Frustration boils over as fiscal cliff approaches
Americans watch in disappointment as Congress appears to let any chance of a last-minute deal slip away. 'They've got to settle this,' 1 person says.
Do you know anyone who's pleased by the fiscal cliff negotiations?
Nero may have fiddled while Rome burned, but over the weekend many Americans said they felt burned by Congress as lawmakers fiddled with their economic future.
"You remember how when you were in kindergarten if you were bad the teacher would put you in time out?" Conroe, Texas, resident Traci Medinas told the Conroe Courier. "That's what needs to happen to everyone up there. I don't want any of my taxes to go up because they're all too busy trying to look good."
After House Speaker John Boehner was unable to rally support from fellow Republicans for a fiscal cliff fix, the focus shifted Sunday to the U.S. Senate. But both sides appeared far apart there, even with the clock counting down the hours until the start of 2013, when about $600 billion in tax hikes and government spending cuts kick in.
"Everybody is going through so much right now," Margaret Roberts said in an interview with WJZ Baltimore. "So many people out of work. They've got to settle this."
In Kalamazoo on Sunday morning, Caitlin O'Rourke and John Curran stood outside Michigan Congressman Fred Upton's office. The two are part of The Action, a group that wants Congress to "stop the political theater and pass the Bush tax cuts for the middle class."
"I'm disappointed Congress can't get a deal done for the American people," Curran told the MLive website. That's what we send them there to do." O'Rourke added that he worried the middle class wouldn't be able to absorb the tax increase.
"Maybe this is a sign we need to step up and talk to our representatives because they are in 'La la land,'" Portsmouth, Va., resident Courtney Felton said.
"They can't make a decision on something that's going to happen at the first of the year so do you think most of them can make a decision on what's going to happen five years down the road?” another Portsmouth voter, Bernard Brooks, told WAVY-TV. "Do most of them care? Do they not think they are going to be in office that long?"
"My concern is that they don't have a concern of their own about how their lack of action is going to affect the rest of the country," Richard Mobayed of Huntington, W.Va., said in an interview with the local Herald-Dispatch. "It seems like they are staying so rigidly by their party lines that they aren't taking the people of the U.S. into account over their parties' interests."
In South Dakota, Ron Cunningham believes there’s only one certain result to the fiscal cliff fiasco.
"I think regardless of whether it gets resolved or not, taxes are going to be increased, even though people don't want them to,” he told KSFY in Sioux Falls. It's just going to make people who are struggling, who are working minimum wage, it's just going to make it harder to get by."
More on Money Now
We went through the "two Country thing" about 150 years ago....Pushed into and started by one of our WORST Presidents ever in my opinion....He really didn't have any ballz literally...
It was one of the Worst Wars in the History of the World, because of lasting implications...
And still today you can see relating factors to it...Think Red&Blue..
And someone like you is talking this bullshidt...
Think Syria or Egypt, Libya; BUT 4 times bigger and worst destruction...
Sorry if I sound angry...but I AM angry. I don't understand why MORE people aren't angry at these frackin' idiots!
What the hell are you talking about..."You would RATHER SEE TWO COUNTRIES"....??
You are not FANNING THE FLAMES....But just suppyling the fuel..Christ are you fked up...!!
The whole political system is completely broken and corrupt! If we were to get rid of all incumbents the only people that will be allowed to run to fill their seats will be the people handpicked by the heads of each political party. Then we will have the same old log jams as we have now. If there were truly independents looking to run they would be forced to sell out to those with money or would never have enough money to fund a winning campaign. It’s a lost cause until they have honest reform. (from the people that benefit most from the system we have now?) Think about it!
I think many of the Rich/Elite have already moved more money and investments off-shore...
Hell, write or Text Willard Romney...
And that is nothing compared to what Large Corporations are holding in Foreign Bank Accounts..
It's in the 100s of Billions......Yes with a "B".
Someone...DP1...Don't really care how you spell lose,loose or lost...
You are correct, chances are you will lose more in business; At a monetary COST of higher then paying more in taxes...
And a GOOD CHANCE, we might stumble backwards into another Recession...IMO
It's not just about a "fiscal cliff", we have the possibilties of defaults and downgrades also...
And it would effect the World, I doubt it would be as devastating as 2007-2009 but, it would/could be a major setback..IMO.
I've always wondered where the break-off points are for 1%,2% and 5%'ers ???
Anyone care to enlighten me ??
Load them all up in buses / drive them over a cliff. Get new Congressmen.
Someone (you and I) elected these people that cannot seem to solve issues in a timely and cost effective manner. It is time to look at changes in our present form of government and the way our elected officials function.
Term limits for all elected officials would be an excellent place to start. Public access to more information would also help to clear the smokescreen that surround the inner workings of our government.
"Government for and by the people" is a dream and is best experienced while sleeping.
Think voting out incumbents who are extreme, left or right.
Think....for heaven's sake, think.
Go over the cliff, make evryone pay the price. The rich will hide their money better, take it out of the economy. If you think they will hurt more, your'e crazy.
Businesses will close, money will leave our country. Jobs will go overseas.
Those on welfare-tattoo prices will go up, 24" wheels will be more expensive, and pajamas and bedroom slippers will go up in price.
Copyright © 2013 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.
Reports say the generous benefactor behind the huge gratuities is a former PayPal executive.
- Chinese investors are buying up Detroit
- Mega Millions jackpot hits $344 million
- 5 reasons to think twice about a balance transfer card
- Will I have to pay taxes because of a foreclosed home?
- 5 things that won't affect your credit scores
- The 7 deadly sins of winter driving
- 8 questions to ask before Mom and Dad move in
- High deductibles fuel new worries of Obamacare sticker shock
- How to use your credit card to donate to charity
[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
More Market News
John Stumpf acknowledges that growth has been slow, but he says he's still optimistic.