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 6:11PM
How does cutting taxes for the rich help our current problem? It does not!!!! Not only do we need to raise taxes for everyone across the board we also need to cut spending. I personally know people who have been living off the tax payers for most of their lives and they are not even trying to find a job. I believe in helping others but I also believe in helping yourself!! We all must suffer a little to get the U.S. back on track.
Nov 9, 2012 6:09PM
well you sure didn't want them tellign the truth before - Obama wouldn't have been re-elected - now we got somebody to blame for this mess!! And I don't mind those 32.9 million folks gettin ghit with the AMT - because I'm one of the 4.4 million who have been hit with it every year since it was enacted (or certainly soon afterwards).
Nov 9, 2012 6:09PM
It was necessary to bail out the banks and wall street when the sky was falling. What do you think would have happened if the banks just failed with no Government (FDIC) support. I need my bank account to pay my bills and deposit my paychecks into. I have investment accounts, including a 401k, that dropped to almost nothing but I held out and did not sell. Now the market is about twice the bottom and my investments are actually better than they were before the crash. Some people live off of the dividends from their investments. My bank stocks stopped paying dividends at all for awhile. This was not Obama's fault because that was the situation at the time he took office and hundreds of thousands of jobs were disappearing monthly as a result of Republican no taxes on the rich policies. The rich never got kicked out of any of their homes or had to go hungry even if they lost their jobs. Did you know that both wars were not even counted in the Bush budget and Cheney stated that deficits don't matter? Obama put the war expenses back in and tried to do an honest reckoning of the accounts. He is an honest man and is trying to do what is best for this Country. The rich, making over $250,000 per year will not be hurt by a few more small % points of taxes that they paid without a problem during the Clinton years and still created 23 million jobs and ended up richer than ever. Give the President a chance. We will survive even if everyone's taxes go up a little and we then pay down our debt and deficit. You can't pay down anything without increased revenue in addition to cuts.
Nov 9, 2012 6:08PM
Nov 9, 2012 6:05PM
This was not a Super Bowl when the side that wins can gloat. OB just won the right to serve the people...ALL THE PEOPLE...now get to work. No more "blame Bush" no more the "Republicans won't cooperate". OB knows the game...know who to blame and in a flowery way, preach how you'll help the middle class...it worked...again!. Thanks OB, now more people have entered the middle class. It is now easier than ever to depend on the Gov to get by. My spouse and I make over $250K...but together we also work over 100 hours/week and neither one of us can quit work. Yes, we are within America's "working class", but OB calls us rich and wealthy. Someone please define "fair share"... Unless things change soon, I will have to layoff 20 workers. Thanks to those who believe free-things is more important than free-dom, OB is still in office because YOU voted him in with neither a clue why nor the inkling of the long-term impact on ALL AMERICANS. Many wealthy people create jobs and usually work 60+ hours a-week. If you want a job, invest $300 in Rosetta-Stone...Learn Chinese because someday you'll run out of other people's money...
Nov 9, 2012 6:05PM
Nov 9, 2012 6:02PM
Nov 9, 2012 5:59PM
I forgot to copy my previous post - it never downloaded - guess it was too truthful/common-sense. Oh well I did copy my 2nd msg I tried to post and here it is:
Know how the gov't works? We thought we knew, I am not a political science major, don't want to try
to do what we pay them to do/know. Who signs contracts/bills/legislation they don't read or understand
(they are the ones with the degrees right/so-called intelligence right?) Speaking of AmTrak -
I heard on Talk Radio millions was wasted on some snack that wasn't selling on the train for years?
Who let that slip thru the cracks? Talk about auditing ! Who's grand idea was it to give
millions/billions to other countries (while the kings/queens sit on gold toilet seats)
and their own people are suffering under thier regime/government. Long ago we started this mess of
getting into other countries business (for so-called diplomatic reasons, because we wanted their
resources), now of course we are paying a high price for the intellectuals ideas/charts/forecasts
etc. Common Sense is dead - it's all about the smooze, double talk/rhetoric, political correctness,
not about plain speak, and repealing all of the unncessary/destructive monetary contracts to give
$ for stupid stuff (maybe they can't cancel the contracts because of the expiration date....there are
cookies on my computer from websites I visit that expire in 2047 !) The Govt was supposed to use the
tax $ for improving the nation/infrastructure, defending the country and the Constitution - oh well,
I guess Public TV, sewers, roads/bridges, schools, unbiased access to healthcare (remember the
Doctors who wanted to help people even though they were paid with chickens/produce and wasn't concerned
with being monetarily rich or sued for malpractice?) all this is a thing of the past, not politically
correct, or the social things to do anymore.
Nov 9, 2012 5:58PM
This is all so, so funny.
MSNBC: So now you decide to tell the truth as it was and is? Really? Barrack cannot, himself, believe that he was re-elected.
Singapore or Hong Kong? I'm trying to decide which duty free port I'll be moving to. I love them both, but soon......
Someone once said, "The problem with socialism is that you eventually run out of other people's money." Truer words were never spoken.
Nov 9, 2012 5:56PM
How incredibly sad. We have become a nation of ignorant younger voters who are looking to Uncle BO for free gifts and adults who look at BO like a sugar daddy. There is so much waste at the government level it is ridiculous. When government contracts are outsourced to general contractors who pay $55,000 plus to students right out of college who don't know which end is up and sit around playing on their Smart Phones we have a problem. I am a former military spouse who sees this at our local base and it makes me ill. Whatever happened to working your way up the ladder? I would be willing to pay more in taxes and more for our Tricare benefits if that is what it takes. Yes, we had it tough during our active duty years, but guess what, we expected it, even to the point of my husband paying with his life. I do not think we should have to pay less than our fair share,even though we were promised otherwise. Great sacrifice is necessary and I for one am willing to do so again in the defense our country to avoid the total dismantling of all we hold dear. Ignorant portion of the electorate will regret voting BO back in. Like sending an army into battle without a weapon.
Nov 9, 2012 5:54PM
for all of you badmouthing obama, this isnt that big of a deal. the only thing he needs to do is what he should have done 3 years ago. let the bush tax cuts expire, and start taxing where there needs to be taxes. you all are acting like the truth just came out. we, that have been paying attention, and still voted for obama, have known this all along. its only you right wingers with the blinders on that have been taken by suprise
Nov 9, 2012 5:50PM
Nov 9, 2012 5:50PM
Nov 9, 2012 5:43PM
Nov 9, 2012 5:43PM
The Fiscal Cliff was a Delaying Monetary Device (Kick the Bucket Down the Road) Passed by BOTH Republicans & Democrats to FORCE a Resolution to the Budget Crisis and Address the Deficit. The Republican Pledge to Not Raise Any Taxes is akin to Burying Your Head in the Sand. Bloviating Pundits Make Enormous Amouts of Money by Blasting this and Anything into a Contraversey. The Bush Tax Breaks of 2000 did Little to Help the Economy while We Engaged in Two Unfunded Wars and Added Unfunded Medicad Benefits. We Changed Laws to Allow Banks to become Speculitive, Added Derivites, and then Sold American Triple AAA Rated Junk Bonds to the Rest of the World? You Say You Want Minimum Government but Champion the Best and Largest Military Budget in the World. Do You really Think that Ending the Iraq War and Reducing the Troops in Afaganistan does Not Save some Money from the Military Budget? Bad Government is the Problem, and it comes from Both sides. We Need to Promote Good Government with Honest Discourse to Find COMPROMISE as Intended by the Founding Fathers.
Nov 9, 2012 5:42PM
Nov 9, 2012 5:42PM
Nov 9, 2012 5:35PM
Nov 9, 2012 5:31PM
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