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.
VIDEO ON MSN MONEY
Okay now it's time to get the attention of these Law Makers! Stop wages and all benefits until they work a comprimise to resolve the problems facing America! There is no excuse for taking hard line stances when you are sent to find a way to keep America moving.
Make all the bail out banks and financial institutions pay back all funds they received for bail out or shut their system down. That will lower the deficit right away. Any Legislator that refuses to go to work for the people resign and move on no more excuses....
am confident our national deficit will begin to fall slowly very soon, as will our unemployment and fuel prices, and food stamp recipients. All will have unlimited healthcare, prisoners will be moved from Gitmo and Nirvana will be achieved by all. They will continue to do so for the next few years and this will all prove to be just a little slump we've been in lately.
We need Gov. Mitt Romney he had a plan and the Democratics ****ed up and blames Republicans
God help America
First, the so called 'fiscal wall' is something that we have been rushing headlong into for more than 80 years. But, like most politicians, and americans, we buried our heads in the sand and refused to see the evidence. Every single time we come up in debt (and thats been way more than a century, but we didn't understand economics until the 30's.), we put off paying it off until the next year, while inflation increased our debt even more.
Second, raising taxes, and indeed, almost any countermeasure will ruin the economy. There is no getting around this. If we tax the poor, and the ever shrinking middle class, the majority of americans will have less to spend on frivolties, which either means a higher personal debt, or a slow down of the economy. If we tax the rich, they in turn raise prices to offset, in a spiral of idiocy. So the middle and poor have less money to spend (or rather, the money they do have buys even less).
Third, and I have said this over and over, is that the President HAS NOTHING TO DO WITH THE ECONOMY! Period. Congess controls that. And if you didn't notice, the Dems only control the Senate. So good luck trying to get anything pushed through for another 2 years. Its more of the same results as the last two years.
The government, in and of itself, is reaching the limit of what it can do to save itself from Americans and their own greed. And this is just another example of it. What we really need is for Americans to get off their duffs, and start paying taxes without the loopholes, voluntarily. If even the rich paid the taxes they were supposed to, then it would do quite a bit to alleviate at least the interest on the debt, which will slow our debt acculumulation.
Well, we can now go 'Forward' to fixing this problem that has been going on since Bush, Rove, Cheney and 'Cronies'.
You GOP people are good for one thing though. I'm enjoying greatly watching you 'squirm' !!
Waaaah !! Who's the 'baby' now, eh?
- Not so Disillusioned (after Tuesday night !! ) :- )
The people that put BO back in office are the same ones that put Jesse Jr. back after being non existent for 6 months. I want a job like that! Hell, I'll only stay gone for 3 months at a clip. I can see why everyone outside this country says the dumbing down of America. Vote for non of the above!
The fact of the matter is:
We won't go over the fiscal cliff.
Legislation will be passed, and all of you panickers know it.
Just like it always is, and just like it always will be.
The simple act of decriminalizing marijuana could single-handily resolve this issue.
Washington state is projecting a tax-revenue of $500-million a year from regulating the now-legal substance in their state.
A booming hemp-pulp fiber industry would arise, combined with a savings from those current law-enforcement and judicial resources, which now can be concentrated on more serious crimes.
Jobs, tax-revenue, a shift in focus to serious crimes - what's the hold up?
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages began the new trading week on a slightly lower note with small caps leading the weakness. The Russell 2000 shed 0.3% while the S&P 500 slipped less than a point with six sectors ending in the red.
Equity indices began the day in negative territory with only the Nasdaq (-0.04%) making a very brief appearance in the green. After sliding through the first hour of action, the major averages reversed and spent the remainder of the session climbing off ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'