Fiscal cliff: Worst-case scenarios

If Congress and the Obama administration can't come up with a deal to mitigate the effects of spending cuts and tax increases, the pain could be considerable.

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Dec 4, 2012 8:36AM

Here’s what Donald Trump had to say about Obama Care.

Let me get this straight . . . …
We’re going to be “gifted” with a health care Plan we are forced to purchase and fined if we don’t,
Which purportedly covers at least ten million more people,
without adding a single new doctor,
but provides for 16,000 new IRS agents,
written by a committee whose chairman says he doesn’t understand it,
passed by a Congress that didn’t read it but exempted themselves from it,
and signed by a President who smokes,
with funding administered by a treasury chief who didn’t pay his taxes,
for which we’ll be taxed for four years before any benefits take effect,
by a government which has already bankrupted Social Security and Medicare,
all to be overseen by a surgeon general who is obese,
and financed by a country that’s broke!!!!!
What the hell could possibly go wrong?

Dec 4, 2012 8:35AM
Don't worry, Obama will be in Hawaii for a 20 day Christmas holiday while we all sit around and wonder why that Christmas dinner just cost us a week's salary. What President goes on vacation with a nation standing on a precipice. He is out campaining today!  
Dec 4, 2012 8:11AM
With the ACA (Obamacare) looming, the proposed cuts in payments to physicians and hospitals is frightening. Who among us would take a 27% cut to continue working. And if they did, would they accept Medicaid, Medicare or any of the new ACA health exchange policies? Think from the Doctor's perspective, see more patients for less or limit those patients and see less better paying patients. This would require less staff; maybe even taking insurance at all! Cash or gold or barter. Back to the 19th century we go!

Dec 4, 2012 8:10AM
I have no problem paying high taxes. I'm not rich. both me and may wife work full time.
Dec 4, 2012 7:41AM
let it go over the cliff. We the people will survive and emerge less beholden to Washington politics.
Dec 4, 2012 7:35AM
Yall voted for this, so you cant complain, let the fiscal cliff happen.
Dec 4, 2012 7:34AM
Should I do a Back Flip, Jack Knife, Belly Flop, Cannon Ball, or Swan Dive?

Dec 4, 2012 7:26AM

Why is everyone complaining?

We voted for it.

We had a chance to go in another direction and we chose this one.

Now we are about to see the results of our choices.

What ever happens is a result of our actions in the voting booth.

We have no one but our selves to blame.

May God have mercy on this country.


Dec 4, 2012 7:06AM
I have an idea.  Let's print more money and pump it back into the economy giving it largely to overseas companies and big banks with no regulations or over site.  The United States dollar is being devalued on purpose.  If you believe in sound economic fundamentals this is the only explanation. 
Dec 4, 2012 6:14AM
well, sooner or later America has got to face its new reality and admit that we have financially self- imploded- yeah I know, Greed , lust and the almighty dollar-well? Its only worth what people think its worth cause it aint nothing but a piece of green paper backed by nothin! Thin Air is what its backed by and our debt is truly our casket with almost all the nails driven in for good- stop wasting time and dismantel our once great republic- time to strt up a new one with zero debt! Clean slate America! all current polititians must be beheaded and wall streeet cemented and turned into a museum-Then we can all rest and relax and enyoy those pretty Atomic bombs bursting in air!!!!!!  Let the cockroaches take over the planet and may God rest our souls!
Dec 4, 2012 5:37AM
So, most of the States that would be hit would be liberal leaning Democratic States who want Socialism or a sort of quasi Monarchy -Dictatorship.  I would donate a portion of what I make to the three red states that would be most effected just to see the liberal leaning Democratic voters burn in the very fire they spread to others.  Unemployment back down to 26 weeks sounds wonderful.  What is even better is that I won't pay a single bit of Income tax at all while this is going on.  Fiscal Cliff do your thing.
The president has to get off his high horse and get down to serious business!
Dec 4, 2012 4:24AM
All you dummies who voted for Obama and all his clones in his administration. You will get what you wanted now a second Russia.
Dec 4, 2012 3:43AM
As thy say:" Elections have consequences". The majority voted for this and "WE GOT IT".
Dec 4, 2012 3:16AM

BTW......Keep an eye on Gold tomorrow, along with the U$D dollar and oil...


Buying opprtunity on some miners or other plays;  Bar the door Jenny, for Inflation.

Dec 4, 2012 3:07AM

The Pentagon's Military Industrial Machine or Complex has to be stopped...

And then if need be, we could give ALL LOWERED paid soldiers a RAISE.


Plus furlough a lot of fat-azzed Generals running around that building and all over the World. 

Dec 4, 2012 3:03AM

Think there are orders for about 2400+ F35s, they have doubled in overall price, since order and bid..

Someone needs to have the balls to tell them to shove them up their afterburner azzes.


And they will probably be flown little, because we won't have the fuel. 

Dec 4, 2012 2:57AM

Recent poll just read within the last hour or so...


About 85,000 polled.....75% of partcpt. Didn't believe we would get a "fiscal deal" before Christmas.

I find that somewhat disturbing of what American Citizens think of their Leaders.

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[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open Market Committee. The S&P 500 added 0.1%, while the relative strength among small caps sent the Russell 2000 higher by 0.3%.

Equities spent the first half of the session near their flat lines as participants stuck to the sidelines ahead of the FOMC statement, which conveyed no changes to the ... More


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