Posted on 12/07/2012 9:52:29 AM PST by entropy12
The Fiscal Cliff is just a slope, not a cliff!
I actually like the so called Fiscal Cliff (FC). It is the only way we will get some real cuts in spending. There is no other way the politicians will vote for serious spending cuts.
I hate the military cuts, but we are bankrupt country by any measure. It is foolish to maintain 800 military bases in foreign lands on money borrowed from China. It is more stupid to protect oil lanes to China in the middle-east with money borrowed from China. Lose-Lose for us, win-win for China. We need to wake up otherwise we will be Greece in 3-5 years and China will own our companies, buildings, golf courses, and many other business assets.
I would rather take the long tough road of austerity and a long term recovery for younger generations. Going bankrupt will be far worse. Borrowing 41 cents out of every dollar spent is the real fiscal cliff.
On subject of rich people, they got rich by creating products and services people need and buy. When Bill Gates invented Windows operating system and became world’s richest person, he did not steal money from my pocket or yours. His products increased productivity and created million times more wealth that his personal wealth.
This is the point leftists and socialists do not get, and our politicians do a poor job of explaining to the unwashed masses. Wealth is not a fixed pot to be distributed. Wealth must be created year after year so more can share. It is as dynamic as anything gets.
It is just a “bump in the road”, we’ve already hit the iceberg.
There’s simply no other way to cut spending. None. Our political class is pathetically shrt sighted and self interested. They don’t care about the long term implications of their actions on the country...even when long term is 2-3 years away!
You bet, and due to insider government/banking corruption and reckless policies, we’ve been tumbling down the fiscal slop for decades.
I don’t disagree with you, entropy. I believe the overall hit to my paycheck will be negligible, as my family does not live paycheck-to-paycheck. Those who will be hurt most are those living on minimum wage and fixed incomes. If you have a job, count yourself among the lucky.
Why worry about military cuts when you have over 100 million Americans with firearms? Why worry about military cuts when you have a well-regulated citizenry capable of repelling any foreign invasion by numbers alone? Want to know the quickest, cheapest way to ensure good defenses in America? Dismantle the 1934 NFA! Make it legal for law abiding Americans to own the same weaponry available to the military. Leave the NICS check system in place, but remove the barriers, both legal and financial, and watch as AR15s and suppressors fly off of the shelves. Open military bases to civilian classes for demolition and munition handling. Allow the citizens to be as well armed as the military, and you won’t have to worry so much about the military except to secure our waters and our skies.
Pie in the sky, I know. It feels good to vent though. Personally, I hope the fiscal cliff comes and goes so we can see how, like the end of the Mayan calendar in 2 weeks, it’s just another day.
dragnet2~:” You bet, and due to insider government/banking corruption and reckless policies, we’ve been tumbling down the fiscal slop for decades.”
Where did QE 1 go - to the banks
Where did QE 2 go - to the banks
Then the FED paid the banks to take the money , and even offered them interest above market value.
What did the banks do - they sat on it , or invested in ‘derivitives’ , whereby they leveraged that money, sometimes as much as 40 -70 times their value.
The banks gambled (derivitives) with tax money given them by the government.
Meanwhile , the Great Imposter verbally railled against the banks .
But you know where he looked for reelection money - from the very banks who got the money !
Don’t look behind the curtain ! There is nothing to see there !
Bullpuppies !!
Yep. Decades and decades of Grand Bargains by hacks on both sides,
past and present, have brought this country to the brink.
It’s a cliff for government because we might find out what liars they are.
tennmountainman~:” Yep. Decades and decades of Grand Bargains by hacks on both sides,
past and present, have brought this country to the brink.”
Anytime you have a sitting President who can’t even get votes from his own party for his proposed budget -you have a problem.
The Great Imposter hasn’t submitted a budget in 4 years that got even one vote from his own party !!
And then ,..we wonder why were are concerned about fiscal problems ?
You have to be kidding !!
The problem starts with the Great Imposter , then both elected parties forget why they were elected and swore an oath to protect the country .
Yet they follow the leadership (?) and vote for more ‘bacon’ .
The fiscal cliff is invented by those in power to get the weaker ‘in line’; it is political theatre !
There is no accountability or responsibility by either party .
Most people have taxes withheld all year ... not just a big payout on 4/15. Higher taxes will be withheld starting 1/1/13.
SnakeDoc
Fear not, the votes Obama needs will be supplied by Speaker Bonehead,
leader of the DC Party.
tennmountainman~:” Fear not, the votes Obama needs will be supplied by Speaker Bonehead,
leader of the DC Party.”
The party must include beer , cigars , and golf ( and maybe a bathhouse visit)
The party must include beer , cigars , and golf ( and maybe a bathhouse visit)
But this is how Washington thinks in the inner beltway .
Everyone else , outside the beltway are just peons and serfs.
We need new leadership , or rather , ANY leadership !
I find it difficult to believe that there are so few thinking representatives in Washington who don’t think of the results of their decisions on the rest of the country.
The founding fathers put up their fortune to start up the country.
The indolent leadership we now have just concern themselves with more power , more influence , and getting reelected.
“Most people have taxes withheld all year ... not just a big payout on 4/15. Higher taxes will be withheld starting 1/1/13.”
Correct, so that is exactly what has to happen when government currently borrows 41 cents to spend every dollar. Somebody has to pay for it. It is always the working folks, not the takers.
I hope you are not saying we could keep spending and no one has to pay for it.
Like I said in my OP, what is the last time you saw politicians cut spending seriously? The sequester law already on the books has serious cuts written in. It is like taking bitter medicine. That is what can cure a sick patient.
And to answer your main point, since taxes are held ALL YEAR, it is not a “cliff”. It is a slope.
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