Will Congress go over the Fiscal Cliff?

[soulflower]

I wish Obama had stuck to his guns on the 250k/yr starting point for tax increases.

He gave up most of his leverage without getting much in return...

[flyboy56]

I wish Obama had stuck to his guns on the 250k/yr starting point for tax increases.

He gave up most of his leverage without getting much in return...

You do like throwing the red meat out there don't you soul...

[pickles]

I wish Obama had stuck to his guns on the 250k/yr starting point for tax increases.

He gave up most of his leverage without getting much in return...

I disagree. That he got any kind of tax revenue, and the lion's share of what he asked for, w no spending cuts, is a minor miracle, and speaks to the politically untenable position the Repubs were in.

He won't have so much leverage in the debt ceiling negotiations.

[flyboy56]

How 'bout that fumbling inept Biden. LOL.

The real deal gets cut in the next couple months, guessing most of it is in place, hopefully substantial cuts to military and Medicare.

It's time to get serious about means testing all entitlement programs.

[soulflower]

I disagree. That he got any kind of tax revenue, and the lion's share of what he asked for, w no spending cuts, is a minor miracle, and speaks to the politically untenable position the Repubs were in.

He won't have so much leverage in the debt ceiling negotiations.

I think he should have gotten atleast 800 billion in revenue after initially asking for over 1 trillion in revenue. I think the deal that was passed only raises 600 billion in revenue.

The spending cuts are coming within the next 60 days.

He gave up most of his leverage. The Republicans won't be as kind when it comes to raising the Debt Ceiling.

[pickles]

It's time to get serious about means testing all entitlement programs.

Agreed.

And I think both parties will support this.

[pickles]

I think he should have gotten atleast 800 billion in revenue after initially asking for over 1 trillion in revenue. I think the deal that was passed only raises 600 billion in revenue.

The spending cuts are coming within the next 60 days.

He gave up most of his leverage. The Republicans won't be as kind when it comes to raising the Debt Ceiling.

No, they won't.

If in the end he gets the initial package he worked on w Boehner in 11 then I think he'll be satisfied.

That called for like 800 billion in revenues and 2.4 in cuts. I think he'll, when all is said and done, strike a deal more to his liking that that.

[SemiAuto]

I think he should have gotten atleast 800 billion in revenue after initially asking for over 1 trillion in revenue. I think the deal that was passed only raises 600 billion in revenue.

The spending cuts are coming within the next 60 days.

He gave up most of his leverage. The Republicans won't be as kind when it comes to raising the Debt Ceiling.

What leverage will the GOP have then that they didn't have here? They'll cave again to save their worthless necks.

More taxes, more spending, and no realistic cuts that are desperately needed. The government is fubar.

[flyboy56]

What leverage will the GOP have then that they didn't have here? They'll cave again to save their worthless necks.

More taxes, more spending, and no realistic cuts that are desperately needed. The government is fubar.

Spending cuts and tax reform, not to much the debt ceiling issue. This last fiasco was just a minor bump to what is coming. Anyone want to bet come the end of February when all this will need to be addressed, no prior preparations will have been done? The week before all is due people will act like these issues just came about. Sad government. Even sadder Americans.

[flyboy56]

Agreed.

And I think both parties will support this.

Then why is it all I am hearing is that the poor Republicans did not get the spending cuts they wanted...

But the Democrats did get most of the revenue they were fighting for...

No, I just don't see one specific party (Dems) agreeing to any real sizable spending cuts.

[flyboy56]

The AMT was not addressed in this new bill.

Without a change to current law, millions of American families will begin the new year with a rather costly and unwelcome gift delivered courtesy of the IRS.

In the absence of an alternative minimum tax fix, roughly 28 million taxpayers — about a third of all those who pay income taxes — will see their bill skyrocket.

The AMT hike translates roughly to an average increase of more than $3,200. To put this number in perspective, President Barack Obama’s proposed tax increases on the highest earners are set to bring in about $80 billion in additional revenues next year. The AMT hike will amount to $92 billion.

http://garrett.house.gov/garrett-amt...e-middle-class