Fiscal Cliff question.

Discussion in 'Politics' started by Skull Pilot, Nov 28, 2012.

  1. Skull Pilot
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    Skull Pilot Platinum Member

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    All of you people out there who say that going over the so called fiscal cliff will result in higher unemployment answer this question for me please.

    If you believe that cutting taxes does not decrease unemployment then why would raising taxes increase it?

    Just wondering.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Addin' to the debt to reduce the debt???...
    :eusa_eh:
    Why Obama is pushing for stimulus in 'fiscal cliff' deal
    30 Nov.`12 - President Obama's opening offer in 'fiscal cliff' talks includes $255 billion in stimulus spending – tax cuts, incentives, and more. It could be a bargaining ploy or a bid to offset rising taxes on the rich.
    See also:

    Cliff fight may knock out December rally
    - In normal times, next week's slew of U.S. economic data could be a springboard for a December rally in the stock market.
     
  3. kyzr
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    kyzr Gold Member

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    IMHO we will in-fact go over the fiscal cliff, and it will be a very good thing...long term. It will be the best deal that both sides could get. It will balance the revenue increase to the Clinton era tax rates, with the spending cuts to defense and entitlements that must be made to save SS & Medicare.

    The fiscal cliff is just a whiny scare tactic by the wealthy that they tried to use in 1993. Its the right medicine for long term fiscal health. Now we just need them to work out the details.

    hint: we don't need to keep as many bases in europe, or for that matter around the world. Just imagine spending that money here in the US.
     
  4. occupied
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    occupied Gold Member

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    There's more to the fiscal cliff than just tax hikes, the spending cuts will certainly throw a lot of government employees and contractors out of work so it will contribute to unemployment. But the tax hikes themselves do not contribute since the rich do not directly create jobs anyway.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says Santa oughta leave the whole Washin'ton kit n' kaboodle nothin' but coal in dey's stockin's...
    :mad:
    Obama warns of 'Scrooge Christmas' without fiscal deal
    30 November 2012 - The White House has said it will not accept a deal that extends a tax break for the wealthy

     
  6. saveliberty
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    saveliberty Diamond Member

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    I don't think employment will drop from the fiscal cliff at all. In fact, business is waiting for some sanity in government spending. Too bad those government employees will have to find a private job with less pay and benefits. But they are so much smarter than us, it should be no problem.
     
  7. blackhawk
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    blackhawk Gold Member

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    It would seem to me if people running businesses are paying more in taxes they would have less money for expansion and hiring and they might have to start letting people go which if it happens would increase unemployment.
     
  8. tyroneweaver
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    tyroneweaver Gold Member

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    Does anyone remember who speaker of the house was during the great depression.
    Does anyone remember who the presidents of the United States were.

    Balls in your court barry
     
  9. Quantum Windbag
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    Quantum Windbag Gold Member

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    Because it just works that way.

    :razz:
     
  10. Quantum Windbag
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    Quantum Windbag Gold Member

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    Tough.
     

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