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Old 01-01-2013, 07:54 PM   #1 (permalink)
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Default Fiscal cliff : what's your opinion, are you afraid ?

I am not American, but I think that this lovely image can sum up the situation in Washington D.C



Deficit 'fiscal cliff' bill actually spends $330 billion more
By Stephen Dinan - The Washington Times

Quote:
The "fiscal cliff" deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon.

CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for. Of those cuts, only $2 billion are scheduled to take effect in 2013.


And CBO also warned that some of the cuts Congress is counting are from programs on which CBO never expected the money to be spent anyway — such as cuts to the Consumer Operated and Oriented Plan, which was part of Mr. Obama's health care law. All told, the bill deepens the deficit by nearly $4 trillion over the next decade, when the new tax cuts and spending are combined.

The bill also delays by two months the automatic spending cuts slated to take effect Wednesday, with a promise to reduce spending in the future to cover for them.


Read more : http://www.washingtontimes.com/blog/...#ixzz2GkmSk558
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My opinion : It won't pass the Congress or only in one degenerate form --> The printing presses are on again. I can easily expect food prices in USA to begin going up at double-digit rates for the foreseeable future (inflation).

Worse the bill erases various parts of Obamacare ... and gives many tax cuts for "useful companies".

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Old 01-01-2013, 08:01 PM   #2 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

1.) I love how no politician has volunteered to reduce their income. If anything, a salary cut should be mandatory for all of the scumbag Congressmen and women.
2.) Partisanship once again rules supreme. The fact that these so-called leaders blatantly refuse to put aside their agendas for the betterment of this country just proves one thing: we've become subservient to the massive government, instead of the other way around. Not every aspect of your agenda will come to fruition, as Obama has said time and time again. Why people can't seem to grasp this concept is beyond me.

In the end, the American populace pays the price. What a bunch of incompetent babies we have elected.
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Old 01-02-2013, 12:42 PM   #3 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

Quote:
Originally Posted by TehJerichoFan View Post
1.) I love how no politician has volunteered to reduce their income. If anything, a salary cut should be mandatory for all of the scumbag Congressmen and women.
2.) Partisanship once again rules supreme. The fact that these so-called leaders blatantly refuse to put aside their agendas for the betterment of this country just proves one thing: we've become subservient to the massive government, instead of the other way around. Not every aspect of your agenda will come to fruition, as Obama has said time and time again. Why people can't seem to grasp this concept is beyond me.

In the end, the American populace pays the price. What a bunch of incompetent babies we have elected.
Government and Congress are two different things.

The government is the executive branch of the State. The Congress is the legislative branch of the State.
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Old 01-02-2013, 01:45 PM   #4 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

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Originally Posted by TehJerichoFan View Post
In the end, the American populace pays the price. What a bunch of incompetent babies we have elected.
the SOPA bill alone is proof that politicians have really lost touch with the modern day world
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Old 01-02-2013, 05:59 PM   #5 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

John Boehner Told Harry Reid 'Go F--- Yourself' Outside the Oval Office
By Dashiell Bennett | The Atlantic Wire – 13 hrs ago

Quote:
The fiscal austerity crisis has been temporarily averted, but given the apparent animosity between the current leaders of Congress its a miracle that any deal was made at all. Politico has a rather lengthy breakdown of the last week or so of negotiations that led to last night's budget bill and it leads off with an anecdote illustrating the current state of American politics. As they arrived for a much-hyped meeting with the President last Friday afternoon, Speaker of the House John Boehner spotted House Majority Leader Harry Reid approaching just steps from the Oval Office. According to "multiple sources," Boehner pointed his finger at Reid and without any other fanfare said, "Go f*** yourself." When Reid asked him what he was talking about, Boehner simply repeated his curse and moved on.

To be fair to Boehner, just hours earlier Reid had called him a dictator on the floor of the Senate, telling the whole country in a widely-televised speech that the Speaker cared more about protecting his job than doing what was right for the American people. And it won't be the first nor the last time a Congressperson swore a fellow lawmaker. Still, it maybe helps explain why the two sides seem more intent on destroying each other than actually passing useful laws.

source
Real classy and politicians create better heat and promos than WWE ... They could become great heels.

Seriously the crisis is just delayed for two months

- childish confrontations
- no real spending plan
- no real cuts in military or administration
- no change for Congressmen salaries
- welcome back contributions to Social Security
- smaller paychecks
- the rich will pay for the debt, but they will pay you less
- one-size-fits-all solution (pay California)
- no cuts for two months and later ?
- no reforms and changes
- let's borrow money to lessen the pain
- ...

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Old 01-02-2013, 06:50 PM   #6 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

Nothing will happen with Obama in office. He's not willing to cut spending. There's no way around balancing the budget without reforming or cutting Social Security or Medicare. Why they extended unemployment benefits for another year is beyond me. Most states already provide unemployment to its citizens for a 12 month period. The Federal Government decided it was dire to ensure 12 months of unemployment benefits on top of the 8-12 from most states during the recession. Makes sense, but we're recovering now and the GDP had a 3.1% growth rate in Q3. There's absolutely no feasible reason to allow people to take advantage of the system and not look for jobs up to 24 months.

But at least the payroll tax cut disintegrated. It's not much, but people need to be contributing more to Social Security if this system is going to be sustainable. It's a start, though it's safe to say that nobody is encouraged by the current state of Congress.
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Old 01-02-2013, 06:52 PM   #7 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

Cut spending across the board by 100%

Reduce all tax rates to 0%

Make all the politicians and hired thugs go get real jobs
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Old 01-02-2013, 06:57 PM   #8 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

We're fucked
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Old 01-02-2013, 07:00 PM   #9 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

It's all a "show". The wealthiest 1/10th of 1% run the nation, and as long as they're happy those Democrats, and Republicans are happy, and have jobs to which people vote them to.
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Old 01-02-2013, 07:05 PM   #10 (permalink)
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Default Re: Fiscal cliff : what's your opinion, are you afraid ?

Its a mess Demo and Rep can't get along what so ever. Both of the parties should stop protecting there sides and think about the future. The best thing to do is cut spending (especially in the Department of Defense) and raise taxes in a moderate level. Obama seems he won't cut nothing yet wants to higher the taxes and spend left and right. If there were some cuts and tax increases than we can start rebuilding the mess we have.
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