The "Fiscal Cliff" Is a Hoax ... and a Mel Brooks Routine

Discussion in 'Politics' started by Flopper, Dec 25, 2012.

  1. Flopper
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    Flopper Gold Member

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    They're dashing through the corridors of power in Washington with appropriately grim expressions this week. Congressional leaders are talking about the upcoming 'fiscal cliff,' which journalists are dutifully describing as a "looming crisis."

    In fact, if you do a Google News search for articles containing the words "fiscal cliff" and "looming" you'll get 72,000 hits (as of Wednesday evening). We know because we tried it.

    72,000 hits.

    But nothing's "looming." Nothing. There's just some language in a law Congress passed last year. If they don't want it to happen they can un-pass that law. It's a simple as that.

    And do you want to know something? They don't want it to happen.

    Nobody Move

    This phony crisis is a lot like this scene in Mel Brooks' Blazing Saddles, where Cleavon Little as The Sheriff pretends to take himself hostage to escape an angry crowd. You may remember the gag line, which included a word we won't use: "Nobody move or the $^((*&^(* gets it."

    Brooks crafts his throwaway lines pretty carefully, too. Look for the earnest man who says "I think he means it," or the woman in the crowd who says "Won't somebody help that poor man?"

    Here's how the "fiscal cliff" scam's being played: Congressional Republicans are holding the guns to their own heads. Democrats are the town leaders, dutifully laying their weapons down.

    And the American media are the gullible townsfolk, carefully writing in their notebooks about the "looming" threat to their sheriff.

    Richard (RJ) Eskow: The "Fiscal Cliff" Is a Hoax ... and a Mel Brooks Routine
     
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  2. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Indeed.

    And it’s true Congress wants to go ‘over’ the ‘cliff,’ particularly the TPM, who will be let off the tax hike hook.
     
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  3. blackhawk
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    blackhawk Gold Member

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    If no deal is reached everyone will see the results in just over a week then we will know if it was a hoax or not no more opinion, speculation, or guessing.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Obama comin' back, ready to take names an' kick butt...
    :eusa_shifty:
    Obama to Return to Washington Wednesday as Fiscal Cliff Looms
    December 25, 2012 - U.S. President Barack Obama is expected to return to Washington late Wednesday to resume consultations with Republican House Speaker John Boehner and other congressional leaders on a scaled back deficit reduction package before the year ends.
     
  5. Flopper
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    Flopper Gold Member

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    Not everyone. Payroll taxes will go up, however for many the real bite will not come till they file their 2013 taxes. I have no doubt that sometime in 2013, Congress will do something. It will surely be some tax increases and some spending cuts.

    If congress makes no headway in the first few month of 2013, Wall Street and business will react in anticipation of a recession which will put pressure on congress to approve a new round of tax cuts, and spending increase pushing the deficit even higher than expected.

    The smart thing to do is for congress to move and move quickly but when has congress ever done the smart thing? No wonder Americans have had a higher opinion of Gaddafi than Congress.
     
    Last edited: Dec 26, 2012
  6. Truthmatters
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    Truthmatters BANNED

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    in a couple of weeks the congress will contain more dems and fewer Rs.

    then maybe we can get things done again.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Call it Washington’s version of "Mission Impossible"...
    :eusa_eh:
    US Could Step Off 'Fiscal Cliff' in Days
    December 26, 2012 WASHINGTON — Less than a week remains before a still-recovering U.S. economy confronts a draconian austerity regime of automatic, across-the-board tax increases and deep cuts to federal spending. Hopes of averting the so-called “fiscal cliff” by January 1 are dimming with each passing day.
     
  8. Flopper
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    Flopper Gold Member

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    Tea Party members in the House have vowed to stand firm and not give in to demands of Democrats. This has evoked a similar although less organized response from Democrats. Negotiations that would lead to anything other than window dressing and passing the buck have become impossible at this time.

    I think congress will eventually settle the issue, but only after there is sufficient pressure of a new recession. The most likely outcome would be legislation that will remove the deadline for spending cuts, increase taxes a bit, and make a few spending cuts. However, if congress remains deadlocked, then the country will surely move into another recession, bringing on massive new spending and tax incentives that will result in even greater deficits than we now face.
     
  9. Staidhup
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    Staidhup Gold Member Supporting Member

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    Negotiation is not defined by one party capitulating to the wishes and desires of another by fiat. One party will need to cut real spending and the other to increase taxes across the board and adopt means testing. The bottom line, during this extensive period of economic contraction expect a decrease in the standard of living.
    Holiday spending is the lowest since 2008, GDP growth is anemic at best, unemployment remains high, so what new recession are you speaking of, I can't recall ever recovering from the last one.
     
    Last edited: Dec 27, 2012
  10. jwoodie
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    jwoodie Gold Member Supporting Member

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    Let's see: We need a deal RIGHT NOW to increase taxes and cut spending, because if we don't...

    ...we will have automatic tax increases and spending cuts. Horror of horrors!
     

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