Fiscal Cliff ... Here it comes!

Newch91

And off we go...

EdsonNascimento

Newch91 wrote:

And off we go...

I hope the tax agreement is voted down if there's no significant real spending cuts. They won't effect me, but they're are just pr so a few can say they kept their promise. When will we have real change? Stop kicking the can down the road.

Newch91

EdsonNascimento wrote:

Newch91 wrote:

And off we go...

I hope the tax agreement is voted down if there's no significant real spending cuts. They won't effect me, but they're are just pr so a few can say they kept their promise. When will we have real change? Stop kicking the can down the road.

The House left. No vote is going to happen.

hedonist

Newch91 wrote:

And off we go...

...into the wild blue yonder!

I wonder what it will bring.

Well, I can worry about so much at one time.

So in this moment, I'm gonna go with Tom Petty - "we're alright for now".

SPEEDY MCCREADY

Well Middle America you just got it shoved up your ass!
You will each be paying about $1000.00-$2000.00 more a year in taxes.

Great!
Just Fucking Great!

Your weekly paychecks are going to look a little different. As in smaller!

gimmesometruth27

the house of representatives is the biggest fucking farce in american government. honestly, every representative is a piece of shit. it would be nice if the american people would remember what just happened when they enter the ballot box in november 2014, but we all know what is gonna happen.... people are gonna bitch and moan about the house as an entity but will still support, give money to, and vote for their own individual incumbant representative....nothing ever changes....

SPEEDY MCCREADY

gimmesometruth27 wrote:

the house of representatives is the biggest fucking farce in american government. honestly, every representative is a piece of shit. it would be nice if the american people would remember what just happened when they enter the ballot box in november 2014, but we all know what is gonna happen.... people are gonna bitch and moan about the house as an entity but will still support, give money to, and vote for their own individual incumbant representative....nothing ever changes....

They did not address the payroll tax increase, whatsoever. Right?
The payroll tax will go from 4.2% to 6.2%
Thats the way I read it.
I havent been able to find anything on the mortgage claim, as far as claiming interest paid.
Though they extended the child claim, looks like people will be able to still claim $1000 per child.
Also looks like they extended tuition.

know1

o me, it's not about how it affects me personally as much as it is our government's inability to EVER lower its own budget and cut spending. I want to see it make meaningful cuts on its own before ANY new taxes on anyone are even mildly acceptable.

SPEEDY MCCREADY

know1 wrote:

o me, it's not about how it affects me personally as much as it is our government's inability to EVER lower its own budget and cut spending. I want to see it make meaningful cuts on its own before ANY new taxes on anyone are even mildly acceptable.

Mr. Average American making $50,000 a year, will see $20 a week less in his paycheck. $80 a month less. If Mr. Average American is married, and his wife makes the same $50,000 a year, then she too will see $80 less a month. At least that is how I am reading this, feel free to correct me if I am wrong. $160 less a month, is a BIG kick in the ass to Mr. and Mrs. Average American.

Newch91

Is the House reconvening today and taking this up for a vote or are they just going to wait for the new Congress to vote on this deal on January 3rd?

youngster

They struck a deal last night.

http://www.washingtonpost.com/business/ ... comboPNE_p

Now maybe someone who is more informed than I can break it down for me. Is this going to help or hurt the American people and the economy?

mickeyrat

youngster wrote:

They struck a deal last night.

http://www.washingtonpost.com/business/ ... comboPNE_p

Now maybe someone who is more informed than I can break it down for me. Is this going to help or hurt the American people and the economy?

just the senate did. Which means nothing without a passage in the house. SO for now , its a moot point.

JC29856

youngster wrote:

They struck a deal last night.

http://www.washingtonpost.com/business/ ... comboPNE_p

Now maybe someone who is more informed than I can break it down for me. Is this going to help or hurt the American people and the economy?

GET OUT!! NO WAY!!
well of course its going to help, nothing is worse then going over the "cliff"
given that it passed by overwhelming majority, it will easily pass the house...but what do i know

JC29856

SPEEDY MCCREADY wrote:

Well Middle America you just got it shoved up your ass!
You will each be paying about $1000.00-$2000.00 more a year in taxes.

Great!
Just Fucking Great!

Your weekly paychecks are going to look a little different. As in smaller!

i say whats the difference whether my yearly $1000-$2000 goes to out of pocket health care costs, transportation costs, food or higher taxes...at least my tax dollars help the fight against "terrorism". i can rest easier at night knowing that a sleeper terror cell isnt going to break into my house at night slit my throat, rape by wife, hang my dogs and eat my child because of the "freedoms" i enjoy.

kenny olav

All over? Well it's been fun watching my government barely fulfill one of it's most basic duties.

But wait... Reports say this won't be last fiscal cliff we face!



Seriously, this could become a trend. Awesome!

EdsonNascimento

What a disgrace. Tax increases AND spending increases. Bravo, you spineless bastards.

Of course, it will be popular b/c most folks THINK it doesn't IMMEDIATELY impact them. But, it will and 4 Trillion (which is probably low end as the CBO tends to underestimate this stuff b/c it doesn't take into account down stream impacts) in more deficit is nothing to cheer about. Obama's 8 year debt will dwarf the entirety of the debt that preceded him. I'm just glad Biden is positioning himself as the next Democratic nominee. :roll:

Kick the can.

kenny olav

It's interesting to read opinions of those who think this was a terrible deal. I think the deal was fine and about what could be expected... it's just ridiculous that it took so long for it to be voted on. I predict the market will respond well to it today, and that 2013 will be a better year than 2012 for the overall economy.

EdsonNascimento

kenny olav wrote:

It's interesting to read opinions of those who think this was a terrible deal. I think the deal was fine and about what could be expected... it's just ridiculous that it took so long for it to be voted on. I predict the market will respond well to it today, and that 2013 will be a better year than 2012 for the overall economy.

We are under CRUSHING debt. Any positive impact on the economy will be short lived. Printing money is never a good policy.

JC29856

the us debt, the us deficit, the debt ceiling has never effected a public or private business decision, never. if someone has an example please provide it.

example: the owner of a grocery store decided not to open another store in the next town because he/she thought the us deficit was too high
a contractor thought is was a good idea to purchase a plot of land and build 12 condos on it because the us debt is skyrocketing

has the us debt, deficit or ceiling ever effected a personal decision? how so?
i will wait to sell and buy my next home until the us deficit improves

EdsonNascimento

JC29856 wrote:

the us debt, the us deficit, the debt ceiling has never effected a public or private business decision, never. if someone has an example please provide it.

example: the owner of a grocery store decided not to open another store in the next town because he/she thought the us deficit was too high
a contractor thought is was a good idea to purchase a plot of land and build 12 condos on it because the us debt is skyrocketing

has the us debt, deficit or ceiling ever effected a personal decision? how so?
i will wait to sell and buy my next home until the us deficit improves

It doesn't directly effect anything. But, thank you for showing why we keep voting the same people in to do the same stupid stuff.

Do you think the Gov't can keep borrowing and printing money unabated and have no effect on the economy? I'll simplify it for you to a very basic economic concept:

If there are more dollar bills floating around is each individual one worth more or less than it was previously?