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(CBS New York)   Deal in Senate reached. Like the cartoon characters they are, wily Senators run off cliff, hang in midair, turn around, spin wheels, return to cliff   (newyork.cbslocal.com) divider line 223
    More: Followup, senator, Senate, White House, Eisenhower Executive Office Building, President Obama, itemized deductions, Earned Income Tax Credit  
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9591 clicks; posted to Politics » on 31 Dec 2012 at 9:23 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-31 10:05:41 PM
Maybe it's just me, but fiscal cliff New Year's Eve isn't nearly as exciting as Y2K New Year's Eve.
 
2012-12-31 10:06:31 PM
24.media.tumblr.com
 
2012-12-31 10:09:09 PM
Your move, Mr. Orange.
 
2012-12-31 10:09:35 PM
In best Counterpoint guy voice- I say let them crash
 
2012-12-31 10:09:47 PM

Evil High Priest: Your move, Mr. Orange.


He's gonna fart on that Bongo so hard tomorrow morning.
 
2012-12-31 10:11:21 PM
is that college tuition tax credit retroactive? i'de like it to also apply to principal deductions based on past interest payed..

instead of just monetizing future non-dischargeable student debt of course .

worthless
 
2012-12-31 10:12:14 PM

anwserman: No. Fiscal cliff. We've been kicking this can down the road for far too long and we have to make cuts and sacrifices.


prosportsblogging.com
 
2012-12-31 10:18:00 PM

Infernalist: The deal can't be done without the okay from the House.


So will they really go Derp Pow: Enter the Herp? Or will a reasonable compromise win out in the end?
 
2012-12-31 10:18:17 PM
All we need now is some firm leadership in the House to unite our representatives to vote for the common good of the American people and show to the world that we can get our shiat together.
 
2012-12-31 10:20:34 PM
Speaking shortly afterward on the Senate floor, Sen. John McCain said that "at a time of crisis, on New Year's Eve-you had the president of the United States go over and have a cheerleading, ridiculing-of-Republicans exercise."

Deservedly so, motherfarker ...
 
2012-12-31 10:20:45 PM
ianthecool.files.wordpress.com
 
2012-12-31 10:21:10 PM

The Evil That Lies In The Hearts Of Men: All we need now is some firm leadership in the House to unite our representatives to vote for the common good of the American people and show to the world that we can get our shiat together.


Leadership... in the House... I'd be less surprised to see rhinoceroses wandering the mountains of Colorado.
 
2012-12-31 10:22:22 PM

Sock Ruh Tease: Amos Quito: Government is like sharing a sleeping bag with a porcupine.

The less it moves, the better.

Government is like sharing a sleeping bag with a porcupine that sleeps near your crotch.

In general the less it moves, the better, but when it HAS to move ideally it should move so as to not stab your penis.



Yeah well, there's always wishful thinking, I suppose.
 
2012-12-31 10:24:35 PM
24.media.tumblr.com

Prince Joey B gettin it done again

/best VP since LBJ
 
2012-12-31 10:25:07 PM

firefly212: Krieghund: firefly212: Doesn't matter, House isn't in... maybe they'll come back tomorrow to vote... maybe not... they've got far more important things to do than be bothered with governing the peasants.

Whenever they do it they can make it retroactive to January 1, 2013.

Which is fantastic... my withholding rate will be higher on friday, and I'm struggling to pay for food and drugs... but that's super if I'll be retroactively able to afford them... jacking peoples taxes up, then retroactively lowering them is great, if you can wait to get that money back... which is super, if you're part of the class the GOP cares about... but if you actually need the money you work for, well, f#@k you.


I know where you could free up $5 next month.
 
2012-12-31 10:25:42 PM

Goodfella: [24.media.tumblr.com image 450x311]

Prince Joey B gettin it done again

/best VP since LBJ


Behold, the power of Trans-Am One.
 
2012-12-31 10:26:41 PM

WhoIsWillo: [ianthecool.files.wordpress.com image 720x320]



Wow,

Burt Bacharach's Butch Cassidy soundtrack music has been playing in my head all evening.

And then you post that.

Weird.
 
2012-12-31 10:28:38 PM
i.imgur.com
 
2012-12-31 10:28:39 PM
Will Boehner bring it to a vote? Can Pelosi pull together enough votes for a Discharge Petition? Do I kind of want to see a bad remake of the best of The Taiwanese Legislature with white people on the US House Floor?
 
2012-12-31 10:29:29 PM
So what. The Senate actually passed a bill to fix the "cliff" last July. The house would not even allow it to be brought up for a vote.
 
2012-12-31 10:29:33 PM

Mad_Radhu: firefly212: Krieghund: firefly212: Doesn't matter, House isn't in... maybe they'll come back tomorrow to vote... maybe not... they've got far more important things to do than be bothered with governing the peasants.

Whenever they do it they can make it retroactive to January 1, 2013.

Which is fantastic... my withholding rate will be higher on friday, and I'm struggling to pay for food and drugs... but that's super if I'll be retroactively able to afford them... jacking peoples taxes up, then retroactively lowering them is great, if you can wait to get that money back... which is super, if you're part of the class the GOP cares about... but if you actually need the money you work for, well, f#@k you.

I know where you could free up $5 next month.


lol, I got sponsored. :)
Back in one of the healthcare debates, instead of just biatching or cheering, I posted a pretty long and comprehensive explanation of my ideal healthcare plan... I think I pissed everyone off with it, except for one nice person. :)
 
2012-12-31 10:29:36 PM

Goodfella: [24.media.tumblr.com image 450x311]

Prince Joey B gettin it done again


/best VP since LBJ


Everyone knows that LBJ snuffed JFK and then hired Kubrick to fake the moon landings.

Don't you read the internet?
 
2012-12-31 10:31:30 PM
Remember the days when you had a big essay due and it was the difference between passing and failing a paper? And you had plenty of warning, but you only really start to work on it the weekend before it was due? This is like that. Except times a million.
 
2012-12-31 10:31:35 PM

Ravijn: [i.imgur.com image 730x973]


You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.
 
2012-12-31 10:31:55 PM

Ravijn: [i.imgur.com image 730x973]


Thanks for posting that. It reminded me that who ever made that has no farking clue how the debt ceiling works.

It also shows me that they would never consider the option that the family in that example would take a second job to bring more revenue into their household because cutting spending alone would not resolve that much debt.
 
2012-12-31 10:33:10 PM

firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.


Yeah, we also have to remember that people never take second jobs when they're in that much debt.

EVER!
 
2012-12-31 10:34:13 PM
There's a deal?

Heh. I guess I should've waited a bit longer before taking that cyanide pi
 
2012-12-31 10:36:11 PM

Mrtraveler01: firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.

Yeah, we also have to remember that people never take second jobs when they're in that much debt.

EVER!


Nope, because you see, this 47%, they feel like they're entitled to see their children on a daily basis, to sleep six hours a day, and to end up with more money after working than a chinese slave being beaten with electric cables for 36 hours straight, and there's nothing Mitt Romney could say to change their mind and make them more bootstrappy.
 
2012-12-31 10:37:17 PM

firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.


Issue is not complex.

We are spending a trillion or more a year that we do not have, we borrow to cover it.
We owe over 16 trillion and claiming.
Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.
We would have to have at least a 500 billion dollar surplus to begin to pay down the 20 trillion (by the time the Holy One is done) debt.

Bottom line is, we are screwed unless we make severe cuts, and broaden the tax base. Taxing the rich won't even make a dent and will hurt growth.
 
2012-12-31 10:37:55 PM

A Shambling Mound: As we enter this bright new year, we should pause to reflect upon the debt of gratitude we owe to our fearless leaders who have worked tirelessly and selflessly in the face of insurmountable odds. Though it took all the grit, determination and self-sacrifice they could muster they have come together for the betterment of our great nation. Together. Together we shall all share in a better tomorrow.


Except for themselves, who get a pay raise from Obama no matter what.

Too bad this didn't come due on November 1. Might have changed the outcomes of many elections...
 
2012-12-31 10:38:36 PM

Thunderpipes: Taxing the rich won't even make a dent and will hurt growth.


But taxing the poor and middle class won't hurt growth?

Gotta love the weasel language like "broadening the base".
 
2012-12-31 10:39:48 PM
Just what Obama wants. More taxes and no spending cuts. He really is a worthless leader.
 
2012-12-31 10:40:18 PM
How to understand the national debt and budget deficit - and why it's not as big a problem as you might think.
 
2012-12-31 10:40:42 PM

Thunderpipes: firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.

Issue is not complex.

We are spending a trillion or more a year that we do not have, we borrow to cover it.
We owe over 16 trillion and claiming.
Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.
We would have to have at least a 500 billion dollar surplus to begin to pay down the 20 trillion (by the time the Holy One is done) debt.

Bottom line is, we are screwed unless we make severe cuts, and broaden the tax base. Taxing the rich won't even make a dent and will hurt growth.


Too bad nobody gave a shiat about the debt before he took over.
 
2012-12-31 10:42:48 PM

Amos Quito: Goodfella: [24.media.tumblr.com image 450x311]

Prince Joey B gettin it done again

/best VP since LBJ


Everyone knows that LBJ snuffed JFK and then hired Kubrick to fake the moon landings.

Don't you read the internet?


If that were true, he really WOULD be the best VP ever.
 
2012-12-31 10:44:36 PM
I know that the Senate plan raises the capital gains rate back to 20%, but does it address taxing dividend income as ordinary income?  My understanding is that if we went over the cliff, dividend income reverts to "ordinary" income for taxation purposes.

Honestly, if we started taxing dividend income as ordinary income, we could probably keep the existing tax brackets and still take in more revenue than we are now.
 
2012-12-31 10:48:40 PM

thisispete: Remember the days when you had a big essay due and it was the difference between passing and failing a paper? And you had plenty of warning, but you only really start to work on it the weekend before it was due? This is like that. Except times a million.


No- it's nothing like that. It's more like a necessary but hard-negotiated business deal, or a timed auction where nobody makes REAL bids until the last few minutes.

The operative goal here is not producing some intellectual product (like a school essay). It's a sheer fight over who gets what.

It was obvious early on in this that no deal was going to be reached until the very last minute (although nobody knew it would literally happen today- or MAYBE happen). In part, this is why I avoided the news about this whenever possible. It was all just Kabuki theater.

It may appear (even be) demeaning and degrading. But it is rational, for both sides. Neither side in this debate had maximum leverage over the other, until almost at the end. And neither side had the incentive to lay out what it would REALLY accept until then.
 
2012-12-31 10:48:54 PM

NeoCortex42: Thunderpipes: firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.

Issue is not complex.

We are spending a trillion or more a year that we do not have, we borrow to cover it.
We owe over 16 trillion and claiming.
Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.
We would have to have at least a 500 billion dollar surplus to begin to pay down the 20 trillion (by the time the Holy One is done) debt.

Bottom line is, we are screwed unless we make severe cuts, and broaden the tax base. Taxing the rich won't even make a dent and will hurt growth.

Too bad nobody gave a shiat about the debt before he took over.


Clinton did.
 
2012-12-31 10:49:07 PM

jackrazz: I know that the Senate plan raises the capital gains rate back to 20%, but does it address taxing dividend income as ordinary income?  My understanding is that if we went over the cliff, dividend income reverts to "ordinary" income for taxation purposes.

Honestly, if we started taxing dividend income as ordinary income, we could probably keep the existing tax brackets and still take in more revenue than we are now.


According to TFA it keeps it like Capital Gains - so 15% for the plebs and 20% for the wealthy.
 
2012-12-31 10:49:42 PM

just_intonation: A Shambling Mound: As we enter this bright new year, we should pause to reflect upon the debt of gratitude we owe to our fearless leaders who have worked tirelessly and selflessly in the face of insurmountable odds. Though it took all the grit, determination and self-sacrifice they could muster they have come together for the betterment of our great nation. Together. Together we shall all share in a better tomorrow.

Except for themselves, who get a pay raise from Obama no matter what.

Too bad this didn't come due on November 1. Might have changed the outcomes of many elections...



LOLOLOLOL.

Look who thinks the executive branch decides what the legislative branch pays itself.
 
2012-12-31 10:50:34 PM

Mrtraveler01: Ravijn: [i.imgur.com image 730x973]

Thanks for posting that. It reminded me that who ever made that has no farking clue how the debt ceiling works.

It also shows me that they would never consider the option that the family in that example would take a second job to bring more revenue into their household because cutting spending alone would not resolve that much debt.


Not to mention that "remove the shiat" isn't what's on the table. When the debt ceiling comes around, the choices are raise the ceiling or let the shiat blow through the walls and windows, causing permanent damage. I literally used that response when my sister brought up seeing that on her facebook the other day while we were all together for the holidays.
 
2012-12-31 10:51:47 PM

RminusQ: Mrtraveler01: Ravijn: [i.imgur.com image 730x973]

Thanks for posting that. It reminded me that who ever made that has no farking clue how the debt ceiling works.

It also shows me that they would never consider the option that the family in that example would take a second job to bring more revenue into their household because cutting spending alone would not resolve that much debt.

Not to mention that "remove the shiat" isn't what's on the table. When the debt ceiling comes around, the choices are raise the ceiling or let the shiat blow through the walls and windows, causing permanent damage. I literally used that response when my sister brought up seeing that on her facebook the other day while we were all together for the holidays.


What was the response when you told them that?

/just curious
 
2012-12-31 10:52:44 PM

Thunderpipes: firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.

Issue is not complex.

We are spending a trillion or more a year that we do not have, we borrow to cover it.
We owe over 16 trillion and claiming.
Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.
We would have to have at least a 500 billion dollar surplus to begin to pay down the 20 trillion (by the time the Holy One is done) debt.

Bottom line is, we are screwed unless we make severe cuts, and broaden the tax base. Taxing the rich won't even make a dent and will hurt growth.


Love how no one cared about the debt until Obama was in office. Nor did anyone think it was a bad idea for Bush to cut taxes at the same time he out two wars on a credit card. But now that we're trying to do something about both, people like you have to biatch and cry about how horrible the person you hate is for doing something about it.

You say to cut spending, yet whenever someone mentions the most bloated part of America's spending, the massive defense budget, the right immediately goes insane and screams that we musn't touch it lest the brown people with their Muslim ways invade and completely assimilate America like Middle Eastern Borg. Then they turn around and demand that all social safety systems be abolished and that will magically fix everything.
 
2012-12-31 10:54:49 PM

Amos Quito: Everyone knows that LBJ snuffed JFK [PARTLY TRUE] and then hired Kubrick to fake the moon landings[FALSE].

Don't you read the internet?


Sorry, too busy reading books about it.
 
2012-12-31 10:56:45 PM
www.bleachernation.com
 
2012-12-31 10:57:31 PM

Thunderpipes: Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.



Is that what they're calling the Rothschilds these days?
 
2012-12-31 10:57:46 PM

NeoCortex42: Thunderpipes: firefly212: Ravijn: [i.imgur.com image 730x973]

You do realize that much of the new debt is owed to US Citizens, yes? This idea that we're talking about a household budget is silly... we don't need to reduce the level of discourse to something more easily comprehended, we need to get smart enough to follow complex issues.

Issue is not complex.

We are spending a trillion or more a year that we do not have, we borrow to cover it.
We owe over 16 trillion and claiming.
Interest on the debt alone will approach 500 billion a year by the time the Messiah is done with us.
We would have to have at least a 500 billion dollar surplus to begin to pay down the 20 trillion (by the time the Holy One is done) debt.

Bottom line is, we are screwed unless we make severe cuts, and broaden the tax base. Taxing the rich won't even make a dent and will hurt growth.

Too bad nobody gave a shiat about the debt before he took over.


Bottom line is GDP is growing, cutting taxes on the rich produced nearly no discernable increase in GDP growth, and 40 of the highest earning 500 people in the US paid ZERO in taxes. Pipes uses vague terms like "broaden the base" to talk about how we need to tell poor people they cant have their bread because the government needs to take their money and give it to government contractors. People like me say "broaden the base" to mean an end to offshoring income tax schemes like the one that nets GE more than a billion taxpayer dollars a year, and end the tax hate on people who work for a living by making an investment of life (work) equal in terms of investment of money (capital)... he talks about the need to make things fair by letting the poor die off... I talk about the need to make things fair by taxing realized capital gains and income equally. His big idea is to destroy the system that produced nearly 70 straight years of good results, my idea is to fix the cracks in the system the way FDR did. He's a nihilist who thinks that we can't do anything right together, I'm an optimist who thinks that if we actually work the problem, instead of the ideology, we can realize the greatness that our country has relentlessly pursued since its inception.
 
2012-12-31 10:57:59 PM
And, when Boehners does return I hope the Roadrunner/Wily Coyote story runs its course as a nice, big Acme safe drops on his bronzed head.
 
2012-12-31 11:00:51 PM

Goodfella: [24.media.tumblr.com image 450x311]

Prince Joey B gettin it done again

/best VP since LBJ


Are you implying he is going to have his boss killed?
 
2012-12-31 11:02:40 PM

firefly212: Bottom line is GDP is growing, cutting taxes on the rich produced nearly no discernable increase in GDP growth, and 40 of the highest earning 500 people in the US paid ZERO in taxes. Pipes uses vague terms like "broaden the base" to talk about how we need to tell poor people they cant have their bread because the government needs to take their money and give it to government contractors. People like me say "broaden the base" to mean an end to offshoring income tax schemes like the one that nets GE more than a billion taxpayer dollars a year, and end the tax hate on people who work for a living by making an investment of life (work) equal in terms of investment of money (capital)... he talks about the need to make things fair by letting the poor die off... I talk about the need to make things fair by taxing realized capital gains and income equally. His big idea is to destroy the system that produced nearly 70 straight years of good results, my idea is to fix the cracks in the system the way FDR did. He's a nihilist who thinks that we can't do anything right together, I'm an optimist who thinks that if we actually work the problem, instead of the ideology, we can realize the greatness that our country has relentlessly pursued since its inception.


He's not a nihilist. He's a Koch whore.
 
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