The Fiscal Cliff is Exactly What We Need

Discussion in 'Politics' started by jwoodie, Dec 29, 2012.

  1. jwoodie
    Offline

    jwoodie Gold Member Supporting Member

    Joined:
    Aug 15, 2012
    Messages:
    8,756
    Thanks Received:
    1,287
    Trophy Points:
    245
    Ratings:
    +3,904
    Once we cut through the campaign rhetoric, what we are left with is the paradox of a voting public which wants to maintain government benefits but want someone else (the "rich") to pay for them. Sorry, but the math just doesn't work out. Reality has to be embraced in the near future, and the sooner the better.

    That reality is that benefits are going to have to be cut and taxes raised on everybody just to keep our heads above water. Isn't that what the Fiscal Cliff was designed to do? The idea of sparing the middle class from any tax increases is financially ludicrous. Even with complete elimination of all of the Bush tax cuts and the automatic spending cuts, we will still be digging ourselves deeper and deeper into debt.

    In addition to these modest Fiscal Cliff provisions, we need to restore the SS tax cuts, eliminate the SS earnings cap and suspend all cost-of-living adjustments to government programs. Yes, the economy will take a hit in the short run, but fiscal reform and tax certainty would provide a huge boost to business investment and hiring in the long run.

    This may be our last chance to prevent a permanent decline in the American standard of living.
     
    • Thank You! Thank You! x 1
  2. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,758
    Thanks Received:
    12,761
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,700
    I'm inclined to agree. The continuation of the Bush tax rates combined with the payroll tax cut and other temporary credits have shielded many Americans from the true costs of Big Government. Maybe when they actually have to pay for it, they'll realize what a galactic Obamanation it is.
     
    • Thank You! Thank You! x 1
  3. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    The problem with the fiscal cliff is, it does nothing about entitlement reform. We're still left with unsustainable programs and an economy that is going nowhere. That's the problem in Europe, they raised taxes but haven't really addressed their spending issues. And that is a recipe for economic recessions.
     
  4. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,758
    Thanks Received:
    12,761
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,700
    Just don't raise the debt ceiling.
     
  5. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,776
    Thanks Received:
    1,788
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,858
    Granny says dey gonna kick the can down the road...
    :eusa_eh:
    Significant progress made in fiscal cliff discussions, sources say
    Mon December 31, 2012 - Senate Democrats could balk at the plan, Sen. Tom Harkin warns; Negotiators are closer to a deal on the fiscal cliff, sources say; The potential deal calls for income and estate tax increases, sources say; The fiscal cliff triggers broad tax increases and an automatic $110 billion in spending cuts
    See also:

    Deal reached to avoid spike in milk prices
    WASHINGTON -- December 30, 2012

     
    Last edited: Dec 31, 2012
  6. BreezeWood
    Offline

    BreezeWood VIP Member Supporting Member

    Joined:
    Oct 26, 2011
    Messages:
    4,667
    Thanks Received:
    293
    Trophy Points:
    85
    Ratings:
    +474
    the fiscals cliff is the best solution and would not necessarily interrupt the economy.
     
  7. francoHFW
    Offline

    francoHFW Platinum Member

    Joined:
    Sep 5, 2011
    Messages:
    33,367
    Thanks Received:
    2,172
    Trophy Points:
    1,115
    Location:
    NY 26th FINALLY DEM!
    Ratings:
    +5,573
    One thing will end this mess, a recovery, which Debt cultists and pander to the bloated rich Pubs have stalled for months with self inflicted wounds like idiotic debt ceiling fights and refusal of jobs bills we've had forever.

    BTW, I don't think Obama is going to be a one termer so you can cut the "no compromise, un-American Tea Party GOP" (TIME) crappe.
     
  8. nodoginnafight
    Offline

    nodoginnafight No Party Affiliation

    Joined:
    Dec 15, 2008
    Messages:
    11,755
    Thanks Received:
    1,069
    Trophy Points:
    175
    Location:
    Georgia
    Ratings:
    +1,497
    IMHO - The fiscal cliff is not "the best" solution. I don't think it's the worst ... but it's no where near the best.
     
  9. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,758
    Thanks Received:
    12,761
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,700
    Considering that government spending has a negative multiplier effect on the country, the fiscal cliff combined with no increase in the debt ceiling, is our best option forward. There will be some short term pain, but far less than what will happen when the debt avalanche crashes down in the future.
     
  10. MostJadedGamer
    Offline

    MostJadedGamer Rookie

    Joined:
    Oct 12, 2012
    Messages:
    26
    Thanks Received:
    4
    Trophy Points:
    1
    Ratings:
    +4
    Deal reached to avoid spike in milk prices

    Thats the only deal that really mattered. All the rest is just fluff
     

Share This Page