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.
VIDEO ON MSN MONEY
NO ONE" can have everything their own way!! This process is called "MATURITY"!!!!
I haven't heard anything about cutting congresses benefits only ours.How many of them make over $250,000 a year maybe there thinking of themselves.
We have a small and incapable man attempting to run the country. He owes so much to special interests that he can not do what is needed for the country.
He has not even been sworn in for the next four years and he is bringing the country to its knees. Unable to compromise, unable to have an original thought, unable to lead. In four more years the USA will be a third world country and asking for handouts from the Greeks.
50% of the voters selected the wrong direction and will effectively pull us all down with them. How many of these qualified voters could find their state on a map if it was not notated. Probably 5%.
But ask them who is on Dancing with the Stars or The Voice.
Stupid is as stupid does.
Just terrible we have to try and depend on our elected officials,they have not got a clue
If you're like me, you wonder where we went off the rails. Our founding fathers were merchants, college presidents, scientists, farmers, real estate speculators, and public officers. I firmly believe the vision for the public servants elected by our great nation was not one of career politicians. These people had their own jobs and responsibilities, and it was a great honor and sacrifice to serve your country as a legislator. It wasn't an entitlement and certainly wasn't the first choice of occupation.
Impose term limits, 6-8 years max, on everything. Service for 6 years constitutes a complete career in politics, no go back home to your business and get on with your life. Don't drag the country down with spending all of your time trying to get re-elected and sitting fat and happy.
Institute a Congressional salary that is commensurate with what the average American makes.
I think our forefathers would be appalled to see the system of government we have mutated into. Not evolved, because evolution infers advancement.
Lets get rid of all our so called "leaders", put the bankers in jail. Time to take back OUR COUNTRY!
the fiscal cliff voted into being by both parties is not the problem. Its another sidetrack. Scare everyone. Ovomit wants control over the debt ceiling and the dumbocrats more handouts and stimulus (which did not work, never has). the republicants want the rich left alone. Well the govt is spending 1.3 trillion over what it makes. Cuts need to be made. So scare people. cuts to medicare, cuts so ssi, Well, i found out how much money you can make on food stamps and welfare. $5,500 for three families of 3. Thats $14.01 an hour sitting watching tv. Minimum wage is $7.25 an hour. Where is the incentive to find a job. We have the rth generation of welfare recipients coming up. Now theres some cuts.
But it dont matter. after the troops come home, and the military starts cuts on defense spending, the depression is going to hit, its already started if you look around. about 2015. the last thing that pushed the US into the great D was taxing imports. Course we will have WWIII to get us out. if we survive. Good luck
Cutting entitlements will cost a politician votes. A politician is there for the power, they don't care
about you and will do anything to keep the votes coming. The Democrats are probably the worst
about overspending, however the Republicans have been preaching fiscal conservatism for
years, but when they get elected...it's just more spending and debt.
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 finished the Tuesday session near their lows with the Russell 2000 (-1.0%) leading the slide. The S&P 500 lost 0.5% with nine sectors ending in the red.
Equities indices started the day with modest gains and spent the first two hours of action in the neighborhood of their flat lines. Although the early trade lacked clear sector leadership, that could have been overlooked due to the strength among heavily-weighted sectors like health care (-0.3%), ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|