Fiscal cliff and Debt ceiling explained

[Luddly Neddite]

Yes, rw's - its from HuffPo and YES! its Bill Maher. Both mean that you cannot read this even though its FACTUAL. And, really, you should read it because I've noticed that you just don't understand what either of these things are and what the basic differences are.

Bill Maher Explains The Fiscal Cliff, Calls For Carbon Tax

I think most people have "the fiscal cliff" confused with the debt ceiling crisis. Really, they're opposites. Not raising the debt ceiling means not paying our debts. Going off the fiscal cliff means paying off our debt by raising taxes and cutting government spending. Well-advertised is the CBO saying going off the cliff could lead to a recession next year. Less advertised is that it also says it could get us into a more sound fiscal position in the long-term.

For those who are not terrified of FACTS and HUMOR, here's the link to the rest of it -

HBO - Real Time with Bill Maher Blog

rw's just leave the obligatory childish insult and move on so the grownups can yuk it up at your expense.

 

[SniperFire]

HuffPo and Bill Maher?

LOL

 

[Luddly Neddite]

And exactly what did he say that is untrue about either issue?

Yeah, that's what I thought.

Brainless twit - why don't you EDUCATE yourself.

 

[DiamondDave]

And exactly what did he say that is untrue about either issue?

Yeah, that's what I thought.

Brainless twit - why don't you EDUCATE yourself.

Then since source does not matter.... I guess you will then accept this as fact on the issue

The Fiscal Cliff and the Perils of Grand Budget Deals

Go kill yourself, troll.. the world will be a better place without you

 

[CrusaderFrank]

Step 1. Give Obama his tax increases

Step 2. Watch economy crater

Step 3. Laugh when Dems blame Booooosh and Republicans

 

[CrusaderFrank]

WTF is a "Carbon Tax"?

Progs are total fucking morons