11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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Did any of you actually read this article? How you would lay the blame at Obama's feet eludes me. You sound like a bevy of sore losers.
Would the bunch of you whiners like some cheese?? We were going off the fiscal cliff no matter who became Prez. The current path is unsusstainable....all will collapse and all will start over again and screw up the country all over again.
As history proves we do not seem to learn from previous history. We do the same crap over and expect a different result because every new generation thinks they are smarter than the past generation..Guess what...it is not true.
Reducing the size of the government should include eliminating 235 representatives. We can do the same as the senate..2 per state. Don't even tell me that those reps have anything to represent from their communities....they only represent the lobby or special interest that greases their purse.
Ready for this......I work for a contractor supporting a gov't agency. I am middle aged and have been told by numerous civil servants they are taking a gov't buyout prior to a Jan 31st, 2013 cutoff. The buyout includes them starting to recieve thier full pension when they accept the buyout. Here is the kicker, the individuals I know taking this aren't even my age (less than 50).
YOU cannot run the gov't like a union. I am tired of providing pensions for CS's when they are also offerd optional retirement plans (401ks, etc,) like the normal Joe. Not one of our elected officials, nor media outlets will talk about this issue.
Gov't agency's total salary info is public information. Check it out and you will see where all our tax dollars are going. The gov't calls these funds "Economic Impact."
No faith at all.
I voted for Obama and I'm proud of it. Romney's solution of deregulation and tax cutting our way back to responsible government was voodoo economics at its best. It was equivalent to going home and telling your children "use your cell phones as much as you want" and telling your spouse "don't worry about depositing your paycheck in the checking account anymore because I've decided to save money by not buying groceries." This, magically, will mean everyone is going bring more money home. It didn't work in the 80s and it didn't work during the first decade of the 21st century... Or has everyone forgotten that was one of the selling points of the Bush tax cuts?
The solution, in the short term, is to implement the Simpson Bowles Commission’s recommendations. That will require serious cost controls by the Federal government and more revenue collection in a controlled and reasonable manner. Most of all, it will require compromise on the part of both liberals and conservatives to make it happen. Neither side can dig in its heels and say there will be no compromise on their pet issues.
For those of you who are spouting off about how we all deserve to go over the fiscal cliff because of who was elected as President, YOU ARE THE PROBLEM! Grow up.
We are so far in debt we can never pay it back. That is the issue here. So what if Obama manages to pay off a Trillion dollars... We are 16 Trillion in debt, we pay out a 1/3 of our National Budget in interest... How will we ever recover from this debt.
Obama has spent more than all past Presidents combined. He has taken us from 10 Trillion to 16 Trillion in 4 years, we are doomed. I hope everyone know how to speak Chinese...
Special shout out to all the illegal aliens who destroyed the American Dream... I hope they choke on all of their entitlements. Half the voting populous despises you all.
The bankers are getting desperate because we are one step away from connecting the dots. Medicare is not the problem. They are.
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“I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I traveled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.
-- Benjamin Franklin
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[BRIEFING.COM] The S&P 500 (+0.1%) hovers right above its flat line with seven sectors sporting gains.
Market participants received just one economic data point today (June Pending Home Sales -1.1%), but the rest of the week will bring a full slate of data. Tomorrow, the Case-Shiller 20-city Index (Briefing.com consensus 10.0%) will be released at 9:00 ET, while the July Consumer Confidence report (consensus 85.6) will cross the wires at 10:00 ET.
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