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Lawmakers: We're Likely to Go Over the 'Fiscal Cliff'
Reuters ^ | 12/23/12 | Philip and Karen Smith

Posted on 12/23/2012 5:42:55 PM PST by Typical_Whitey

Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack Obama's goal.

"It's the first time that I feel it's more likely that we will go over the cliff than not," Senator Joe Lieberman, an independent from Connecticut, said on CNN's "State of the Union."

"If we allow that to happen it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history," Lieberman added.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 112th; fiscalcliff; obamadebt
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To: Obama_Is_Sabotaging_America
America has proven to be highly resilient in the face of 0’s wrecking ball.

Are you sure about this? The American people seem a confused and "low-information" lot to me.

41 posted on 12/23/2012 9:52:09 PM PST by Theodore R. ("Hey, the American people must all be crazy out there!")
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To: Crucial

The “low-information” American people may not know who Boehner and McConnell are now, but they will be blaming them next year. Boehner and McC are truly clueless: they are careerists first but could do the right thing, were they so inclined, and then just retire in the wake of adverse voter anger.


42 posted on 12/23/2012 9:55:52 PM PST by Theodore R. ("Hey, the American people must all be crazy out there!")
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To: Obama_Is_Sabotaging_America
Here is the leaked draft of the text of Obama's inauguration speech.
43 posted on 12/23/2012 9:58:51 PM PST by Flick Lives (We're going to be just like the old Soviet Union, but with free cell phones!)
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To: Typical_Whitey

“If we allow that to happen it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history,” Lieberman added.


Where does Lieberman get the foolish notion that congress has any say in this? The Dear Leader does everything by executive fiat. He don’t need no steenkin congress.


44 posted on 12/23/2012 10:00:47 PM PST by chessplayer
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To: Theodore R.

Businesses not ‘the masses’.


45 posted on 12/23/2012 10:02:06 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: CdMGuy
"Then Bush Light puts us in Afghanistan supposedly to get Bin Laden."

Actually, I supported us going into Afganiscrap after 9/11/2001. The Taliban were enabling al-Queda. It's a fact. Our troops and operatives have pretty much devastated their abilities. However, Afganiscrap will never become a free enterprising nation because of their tribal conflicts. We will continue to lose young Americans if we stay there.

Although I and much of the World bought into the threat of WMD under Saddam Hussein and waged war on Iraq, that was a waste of our childrens' lives and limbs, also.

Now we have Libya, Egypt, Syria, Jordan, all the rest of the so-called "Arab Spring" to deal with. Muslims know nothing more than to kill all who are not Muslims, and if they can't, they kill each other. They hate the Western world, and just plain hate. It's like if Catholics were to war on Protestants. Uh, right, they have. I hate religions!

However, I will give the various Christian and Jewish denominations a pass nowadays since they eventually learned to live with each other under the umbrella of "liberty". Most (my belief) Muslims can't comprehend freedom nor opportunity. They are about their crappy religion/cult and are taught that sh*t from childhood (proven). I can't understand why Europe and now the USA accepts those cultists into Western society.

Oh yeah, we have to be PC and "feel" for others.

I have been saying this for years:
I am not a racist, but I am a culturalist (my own term). The color of skin is not what's important; the nature of those of certain cultures is.

I've been thinking what a great thesis for a college Master's could be about how different races have different cultures that are either beneficial to humankind or detrimental. Think about the difference between Islamist cultures and the Indians in the Amazon, or ANY western civilization.

The pagan Amazon tribes don't kill their women if they are raped, as far as I know. Yet, so many Islamists will lash or stone or hang or shoot their own women for some obscene sense of honor if they are raped or do something against the sensibilities of Muslim men. It's time someone who is more informed and articulate than me to write such a thesis.

Yes, I know, there are books out there, no one reads them. However, I would like to see the "backfire" from a student in a major Ivy university write such. The MSM would go ballistic, and open the conversation about cultural (not race) differences. That's a discussion we need.

46 posted on 12/23/2012 10:24:47 PM PST by A Navy Vet (An Oath is Forever.)
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To: Typical_Whitey

“If we allow that to happen it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history,” Lieberman added.

It is time for performance standards to be set for all of our elected “leaders”. No less than annual performace reviews conducted by a panel of constituents. No review, no pay or perks. Severe penalties and/or termination for less than acceptible.


47 posted on 12/24/2012 3:00:10 AM PST by Artie (We are surrounded by MORONS)
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To: Typical_Whitey

The beast demands to be fed.


48 posted on 12/24/2012 3:16:17 AM PST by SkyPilot
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To: Typical_Whitey

If the nation goes over the cliff, it is because that is what the two sides actually wanted.

The military cuts will total about 100 billion a year or just under 17% of the military budget. I believe Afghan and Iraq were off budget, but I’m not sure. I definitely believe that the military wastes 10% each year, but I’m not sure about 17%. I also understand they’ve been prevented from saving the money by cutting personnel, but I don’t know if I understood that correctly from an AUSA email I received last week.

The tax increase is the ending of the Bush tax cuts, so there will be an across-the-board tax increase for everyone.

So, there are real cuts and real increases, and each side gets to blame the other. Wonderful.

Wrong, though. We already were borrowing 1/3 of what we spent, so we have about 1.3 trillion each year to make up. I’m thinking that the tax increases amount to about 300-400 billion. With the military cuts, that gives the spendthrift parties about 400-500 billion. They are about 800 billion short of balancing the budget EACH YEAR.

And the new ObamaCare expense hasn’t kicked in yet.


49 posted on 12/24/2012 3:49:20 AM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Typical_Whitey
I watched that video. It was actually heartening to see a "pissed off woman" give it back to Democrat Communist who has infiltrated our Senate.

We will all have to sit before the judgment seat of Christ. All of us. We will have to give an account for our lives. There are many things in my life I am not proud of, things I have done or should not have done. That is why I surrendered my life to Jesus Christ many years ago. I knew I was guilty, and doomed. But I am saved through Him.

The dreadful people who are now our earthly lords and masters (Reid, Obama, Cardin, etc) are going to have to sit before that judgment seat of Christ as well.

There will be justice, someday. I pray only that God intervenes and teaches them all a lesson here and now. I want to see these people humbled before God.

50 posted on 12/24/2012 4:15:59 AM PST by SkyPilot
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To: Typical_Whitey

AAAAAAAAAAAAH! BOIYOYOYOING! BOIYOYOYOYOING! BOIYOYOYOING! Hey! This is fun! There’s a trampoline at the bottom called American Resilience.


51 posted on 12/24/2012 5:20:12 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Typical_Whitey

“But a short-term deal would need bipartisan support, as Obama has said he would veto a bill that does not raise taxes on the wealthiest Americans.”

My comment: I am poor with a growing business, but it is my opinion that it is utter irresponsible of Obama to continue to hold a position that is so menial. The political point he thinks he is scoring is in the wrong basket. The taxes will only generate 11 days worth of income. To hold Americans hostage over an issue that does so little, as to amount to nothing to help our country’s debt is insanity, disingenous and borders on pure evil.


52 posted on 12/24/2012 5:28:32 AM PST by EBH (0bama is guilty of willful neglect of duty.)
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To: Typical_Whitey

Good. If we can’t get a deal that is less destructive than the “Cliff”, we should go over the cliff. It’s a whole lot less harmful than continuing the current wasteful spending unchecked.


53 posted on 12/24/2012 5:32:08 AM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: WriteOn

What’s not near that much? The cliff? I’ve seen a dozen or so financial presentations and on average it’s in the 4-5% range.


54 posted on 12/24/2012 6:49:24 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: EBH
Instead of "Lawmakers" they should just be called "debtmakers"

The Debtmaking Branch, located somewhere between the Debt Cieling and the Fiscal Hole

55 posted on 12/24/2012 8:58:10 PM PST by KTM rider ( , you'd be lucky to get= $7....LOL !)
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To: jafojeffsurf

The real question is when do all the tape and rivets fall off and the machine tears itself apart. A week, a year or 5 more years? I say sooner rather than latter.


Like many bankrupt business, it is when the money (cashflow) stops. It is the banks fault for not lending them any more money.

What stops the cash flow for USA? The USSR is our model.


56 posted on 12/25/2012 6:57:57 AM PST by PeterPrinciple ( (Lord, save me from some conservatives, they don't understand history any better than liberals.))
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To: Typical_Whitey

Mr. Leiberman can blame his friend mccain and the other 11 senators who agreed to the white house’s plan two years ago.


57 posted on 12/25/2012 10:26:46 PM PST by Terry Mross (I'm here for the entertainment....and I know there are people I don't like who are reading my posts.)
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To: KTM rider

Right on!

Look at all the addendums on the hurricane Sandy relief bill if you want an example of how SPENDING
is the problem.

We don’t have a revenue problem, we have a spending problem.


58 posted on 12/26/2012 12:53:44 PM PST by TurboZamboni (Looting the future to bribe the present)
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