10 who led us to the fiscal cliff

They fed our greed and guilt and told us we could have all the spending and tax cuts, too. While practically all of us had a role in this mess, these 10 stand out.

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412Comments
Dec 5, 2012 11:03PM
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THE ENTITLMENT GREAT SOCEITY STARTED WITH ROOSEVELT AND JOHNSON - A NOT MY FAULT SOCEITY SPRINKLED WITH WHATS IN FOR ME AND A DEMOCRACTIC PROGESSIVE AGENDA THAT ALL THINGS COME FROM GOVERNMENT.

 

WE ARE HEADED FOR THE CLIFF - WHEN A SOCEITY CAN VOTE FOR THEIR ENTITILEMENTS AND SUBSIDIZE - WHY THE HELL SHOULD WE WORK!!!!!!!!!

Dec 5, 2012 10:45PM
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Wow, did they softpedal Obama as a contributor or what?! Not biased, is the author? The author was also WAY too soft on Greenspan and the Fed. And as for there being the 10 biggest contributors - sorry, but it should be more like the 100 Biggest Contributors. They should all be brought into the light and let the American people see just what kind of scumbags we have running this country.
Dec 5, 2012 10:43PM
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The nation is overloaded with unproductive people in high places. Paper and button pushing pays more than actual effort. We spend more time and energy fooling with markets that are anti-American and not on job recovery. Sever the top off all non-Founder-run businesses and recover all the jobs that need to exist to restore balance to the economy. Abolish the Tax Reform Act and Gramm Leach Bliley. Restore Glass Steagall. Close banks and the Federal Reserve. RECONCILE. Don;t want to? Leave. Let's get a frip on who we owe, how much and why? If it's all the same people, eliminate them immediately. Get a job. Do a job. Financier isn't a job. Wall Street has no value.

 

16 days.

Dec 5, 2012 10:35PM
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Surprised Bernanke and his weak dollar policy didn't make the list.
Dec 5, 2012 10:23PM
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Being a Republican, I hate to say it but. . . Ronald Reagan tripled our debt in eight years.  I detest "conservatives" that are not fiscally responsible, and he probably started the madness.
Dec 5, 2012 10:22PM
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I like the last name. Nutting off! Were you bored or what? You're not even close. As I can see you are just one more far left leaning liberal wanting to blame everyone else besides those that are truly to blame. I say as an American we need to stop paying all taxes. There fore all of this gluttonous government goes away along the greedy **** political BS. All this started when congress made an income tax into law in the Constitution. Then congress voted in the 70's to make a floating deficit so it just looks like the POTUS is actually doing something when they're not. As for you find another job 'cause you're not any good at this one.
Dec 5, 2012 10:20PM
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I like the last name. Nutting off! Were you bored or what? You're not even close. As I can see you are just one more far left leaning liberal wanting to blame everyone else besides those that are truly to blame. I say as an American we need to stop paying all taxes. There fore all of this gluttonous government goes away along the greedy **** political BS. All this started when made an income tax into law in the Constitution. Then congress voted in the 70's to make a floating deficit so it just looks like the POTUS is actually doing something when they're not. As for you find another job 'cause you're not any good at this one.
Dec 5, 2012 10:08PM
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And you categorize Bill Clinton in with this group?  What kind of A$$ are you?
Dec 5, 2012 10:04PM
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As Pogo said, "We have met the enemy and it is us!"  We can use the blame game til we're blue in the face, but every American is to blame.  We have lived the "Life of Riley" off China and the rest of the world by buying cheap goods...and too many of them.  We citizens are the "greedy" ones and we're to blame just as much as the people mentioned.  They gave us "feel good" policies and we ate them up.  They gave us "freebies" and we ate them up.  Now, we pay the price collectively!!  The Fiscal Cliff is all about us!

Dec 5, 2012 10:03PM
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What created this mess is the philosophy that took down Rome.  There is no greater danger to a nation than to allow the voters to vote themselves money.

 

Solving the problem is easy permit Federal spending only on those issues that provide for the defense of the US;   No money for schools, health, retirement, and anything else that does not contribute to the direct benefit of the country.  Education is the responsibility of local government, health is your responsibility, earn your money and stop holding your hand out for what isn't yours.

 

Why am I responsible for your education, your health, your welfare, etc.  I take care of  my family and my neighbors. I am tired of footing the bill for those who can do nothing but cry "its unfair."  Well life is unfair, deal with it.

Dec 5, 2012 10:00PM
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Mr. Nutting has taken a pretty narrow view on the facts with most of the participants, in an attempt to write a compelling essay.  The Laffer Curve, rather the economics of it, work.  There is a point of diminshing returns, but there is also an optimization.  This is the crux of the argument, what is the proper role of government.  Clinton didn't balance a budget, his Secy of the Treasury Rubin re-financed long-term national debt to lower interest rates, and Republicans forced him to limit role of government. The "paper" economy of the dot.com boom created the revenue increase with his tax rates.  When the dot.coms busted in late 90s/early 2000, what happended with the Clinton rates? Kennedy and Reagan administrations proved that lower tax rates provide incentive for investment and capital growth, and hence GDP growth.  When we have people working government should have plenty of money, hence the colossal waste because it can't control itself. When folks aren't working, government doesn't have money regardless of tax rates, and printing it  to support government giveaways, isn't the answer.  Curent administration proves this point. Most of this is in a freshman Econ 101 class.
Dec 5, 2012 9:50PM
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Can we afford to keep giving our money to Obama. So he can give it to the Moslem brotherhood and big unions?  When will we wake up america?
Dec 5, 2012 9:47PM
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I guess Rex is going for an ambassadorship of a country of his choice. He should be in charge of Obama's fund raising.
 Thanks for the good laugh.
Dec 5, 2012 9:30PM
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How can you leave out Barney Frank who killed every effort to control Freedie MAC and

Fannie Mae.

Dec 5, 2012 9:21PM
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Who lead us to the fiscal cliff?  Obviously our elected officials that wouldn't/won't step up to the plate and tell it like it is so they can get reelected to their gravy train positions.

 

However, in the end it's the electorate, you know those that vote, that keep electing these folks on promises they know can't be kept or don't want to pay their fair share..  With nearly half of the electorate not paying Federal taxes it's not surprising.  I can't wait until we get over half this country not paying into the system.  If you think the riots in Greece are bad wait a few years.

Dec 5, 2012 9:12PM
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Rex Nutting is an effing joke. 

Laffer has nothing to do with it.  His Laffer Curver theory is sound.  The problem is, that no matter how much revenue is that it is never enough if you don't control spending.

Pete Peterson, because he brought guilt to the debt?  Are you effing serious?

Bill Clinton never had a surplus.  Look at the record.  Deficits every year.  He also pushed that everyone who wanted to own a house should be able to regardless of their ability to repay.  He is also the one who did away with Glass-Steagal.

Greenspan, I agree with, but I would tie Bernanke to it as well.

Bush/Cheney, don't disagree.

David Lereah, go back to what I said with Clinton.

Grover Norquist, go back to Laffer, we don't have a revenue problem, we have a spending problem.

Barack Obama, just takes a bad situation and makes it worse.  You want to get more revenue, get people back to work.  This idea that the only way to solve the deficit is to raise the taxes on the rich is the biggest effing joke I have ever heard.  Great, you can fund the government for 4 days, still leaves you with one big pile of stink!  Get people back to work and cut spending, and you might be able to get the budget balanced.







Dec 5, 2012 8:59PM
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The problem is there was no budget surplus in the first place. Conventional wisdom would lead the public to believe that if the national debt was zero, and revenues to the treasury exceeded the cost of government, then this would be a surplus. This was not the situation. Politicians in their non conventional wisdom figured we had a surplus after ONLY THE INTEREST on the national debt and the federal budget obligations were paid. That's like the average person paying only the interest on a 300k loan and consider themselves rich when they might have a negative net worth of 1/4 million.
Dec 5, 2012 8:56PM
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Inhale deeply as we are about to go where no one has gone before!

Dec 5, 2012 8:12PM
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ALL THE LEFT WING LIBERAL SOCIALIST DEMOCRATS AND STUPID DEMOCRAT VOTERS! CAN'T BELIEVE OBAMA MADE LIST!

Dec 5, 2012 8:06PM
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Another biased article!!!!

THEY DIDN'T MENTION THE MILLIONS OF STUPID VOTERS THAT MADE IT ALL HAPPEN!!!



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