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That so-called "fiscal cliff" thingy

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U.S. President Barack Obama's first priority should be...

Reveal himself, and take credit for being the real face of the Occupy Movement
1
10%
Give away some free stuff
0
No votes
Give away some more free stuff
0
No votes
Get a rubber stamp so he doesn't have to sign all of those welfare cheques and food stamps by hand
0
No votes
Get a Latino transplant, appendage or prostethis to get 90% of their vote
0
No votes
Promise to perpetually close Gitmo again except to really, really mean it. Then close Iran, Afganistan, China
0
No votes
Attend some cool fundraisers, and then take an expensive holiday
0
No votes
Invite al Qaeda over for some beer n' hoops at Lacasa Obomba
0
No votes
Invent a new hoax bigger than - transparency, accountability, Change, Hope and Together We Can - combined
0
No votes
Hang out with Hollywood types, rappers and Oprah, become a regular on The View
0
No votes
Be BFF with the world
0
No votes
Become energy independent while protecting the environment and the Spotted Pink Minorka
0
No votes
Bail out random troubled industry's with taxpayers money with a smirk instead of a smile
1
10%
Get the media to tell some Mitt jokes to entertain the gullible and easily manipulated
2
20%
Taxing the hell out of anyone who even dares to believe in the 'American Dream"
0
No votes
Anything social justice or same-sex marriage, bullying or racist or cause de la jour
1
10%
That so-called fiscal cliff thingy that's not his fault
5
50%
 
Total votes : 10

That so-called "fiscal cliff" thingy

Postby logicalview » Nov 9th, 2012, 7:05 pm

'

Was watching Mansbridge the night after America voted for their favourite lounge singer that likes to give stuff away, asking a CBC appointed "'expert" this big question (in a Valleygirl accent)....

What is the so-called.......... "Fiscal Cliff"....... and..... does it really exist?


The answer of course was blah, blah blah, la tee duh - and ended with, start the drum roll....

"But, of course, it's not Obama's fault".

Except for the last four trillion, and the six trillion more in the pipeline.

How come the mainstream media was giving America's dashing Prom King an economic hall pass until after the election.

According to financial experts, the impact of plunging over that cliff would throw the American economy into such turmoil that it would be begging for the return of 2007-09 recession that helped trigger global economic chaos and send the U.S. into a tailspin.

And Canada, where 70% of its exports are destined for the U.S., would be sucked into the vortex.

But, with the Democrats still in control of the Senate and the Republicans in control of the House of Representatives, it's a familiar recipe for the anger-filled partisanship of the previous four years that now sees the U.S. $16 trillion in debt, and growing at the phenomenal rate of $188 million an hour.

It's not just a debt clock, it's a time bomb.


Image



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Re: That so-called "fiscal cliff" thingy

Postby Sn0man » Nov 9th, 2012, 7:19 pm

logicalview wrote:'According to financial experts, the impact of plunging over that cliff would throw the American economy into such turmoil that it would be begging for the return of 2007-09 recession that helped trigger global economic chaos and send the U.S. into a tailspin.

And Canada, where 70% of its exports are destined for the U.S., would be sucked into the vortex.


This so called "fiscal cliff" is just the end of a bunch of tax breaks. Tax breaks that were given in a time of plenty.

Times are not so 'a plenty' these days.

I guess I just don't see it as a big deal. "Financial Experts" warn of it triggering some kind of economic armageddon, but they're kinda already there. And TBH these tax breaks haven't resulted in job creation - rather it's resulted in cash hoarding.

But that's just my opinion, all $0.02 worth.
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Re: That so-called "fiscal cliff" thingy

Postby steven lloyd » Nov 10th, 2012, 9:35 am

Image

dick tried to use this button making fun of Republican supporters
crying over the election results in a BC thread in a completely unconnected
context (loved the double irony). It works well here though.
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Re: That so-called "fiscal cliff" thingy

Postby The Green Barbarian » Nov 10th, 2012, 11:06 am

SL - that picture of the crying baby is what the US people will be doing, unless they drastically change their ways and stem the tide of over-spending. Unfortunately, neither Obama or Romney were the man to do it, so really it didn't matter who was elected.
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Re: That so-called "fiscal cliff" thingy

Postby hobbyguy » Nov 10th, 2012, 12:19 pm

LV, how can you refuse to accept the facts?

Clinton left office with a balanced budget.

Dubya and his puppet master Cheney ("deficits don't matter") screwed it up six ways to heck. 8 years of screwing up doesn't get fixed at the snap of your fingers.

Think of it this way, the guy on the loading dock screws up and sends the customer the wrong item. Took him 5 minutes to screw that up. Now you have to fix it. First, spend time to sooth the upset customer, then get the right product shipped express ($$$ adding up), next arrange pick up of the incorrect item ($$$ adding up), do the paperwork to ensure the customer doesn't get doubled billed ($$$ adding up), send the salesman out to reassure the customer that it won't happen again and you value his business blah blah and lunch($$$ adding up), next time the customer wants that product they give brand X a chance to bid and you have to lower your price ($$$ adding up and keep adding up in the future). So are all those $$$$$$$ that added up your fault? Nope, it was the dufus who screwed it up in the first place - but the $$$ keep adding up long after you fired him.

So Cheney-Dubya gave folks a tax unjustifiable tax cut (yup, giving out FREE STUFF) and made it "somebody else's problem" by making it a 10 year "temporary cut". $$$ keep adding up.
So Cheney-Dubya went into Afghanistan after AQ & Bin Laden. OK, I'll go along with that. But then they suck away the resources and make it into another Viet Nam, and when questioned about Bin Laden - they don't care, which emboldens terrorist groups everywhere. Afghanistan should have been a 3-5 year deal, but no, C-D screwed it up and left the mess "for the next guy". $$$ keep adding up.
So Cheny-Dubya decide to go al Don Quixote and charge into IRAQ after WMD's that never existed. Let's see, "mission accomplished" was what? ELEVEN years ago! Veteran's hospitals, rehabs, disability pensions etc. etc. keep adding $$$.
So Cheney-Bush wanted to ensure re-election, so they "GIVE OUT FREE STUFF' - free prescription meds, with no way to pay for it. $$$$$ keep adding up.
So Cheney-Dubya totally ignore economic management (they're too busy playing soldiers) and completely drop the ball so we get the "meltdown". Well, they try to put on a bandaid with TARP ($$$$ charged to the next guy), but things get so bad that the auto industry is kaput and can't borrow any money, so the next guy has to go with more $$$$, and try to stimulate the economy so it doesn't go from recession to depression, more $$$$.

AND ON AND ON (corn ethanol subsidies, etc. etc.)

Cheney-Bush and the Republicans - the gift that keeps on giving!

There is no cliff. There are a series of key decisions required that will take adult consideration and some compromise. Unfortunately the TEA party whackadoodles are in waaaay over their heads.
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Re: That so-called "fiscal cliff" thingy

Postby sooperphreek » Nov 10th, 2012, 12:29 pm

i love how obama basically said the taxes will go up for everybody at the end of the year. putting heat on the republicans about his plan to raise taxes on just the higher income earners. bohner is in a huge pickle. because if he wants any hope in hell to have any semblance of tax breaks then he has to give on the high income. it will be interesting to see. obama says he wants to fix things and the republicans have to decide if they want to logjam the house. either way obama wins. it wont be his fault because taxes will go up regardless and he has no say in the matter.
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Re: That so-called "fiscal cliff" thingy

Postby Poindexter » Nov 13th, 2012, 4:12 pm

I'm not a violent guy but Boehner needs to be slapped silly.

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Re: That so-called "fiscal cliff" thingy

Postby Artofthedeal » Nov 13th, 2012, 4:27 pm

Poindexter wrote:I'm not a violent guy but Boehner needs to be slapped silly.



I'd support that if you also included Harry Reid, Nancy Pelosi, Barney Frank and Barbara Boxer in your little group.
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Re: That so-called "fiscal cliff" thingy

Postby hobbyguy » Nov 13th, 2012, 4:43 pm

Kind of cheap shot at Boehner. I may disagree with some of the policy positions he takes, but he seems a pretty decent guy.

He's in a tough spot as the whackadoodle Tea party loons are either going to knife him the back or force him to take completely unreasonable positions. I hope he see's the light and calls their bluff about "primarying" him, seems the tea party is losing its luster with the adults in the room (Bobby Jindal apparently said the Republican party has to stop being "the party of stupid").

These issues are going to have to have some compromise, and it pretty much falls on John Boehner to get that done. Eric Cantor and Paul Ryan are unyielding, and Ditch McConnell is running scared of being "primaried".

Can't say as I envy Boehner's position.

Mind you, if there isn't a compromise, then there will be one that the Democrats dictate when the Bush tax cuts expire, and the sequestration cuts come up. So the whole "fiscal cliff" thing is way overdramatized, the terminolgy basically being a way for Bernanke to box in the congress, and it will get resolved.

http://www.businessinsider.com/renaming-the-fiscal-cliff-2012-11
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Re: That so-called "fiscal cliff" thingy

Postby steven lloyd » Nov 13th, 2012, 4:46 pm

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"Time for conservatism to evolve" - and yes, a Republican said that :dyinglaughing:
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Re: That so-called "fiscal cliff" thingy

Postby Smurf » Nov 14th, 2012, 6:57 am

This is just as stupid as Canadian poitics. Look at the threads on BC politics. The party lines are sickening. None of the lines of thought are any good on their own. All the parties are "NO" "CANNOT DO IT PARTIES" when it comes to anything suggested by the other side. Even on these threads there is no compeomise when compromise properly thought out is the only solution. All anyone wants is some type of majority so they have the power to say no to anything suggested by anyone else and push to through their own agenda.

The only true soluition is a compromise and I doubt anyone is ever going to see that. Until then we will flop back and forth from one extreme to the other ruining the US, Canada, and the world in the process. I am truly afraid ruination of what we know today will come before any real solution.
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Re: That so-called "fiscal cliff" thingy

Postby sooperphreek » Nov 14th, 2012, 7:07 am

good point. we failed that experiment miserably when we gave into harpers whining and gave him a majority after 2 minorities. we should have realized that he sucked and thats why he only had minorities. but what spectacular things has he done for us? not much comes to mind. he can try to take credit for a national banking system that would run without him. and he tried to take credit for the economy. and now we are running a huge deficit and he tries to blame the euro zone for it. plus the cons are running attack adds on mulcair already on the radio. its petty and pathetic. lets hope trudeaus son can take the liberals by storm and the youth movement shocks the geriatrics in canada like what happened in the states.
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Re: That so-called "fiscal cliff" thingy

Postby Gone_Fishin » Nov 14th, 2012, 7:13 am

sooperphreek wrote:good point. we failed that experiment miserably when we gave into harpers whining and gave him a majority after 2 minorities. we should have realized that he sucked and thats why he only had minorities. but what spectacular things has he done for us? not much comes to mind. he can try to take credit for a national banking system that would run without him. and he tried to take credit for the economy. and now we are running a huge deficit and he tries to blame the euro zone for it. plus the cons are running attack adds on mulcair already on the radio. its petty and pathetic. lets hope trudeaus son can take the liberals by storm and the youth movement shocks the geriatrics in canada like what happened in the states.



Being the best managed country of the G7 with the strongest economy and the envy of the free world is, I guess, Harper doing "nothing."

Unreal.
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Re: That so-called "fiscal cliff" thingy

Postby Smurf » Nov 14th, 2012, 8:20 am

I would have to say that at this time I believe Harper is doing more good than bad. I would definately vote for him again unless the Liberals can realy up their game under a new leader. And yes we are doing good in comaprison to other G7 countries and one of the big reasons is the tight controls we have on our banks. I pray we never loosen that hold like many countries have.

However we are not the best economy in the world. There are a number of countries doing better than us. Off the top of my head I can't remember which ones but I do believe brazil is one but I could be wrong. We are far from best and have to be very careful we don't fall. Even though they have just downgraded their forecasts I believe the feds are still to optomistic with their forecasts. I hope they are right but only time will tell.

The so called cliff does worry me because with the dead locks in the US right now I see nothing but problems on the horizon. These two groups just cannot compromise to any real extent. It is absolutely rediculous that they can't work together just because they don't want to open the door for anything the least bit positive for their opposition, when in reality if either one had the power they would do very similar things. They just refuse to give up anything from their side of the fence. As far as I can see it's one step forward and two back.
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Re: That so-called "fiscal cliff" thingy

Postby sooperphreek » Nov 14th, 2012, 9:20 am

a strong economy is the G7 does not mean we have a great one in world terms. there are other more progressive ones that are catapulting forward in leaps and bounds. while because of our banking regulations (that have zero to do with harper because they are fundamentals) we are sustaining our economy and wont fail as miserably as the others if we only keep the status quo. which is what harper is doing. he hasnt been "progressive" he has only been conservative. and that is getting boring. its easy to pat yourself on the shoulder when you compare against 7 economies that are a disaster and exclude the rest.
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