If U.S. Falls Off 'Fiscal Cliff', What Will Happen to the Economy?

[Meister]

In the long run it looks good at the end of the tunnel going over the cliff according to the CBO.

Click on the image

 

[Zander]

We need a recession. We need stop the insane spending.

And there you go.

Well at least you admit that you and your buddies are intentionally trying to sabotage the economy.

Good work.

Buddies? I speak for myself and no one else.

I want the government to stop the insane spending. They refuse to even "freeze" spending and instead propose a 55% increase. The "Cliff" was a mechanism agreed upon by both sides that forces the issue. We get tax increases for all, and major spending cuts- a balanced approach.

Yes, in the short term we will experience a little pain (like getting your teeth cleaned) or we can keep kicking the can down the road and experience a lot of pain (like having all of your teeth removed with a pair of pliers) .

 

[SniperFire]

In the long run it looks good at the end of the tunnel going over the cliff according to the CBO.

View attachment 23385 Click on the image

This is why the Tea Party patriots forced it to be done.

 

[Duped]

Yes. It seems that the Senate just ignores their Constitutional obligation to pass a budget (with Obama's blessing, of course) victimizing America with this closed-door 12th hour deathmatch crisis on an annual basis.

Did Obama not make opening offers on a compromise?

Was that my imagination?

Did Boehner not then turn around and try to stab him in the back?

And was it also my imagination when the jackasses in his own party wouldn't even accept that much?

And somehow it's the Senate and Obama's fault?

Do you really think that Americans are too blind to see what's happening in front of their own faces?

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

 

[SniperFire]

Yes. It seems that the Senate just ignores their Constitutional obligation to pass a budget (with Obama's blessing, of course) victimizing America with this closed-door 12th hour deathmatch crisis on an annual basis.

Did Obama not make opening offers on a compromise?

Was that my imagination?

Did Boehner not then turn around and try to stab him in the back?

And was it also my imagination when the jackasses in his own party wouldn't even accept that much?

And somehow it's the Senate and Obama's fault?

Do you really think that Americans are too blind to see what's happening in front of their own faces?

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

Hey, but Obama DID make an 'opening offer', you see!

 

[Vast LWC]

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

Oh NOES! They didn't "Make a budget"!

Did the nation not run for the last 3 years? Was there no funding provided for the country?
Was spending somehow done in secret, so no-one has any record of what was spent?

Enough with the talking points. Try actually governing, instead of conducting years and years of partisan bullshit.

And "meaningful spending cuts"? What drugs are you people on?

He offered several spending cuts, and expected the Republicans to make a counter offer.

That's called "negotiation". Perhaps you've heard of it?

But no, instead we have a bunch of spoiled little children taking their ball and going home because they don't know how to govern. But what would you expect?

 

[Vast LWC]

Hey, but Obama DID make an 'opening offer', you see!

Yes, he did.

And instead of actually negotiating, which is what congress is supposed to do, the Republicans decided to act like a bunch of children.

But you keep on fooling yourself...

You're not fooling anyone else.

 

[Plasmaball]

fema camps!

 

[SniperFire]

Hey, but Obama DID make an 'opening offer', you see!

Yes, he did.

And instead of actually negotiating, which is what congress is supposed to do, the Republicans decided to act like a bunch of children.

But you keep on fooling yourself...

You're not fooling anyone else.

Obama is the only one in this 'negotiation' who promised a veto at the onset, troll.

 

[SniperFire]

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

Oh NOES! They didn't "Make a budget"!

Did the nation not run for the last 3 years? Was there no funding provided for the country?
Was spending somehow done in secret, so no-one has any record of what was spent?

Enough with the talking points. Try actually governing, instead of conducting years and years of partisan bullshit.

And "meaningful spending cuts"? What drugs are you people on?

He offered several spending cuts, and expected the Republicans to make a counter offer.

That's called "negotiation". Perhaps you've heard of it?

But no, instead we have a bunch of spoiled little children taking their ball and going home because they don't know how to govern. But what would you expect?

You sneer at the Constitution.

That's OK. Obama wipes his ass with it.

 

[RoadVirus]

Standard & Poors should step in and downgrade the credit ratings for sure. That will help force the spending cuts. The cliff merely helps paint a clearer picture of where we truly are economically.

The first downgrade was suppose to encourage spending cuts. It didn't. What makes you think a second one will?

 

[ecinicola]

There are tons of things they could stop spending money on. for starters, they can stop sending money to other countries. The politicians could cut back on their salaries and they could cut back on unnecessary things they spend money on. They could stop bailing out everyone since all it has done is fail. We are going to lose alot of money in the next years if they keep spending and spending. and if the fiscal cliff goes down, we will be in a recession. It is going to hurt the economy bigtime. This country could start helping the citizens who are in need.

 

[Dick Tuck]

I'm expecting a big increase in inflation.

That's pretty stupid. Do you really think demand for goods will increase if taxes for the middle class goes up? Who taught you economics? Glenn Beck?

 

[RoadVirus]

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

And "meaningful spending cuts"? What drugs are you people on?

He offered several spending cuts, and expected the Republicans to make a counter offer.

That's called "negotiation". Perhaps you've heard of it?

But no, instead we have a bunch of spoiled little children taking their ball and going home because they don't know how to govern. But what would you expect?

Bullshit....Bullshit.....Bullshit...

Obama didn't offer any spending cuts besides Defense cuts. The Republicans were more then happy to say "Yes" to raising taxes on the $250K+ crowd, but Obama had to cut some of the fat from the Big 3 Entitlements. Obama didn't want to do that.

Then, a few weeks ago, Obama decided to come out with a new proposal, which included $50 Billion in "Stimulus" spending (what part of "spending cuts" doesn't this retard get?) and the power to raise the debt ceiling whenever he wants without Congressional approval.

 

[Dick Tuck]

Standard & Poors should step in and downgrade the credit ratings for sure. That will help force the spending cuts. The cliff merely helps paint a clearer picture of where we truly are economically.

The first downgrade was suppose to encourage spending cuts. It didn't. What makes you think a second one will?

Wrong Einstein. The first downgrade was due to the congress threatening to hold our debt ceiling hostage, which would have resulted in default.

 

[YoungRepublican]

What it actually means is that 88 percent of Americans taxes will be raised, a 2 percent rise in payroll taxes that would result in 160 million American wage earners seeing their tax bills increase by an average of $1,000. People earning more than $50,000 would face an increase in the tax rate on capital gains to 20 percent, from 15 percent. And the big boys will have their taxes raised from a 33 percent tax to a 35 percent tax. Dont try and make this sound simple and a problem only the poor and democrats will have to deal with. this isnt a problem for a specific group if a compromise isnt reached, its a problem for everyone.

 

[SniperFire]

The Senate ( Reid ) hasn't passed a budget in 3, years - who's fault is that ?
Obama won't make any meaningful spending cuts - who's fault ?
We have a spending problem - as lucid as it is, no liberal will state it! You do have quite the imagination!

And "meaningful spending cuts"? What drugs are you people on?

He offered several spending cuts, and expected the Republicans to make a counter offer.

That's called "negotiation". Perhaps you've heard of it?

But no, instead we have a bunch of spoiled little children taking their ball and going home because they don't know how to govern. But what would you expect?

Bullshit....Bullshit.....Bullshit...

Obama didn't offer any spending cuts besides Defense cuts. The Republicans were more then happy to say "Yes" to raising taxes on the $250K+ crowd, but Obama had to cut some of the fat from the Big 3 Entitlements. Obama didn't want to do that.

Then, a few weeks ago, Obama decided to come out with a new proposal, which included $50 Billion in "Stimulus" spending (what part of "spending cuts" doesn't this retard get?) and the power to raise the debt ceiling whenever he wants without Congressional approval.

And nobody ever really knows what Obama 'offers.' It is never in writing, and Obama himself is a proven serial liar when he comments on it.

The only thing the public hears is the bullshit spin leaked out thru their filters.

 

[SniperFire]

What it actually means is that 88 percent of Americans taxes will be raised, a 2 percent rise in payroll taxes that would result in 160 million American wage earners seeing their tax bills increase by an average of $1,000. People earning more than $50,000 would face an increase in the tax rate on capital gains to 20 percent, from 15 percent. And the big boys will have their taxes raised from a 33 percent tax to a 35 percent tax. Dont try and make this sound simple and a problem only the poor and democrats will have to deal with. this isnt a problem for a specific group if a compromise isnt reached, its a problem for everyone.

I doubt taxes get raised on anyone, but if so, millions of working class people who were lopped off the tax roles by the Bush tax cuts will now be returning.

They will get a taste of what it is like to fund Obama's freeloader Nation.

So it isn't all bad.

 

[YoungRepublican]

What it actually means is that 88 percent of Americans taxes will be raised, a 2 percent rise in payroll taxes that would result in 160 million American wage earners seeing their tax bills increase by an average of $1,000. People earning more than $50,000 would face an increase in the tax rate on capital gains to 20 percent, from 15 percent. And the big boys will have their taxes raised from a 33 percent tax to a 35 percent tax. Dont try and make this sound simple and a problem only the poor and democrats will have to deal with. this isnt a problem for a specific group if a compromise isnt reached, its a problem for everyone.

I doubt taxes get raised on anyone, but if so, millions of working class people who were lopped off the tax roles by the Bush tax cuts will now be returning.

They will get a taste of what it is like to fund Obama's freeloader Nation.

So it isn't all bad.

There is no doubt taxes will be raised, and they will be raised on the people who have done everything this country has asked of them and more. Most people make over 50k a year and a 5 percent increase in their cap gains tax is going to hurt. Also, the folks who are actually making this economy go round will experience a 2 percent increase in their income tax.. and 2 percent on 200 k a year is really going to suck

 

[SniperFire]

What it actually means is that 88 percent of Americans taxes will be raised, a 2 percent rise in payroll taxes that would result in 160 million American wage earners seeing their tax bills increase by an average of $1,000. People earning more than $50,000 would face an increase in the tax rate on capital gains to 20 percent, from 15 percent. And the big boys will have their taxes raised from a 33 percent tax to a 35 percent tax. Dont try and make this sound simple and a problem only the poor and democrats will have to deal with. this isnt a problem for a specific group if a compromise isnt reached, its a problem for everyone.

I doubt taxes get raised on anyone, but if so, millions of working class people who were lopped off the tax roles by the Bush tax cuts will now be returning.

They will get a taste of what it is like to fund Obama's freeloader Nation.

So it isn't all bad.

There is no doubt taxes will be raised, and they will be raised on the people who have done everything this country has asked of them and more. Most people make over 50k a year and a 5 percent increase in their cap gains tax is going to hurt. Also, the folks who are actually making this economy go round will experience a 2 percent increase in their income tax.. and 2 percent on 200 k a year is really going to suck

Nah. I bet the Bush tax cuts get extended to everyone as part of the debt ceiling deal.

It is the #1 thing the Tea Party swing vote wants, and Obama must have the debt ceiling increase. Now, the sequester will probably happen.