chopping block. Dems got burnt too bad last time. Social Security is always at risk but the WH spox took it off the table this week. Medicaid is what I'm worried about since most people are either confused about how it's functionally separate from Medicare and does more than provide health coverage for poor people.
 
2012-11-27 10:27:43 AM  

Carn: Surely they won't hold the country hostage again, right?


I don't think they really can this time. They can play the brinksmanship game again (to the detriment of us all) but Obama doesn't need to be re-elected. If Obama declares he must use emegrency powers inherent to the office to deal with an imminent financial crisis, the redress for republicans is the courts. Good luck with that all around.
 
2012-11-27 10:42:20 AM  

Holocaust Agnostic: I predict that the defense cuts will be stopped, the bush tax cuts will stay, the payroll tax cut will go away, and Medicare and Social Security will take an unholy beating. Obama will be praised on fark during and after this for playing 11th dimensional chess and for having Republicans Right Where He Wants Them.


I think you're right on everything except Social Security. Even Paul Ryan backed off of that one in the campaign. Though I'm also betting they'll be more targeting Medicaid than Medicare, cause poor people, fark them, they don't vote Republican nearly as much as old people on Medicare.
 
2012-11-27 11:06:11 AM  
imageshack.us
 
2012-11-27 12:26:29 PM  

NeverDrunk23: DarnoKonrad: Soon to be followed by budgetary armageddon, fiduciary waterloo, annualized annihilation, and monetary kobayashi maru

Are we talking about potential situations for the country or Final Fantasy plots?


All of them make dandy cover band names.
 
2012-11-27 02:58:17 PM  
How much of the debt-ceiling problem would be solved by simply going over the cliff?
 
2012-11-27 11:15:31 PM  

Gosling: How much of the debt-ceiling problem would be solved by simply going over the cliff?


None of it. It would just make it far more expensive for us to borrow money.
 
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