
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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Nov 9, 2012 1:48PM
Nov 9, 2012 1:47PM
I'm gonna laugh my **** off when all my idiot fellow employees who voted for Obama, open their checks in Jan 2013. I don't think any of them have any idea what's coming. They are so stupid. They really believe Obama is for the poor and middle class. We'll see what their reaction is come the new year. I bet most of them just give the pres a pass and put the blame on George Bush. I can't get over how stupid people are anymore. Is there anyone out there in America who has a clue but me? I feel so alone.
Nov 9, 2012 1:44PM
The best thing for the country IS going over the fiscal cliff in a barrel. It would fix the markets too, since the pain and recovery would be felt top to bottom instead of just the bottom. Denial does not change the facts; ALL tax payers need to pay more (or at least something), and Government budgets MUST be cut. This teetering on the brink will continue until the facts are collectively accepted and acted upon. Please turn off the TV and/or radio and read the Constitution, especially the fine print.
Nov 9, 2012 1:41PM
Let the entire system crumble, the building is rotting from the inside out, demolition time. After all, we're only talking about the U.S.'s economy, which is mostly owned and controlled by a very small % of its population. The U.S. economy is not our system of government, it's basically just a giant virtual spreadsheet of loans and debts, gains and losses. Nor is it a shared system of ethics or morals, nor the threads that bind our communities together. It's only money, and its only a symbol, a tool. Debts can be erased, new tools created, new, better systems implemented. The idea that entire swaths of civil society would degenerate into a free-for-all chaos of blood, crime, and murder is ridiculous. People find a way, Americans would find a way. Barter, sharing, communities united to ensure local prosperity and social and agricultural wealth.
Until we accept that we cannot continue as we are, that we cannot have everything all the time, that there isn't a never-ending supply of resources to build toys that distract us from the true nature of our predicament... we will continue to make life harder for the majority of people. Fear is our only inhibitor.
Until we accept that we cannot continue as we are, that we cannot have everything all the time, that there isn't a never-ending supply of resources to build toys that distract us from the true nature of our predicament... we will continue to make life harder for the majority of people. Fear is our only inhibitor.
Nov 9, 2012 1:41PM
Nov 9, 2012 1:40PM
Nov 9, 2012 1:39PM
I personally hope we go 'over the cliff'. I also hope that a huge amount of industrial leaders and business people go "Atlas Shrugged" on us. That's what this country deserves.........we need to hit rock bottom.......tear the federal government down and rebuild it to it's bare Constitutional minimums. Unless of course, you have no problem with burying future generations with such a massive debt that they'll never have the life that you have........
Nov 9, 2012 1:38PM
Nov 9, 2012 1:10PM
Nov 9, 2012 1:05PM
Nov 9, 2012 12:38PM
I doubt that anything in DC changes. Congress is still going to act like a bunch of unruly, selfish children on the playground. They don't care about America or her people. All they care about is themselves. The two-party system does not work and until the American public understands that and stops voting 'party lines' things can't change! And that makes us all victims!
Nov 9, 2012 11:30AM
Now we get to witness all the lies, all the deceptions for Obama and his criminal bought and paid for election deceptions. As a person who thinks both these parties are poison on our countries future. I hope everyone holds Obama and his puppets total responsibility for the $30 trillion dollar debt this country is going to see after he walks away from all you puppet idiots. Your cities still filled with scum, your gas prices will double, AGAIN as you lose your HOME equities AGAIN to pay his special interest Groups AGAIN. The proof on the table how racist this election really is today and funny thing is, I laugh my **** off. Don't matter you color, he is still sending this country into slavery again, slaves to your debtors and no matter your color you racist pigs, you will burn in the fires that are coming to your cities. Go get stoned on weed now, brain dead idiots seem to the the trend in America today.. Puppets of a string and the only poll they held, was polling your strings again like the selfish racist idiots you are..
Nov 9, 2012 11:09AM
I thought that I had learned to read some time ago, but I am unable to reconcile the meaning of "what it would cost the government to keep the current tax cuts and spending programs in place".
Isn't this really a reduction in spending and increased tax collection in lieu of a cost? Great looking article, but the meaning leaves me confused.
Isn't this really a reduction in spending and increased tax collection in lieu of a cost? Great looking article, but the meaning leaves me confused.
Nov 9, 2012 10:53AM
Now the Media is telling the truth..right after the Election. Thanks to MSNBC! Thank u so much. Tell the truth to the American People after hiding it for 6 months....Democracy will be in danger if people loose trust in the Media. Ordinary Americans were NOT aware of this 16 Trillion Bomb!. Please explain to them now. Thanks
Nov 9, 2012 7:41AM
Nov 9, 2012 3:57AM
Nov 9, 2012 1:13AM
Nov 9, 2012 12:51AM
Nov 8, 2012 11:46PM
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