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 3, 2012 10:42PM
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A Democrat prayer...

Our Obama, who art in power, hallowed be thy name.  Thy kingdom come, thy will be done, in the USA, as it is in Cuba and the USSR.  Give us this day our daily food stamps, and redistribute our wealth as we redistributed the wealth that came before us.  Lead us not into prosperity, and deliver us from capitalism, free markets, entrepreneurship, hard work and personal responsibility.  For thine is the kingdom of debts and entitlements and deficits and unfunded liabilities, forever and ever.  Amen.

Dec 3, 2012 10:39PM
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First and for most we need to get the hell out of the United Nations. I am so sick and tired of hearing the U.N. telling us what they want us to do. Last time I checked they were not and never will be the one to tell any American what to do. Now the so called fiscal cliff. It's time our Federal government takes a big pay cut and starts paying for their own medical expenses and only gets two weeks vacation and five sick days a year. It's also way past due for term limits. I think if we could get term limits we would be on our way to a greater America so these so called politicians don't have a life time job to get rich on our watch. The Federal Government must be the first to take cuts on every thing they get. Don't even start with the middle class whats left of it and the poor. It's time to start from the top on down from both parties. This two party system is the biggest joke there is.
Dec 3, 2012 10:38PM
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I blame the GOP for messing us over. Let the rich pay more taxes.
Dec 3, 2012 10:29PM
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Good to see you're still around Charlie!
Dec 3, 2012 10:29PM
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WAH! WAH! WAH's a cumming!  When America DEMANDS Congress sell all their belongings, sell their houses, sell their Cadillacs, sell their fancy suits, close their bank accounts and put every penny toward the national debt, we will be in a wah with congress.  But, it may be one worth fighting. CONGRESS made this mess.  It is time THEY pay up!  Many Boards members are financially responsible for the debts made by the board as a whole.  Why should congress not be responsible individually for loans they make?  We should DEMAND they sell all they have and pay on the national debt like the old people in nursong homes have to sell what they have to pay inflated healthcosts.  Can not more than 300 MILLION American make 535 clowns pay???
Dec 3, 2012 10:21PM
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Every living room in America is now the "stiuation room."  Congress is the "theatre."  We are watching a well orchastrated play entitled "The Fiscal Cliff."  Now, the climax of the movie is an increase in "fees" and "taxes" for almost all Americans.  Salaries and benefits will not be cut for top military and government employees.  Everyone else will pay the price.  The total collapse (fiscal cliff) will be avoided in the last moments.  Congress will brag about avoiding a disaster and will pound their chest as they ask you to put them back in office.  You will do it.  Now..a simple solution: DEMAND every congressperson, the president and all elected in Washington sell their belongings and pay every penny toward the national debt THEY created.   Then, all are to sign personal loans  to pay the rest!
Dec 3, 2012 10:20PM
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Trying to figure out Obamas administration and WHY  he's doing what he's doing ---may just be that he is right on course.  Perhaps his intention for our USA is to knock away at the original foundation that used to be our strength, ignoring any possible reparation by fluttering around the country giving speeches.  He is living well at the taxpayers expense so why change.  There will not be any move to a solution until just before Christmas,  an old tactic..
Dec 3, 2012 10:20PM
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It's starting to not pay to be responsible.  The American dream is gone.  Wages will continue to drop and unemployment increase, along with poverty.  Private sector is getting screwed.

Dec 3, 2012 10:14PM
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don't have anything, anyway...

still waiting on the zombie apokolypse

Dec 3, 2012 10:13PM
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If we do go off the cliff doesn't that solve some problems?

We raise taxes on everyone and not just the people Obama hates.

We get some real spending cuts.

We destroy capital investment and reveal what Obama's policies will do quicker.

Unemployment will soar and so the democrats will have to face that consequence in 2014.

We nullify Obama's power to threaten us with more taxes and take away his byline "paying your fair share".

Obama would not dare to move forward with an immigration amnesty plan with so many unemployed.

I say go over the cliff, the amount my taxes will increase is worth it to see this fool of a president fail.

Dec 3, 2012 10:11PM
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They are looking at Medicare. Long-term, it is our biggest problem. GOP is talking about age increases; Obama is talking about efficiency. We need them both. The GOP is talking about limiting the (COL) increases for S.S. (hopefully that is about the minimum). With these changes and our current environment, increase the debt ceiling and kick the rest down the road.

Dec 3, 2012 10:10PM
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All you have to mandate is that if we go off a Fiscal Cliff, every Congressman, Senator and President are immediately fired.  Guess what would happen.
Dec 3, 2012 10:09PM
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it's all been set up by Obama and his cronies so that the so called 'fiscal cliff' won't happen until well after the election. If americans didn't see that then they are dumb.  The first dumb thing we did was elect Obama. The 2nd dumb thing we did was to re- elect Obama after we saw how slimely and crooked he really was. And no I didn't vote for him either time. In 2008 I voted republican and then in 2012 after I saw just how slimey the whole political process was I didn't vote.

 

Dec 3, 2012 10:06PM
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Can someone tell me why Nancy Polosi is still running her mouth when she was voted out 2 years ago?
Dec 3, 2012 10:06PM
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I really don't see how Bush was held responsible. Yes every one new what he did to this nation and to the economy, and the war.
But held responsible I think not, all of his constituents meaning the wealthy received their bail outs.
And the wealthy still are crying foul YOUR NOT RAISING MY TAXES!  So! Who really are the entitled?
It  surely is not the working men and women of this country who are just trying to make a living.
And still the wealthy are trying to take away what ever we have left can you say greed!
Look there should be term limits for those law makers in Washington basically for the longest time we have had taxation with out representation .
Can you say Government for sale if you have enough money   you to can buy a law maker. 


Dec 3, 2012 9:59PM
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After reading this article it looks like going over the cliff may be whats best for America. We need to cut spending and raise taxes on everyone to get our debt under controll. I hope no "deal"  is reached.

Dec 3, 2012 9:56PM
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Our leaders could fix the whole financial problem with a few fixes: Stop paying the senate, congress, and all elected officials until they fix the problem. Quit giving billions to other countries like Pakistan. Close FEMA, Homeland Security and the IRS. Bring our troops home and let the National Guard do that job. Stop income tax and just have a flat tax of 10% on everyone above poverty level. Make all of Congress and the senate have the same Social Security retirement as the rest of us. Charge a 25% tax on all imports from China and bring our factory's back to the U.S. Ron Paul was so right and nobody listened to him. We wouldn't have problems in the middle east if we would stay out of there. Quit buying foreign oil, we have our own oil! Leave the rich alone and make the government pay taxes. What ever happened to all men are created equal? Where are we the people?
Dec 3, 2012 9:54PM
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Lets go over the cliff time we all pay our fair share.We hired these bozzos to speak for us help keep our country on track.But all thay have done is spent our childrens future. Then we were stupid to hired then for another four years thinking we would get diffent results. Give me give me give me thats what the 47% that voted him back in wanted.Never once thinking about there kids.So If if we go of the cliff thay have to pay to. I'm ready lets jump.

Dec 3, 2012 9:53PM
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tis is all dirty politics as usual.. those in power believe that the citizens are all fool and ignorant..

remember when the tide rises  we all are going to drown..so keep playing dirty..good  luck....i already lost everything material that i had... but my soul is clean..

Dec 3, 2012 9:52PM
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