Lets just go over the cliff. Our debt isn't getting any smaller

[flyboy56]

Bernanke, a non elected private citizen in charge of the most powerful private bank in the US if not the world, is making decisions that effect not only the US economy, but the world economy as well. Our own democratic elected representatives are unable to make the necessary decisions to keep us from falling into a fiscal black hole. We have chosen to relinquish control of the democratic process to a private banking organization. This is a huge turning point for America.

[CajunRaven]

Hey, I'm the guy who says we should go over the cliff. I feel like the more we put off paying for our debt, the worse it will be in the long run.

I'd like to see the Connie Mack penny plan looked at. Freeze spending at current levels (no baselining) and then cut a penny for each dollar spent across the board.

That's not perfect by any means, but it spreads the pain out. Obviously Medicare and SS don't fall well into that. In those cases, we need to separate them from the general funds and use the taxes for them in their own space. No more borrowing the payroll taxes collected from them, and then deal with each as an individual entity.

[Marshan Man]

Let's go over the cliff! Let's go over the cliff! Maybe the fiscal cliff is what the Mayans foresaw as the end of the world....

[Fang]

Let's go over the cliff and let's raise taxes on everybody.

[flyboy56]

Why bother. What ever is done, it will not be enough. If you weren't ready for this day and you depended on the government to keep the economy a triple A rating, and you depended on your credit cards, you are screwed! The first red flag that should have shown you were wrong in your thinking was the recent downgrade to AA the government received. Really bad times are coming because people are selfish and greedy and refuse to do what is best for the country.

[soulflower]

I'd like to see the Connie Mack penny plan looked at. Freeze spending at current levels (no baselining) and then cut a penny for each dollar spent across the board.

That's not perfect by any means, but it spreads the pain out. Obviously Medicare and SS don't fall well into that. In those cases, we need to separate them from the general funds and use the taxes for them in their own space. No more borrowing the payroll taxes collected from them, and then deal with each as an individual entity.

I can get behind a modest tax increase at all income levels in order to be more fair to the top 2% but I don't think either side is proposing to raise rates on everyone.

They will instead use the sneaky route and raise taxes on the middle class via ending middle class tax breaks

[Marshan Man]

Really bad times are coming because people are selfish and greedy and refuse to do what is best for the country.

They're called the house republicans...

[Grindelwald]

I doubt we go over the cliff because the Republicans know that if taxes go up on the middle class they know they'll get blamed for it.

[flyboy56]

I doubt we go over the cliff because the Republicans know that if taxes go up on the middle class they know they'll get blamed for it.

That's just a media buzz word. We went over the fiscal cliff in the early 80's when the US became addicted to foreign investments.

[BlandFood]

Does this make Bobo unpatriotic? http://thegatewaypundit.com/wp-conte...ama-anthem.jpg

I guess the tramp mother left all that stuff out.

[flyboy56]

Does this make Bobo unpatriotic? http://thegatewaypundit.com/wp-conte...ama-anthem.jpg

I guess the tramp mother left all that stuff out.

Wow, picture is old if that is the former Gov. of New Mexico Richardson. He's put some weight on sine then.

[BlandFood]

Wow, picture is old if that is the former Gov. of New Mexico Richardson. He's put some weight on sine then.

Yes, I thought he was a midget from the pic maybe not. He strikes me as scummy, John Edwards Bubba Clinton scummy.

[regularguy]

Bringing back the Clinton-era tax rates and imposing mandatory spending cuts will have a short-term negative impact, but a long-term benefit by sharply cutting the deficit. I'm for doing nothing.

[tonita]

Actually, consumers are paying 1.8 percent more for products than they did last year according to the Labor Department. That is in spite of flat wages and a high jobless rate. While 1.8 percent may seem meager, it accumulates quickly and makes a difference, inflation adds up. Still, it won't shrink the national debt.

[MontanaJack]

The difference between the Clinton era and the present day is that stuff is more expensive now. Housing, health insurance, etc - even relative to inflation. Furthermore the economy is still very fragile. Also people are locked into mortgages, car payments, etc., they entered into based on monthly budgets with the present lower rates.

There's a reason the CBO says doing nothing will result in a recession; that the CBO of all groups is willing to be so bold in their prediction should be cause for concern. Clinton era tax levels would be a disaster in this context.