Fiscal Cliff?

Discussion in 'Financial Cents' started by VisuTrac, Dec 10, 2012.

  1. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Methinks this fiscal cliff is going to have a Thelma and Louise ending. as for me, I'm getting the popcorn ready.

    Anyone know if there are Cliffs Notes for this? Not sure if i can stay awake for the whole thing or not.
  2. NWPilgrim

    NWPilgrim Monkey++

    Cliff notes:
    Dear taxpayer,

    Sorry to inform you we already spent all the money we took from you. Actually not that sorry! :) Send more truckloads of money, or we won't buy any more politicians. BTW remember we have a gun to your head so send LOTS! Meanwhile we've come up several more ingenious ways to confiscate your money so you might as well leave your pants down cuz we'll be back real soon.

    Love and kisses to the little people,
    Turbo Tax Timmy G.
  3. gunbunny

    gunbunny Never Trust A Bunny

    That would be funnier if it weren't so true.
    Yard Dart and VisuTrac like this.
  4. ghrit

    ghrit Bad company Administrator Founding Member

    No need to worry about running out. We'll print more for those that deserve it.[reddevil]
  5. larryinalabama

    larryinalabama Monkey++

    I think they will get a deal.

    The Republikins have lost their identity.

    The big question does it all really matter very much, were headed for a depression cliff or no cliff.
  6. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Remember the ending to Thelma and Louise ?? Yeah, that. Or at least that is what TPTB want you to think.

    If they did nothing, I mean nothing. There will be tax increases and spending cuts automatically across the board. Is it going to hurt? Yep.

    But if they actually agree to something, it's going to eventually be worse. Think of one thing that the executive and legislative branches have done in decades that you would consider a good job? Someone is gonna get screwed and typically when it's our elected (puppets) officials the only ones happy are the banks and multinationals.

    I say, don't do a thing, don't raise the debt limit and live within our means. Yeah I know, Pipe dream huh?
    Capt. Tyree and larryinalabama like this.
  7. larryinalabama

    larryinalabama Monkey++

    I agree 150%, it wont hurt at all, Obama already won thats what hurts.

    If the debt limit doesnt get raised would be the best thing that could happen to the USA, and yes it is a pipe dream
  8. Mindgrinder

    Mindgrinder Karma Pirate Ninja|RIP 12-25-2017

    Back your currency with gallons of fresh water.
    Problem solved.

  9. fedorthedog

    fedorthedog Monkey+++

    A gallon of water costs almost a buck now days, may not be a bad idea
    Mindgrinder likes this.
  10. TheEconomist

    TheEconomist Creighton Bluejay

    Keep on thing in mind. Whatever "deal" they work out could be worse than going off the cliff...
    gunbunny likes this.
  11. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    What do you mean COULD? Will more than likely, Think of one thing that the legislative and executive branch have done together in decades that was better 'for the people' and not corporations. I'm having trouble thinking of any.
  12. NWPilgrim

    NWPilgrim Monkey++

    +1 Visutrac

    They have no intention to solve anything, let alone the deficit. This is just another crisis to not let go to waste for them.

    I think we should all find jobs around $30K so we don't have to pay any taxes. Start drying up this swamp!
  13. Mindgrinder

    Mindgrinder Karma Pirate Ninja|RIP 12-25-2017

  14. -06

    -06 Monkey+++

    ...."Whatever "deal" they work out could be worse than going off the cliff...." The "deal" they have bestowed upon we peons is economic slavery while they wallow in kingly fare. What ever they do will be way too little way too late. A man of vision, guts, and determination could stop this but alas--he died several years ago.
  15. Pax Mentis

    Pax Mentis Philosopher King |RIP 11-4-2017

    Looking at the increased tax rates as being on a temporary basis (I know, unlikely), the "cliff" actually seems like a small step in the right direction. Any "deal" will be less so as near as I can see.

    Isn't it a straight percentage cut across the board to all agencies and programs? If we just cut 5% (from current, not projected "growth") per year for 10 years we would have a helluva start :)
  16. Mindgrinder

    Mindgrinder Karma Pirate Ninja|RIP 12-25-2017

    U don't have 10 years bro.
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