OFF THE CLIFF!

[Hoss]

Power?  Is that what this is about?

Ok, now I get it.

BTW, the president leaves for Hawaii today.

I'm willing to bet that the Senate comes up with another delay tactic or the president issues an executive order delaying "the cliff."  But, of course I already predicted that.

If it's a POWERFUL RULER you seek, I fear you won't find him in this one.  

Because we know the level of WIN your powers of clairvoyancy have.

[shadows]

The first rule of economics is “don’t take out in your plate more than you can eat”.  Those who remember the recession of the thirties that was caused by overproduction from the farm, industrial and mineral production should be informants of how the landing off the cliff was.  Entering into WWll was the catalyst that began the recovery lasting into the‘50 when unions organized.  Government bought all production during the period. 

Government started by paying $20 a head for the cattle which they killed and  buried.  They subsidized the farmer to leave the farmlands vacant.  Government established the WPA giving the workers a small income.  Under the guise of the war effort government bought or controlled the sale of all products including wages.

I would be impossible to raise the taxes to where the working poor could pay off the nation debt that they are planning to put on there shoulders.  You can raise the ceiling on the debt but you are only kidding your selves.  These countries we owe have some smart accountants and we will have a hard time maneuvering around them.

The solution is give all government employees a 6% raise.       

[RecycleMichael]

... the recession of the thirties that was caused by overproduction from the farm, industrial and mineral production...

You are the gift that keeps on giving.

[Hoss]

You are the gift that keeps on giving.

I sometimes wonder if Shadows and Sauerkraut aren't related.

[AquaMan]

The latest posts by these two are classics. Not that there is untruth in their statements. Simply that they lack context and come up with the strangest conclusions.

How do you arrive at public employees should get a 6% raise? Its like reading unrefined Saturday Night Live scripts.

[shadows]

There is no association between this poster and any other poster on this form but there seems to be a relation, by chance, of two posters using non-programmed thoughts. 

As pointed the this cliff hanging is a very serious economic condition that sooner or later has happened when any group establishes a government of the people, employ by election or appointment, give them the check book,  tell them to “Just write you a check for what you are worth and don‘t forget to provide for yourselves a 6%” cost of living increase ever so often“.  “Now these 26 Senators and 50 some representatives will go to Washington in the spring (13 states)get off their asses (donkeys) and conduct the business of the States after the crops are in. How could we be facing a possible bankruptcy?

Greece has faced its cliff.  US total debts are hidden under FOI which is being estimated to range from .5 million dollars each person to 5 million.  Although we have laws that require release of total debt, nation security clause protect the general public from getting the total figure.

Merry Christmas to all     

[Teatownclown]

There is no association between this poster and any other poster on this form but there seems to be a relation, by chance, of two posters using non-programmed thoughts. 

As pointed the this cliff hanging is a very serious economic condition that sooner or later has happened when any group establishes a government of the people, employ by election or appointment, give them the check book,  tell them to "Just write you a check for what you are worth and don't forget to provide for yourselves a 6%" cost of living increase ever so often".  "Now these 26 Senators and 50 some representatives will go to Washington in the spring (13 states)get off their asses (donkeys) and conduct the business of the States after the crops are in. How could we be facing a possible bankruptcy?

Greece has faced its cliff.  US total debts are hidden under FOI which is being estimated to range from .5 million dollars each person to 5 million.  Although we have laws that require release of total debt, nation security clause protect the general public from getting the total figure.

Merry Christmas to all     

Try $70,000 per person. I think it rises to ~$95,000 in 2021.

You seem correct in your assessment of what happens next. The big thing here is to eliminate the ability to blackmail which means the debt ceiling handle must be treated the way it was in times before obstinate politics.

And the Teabaggers/GOP need to stop with the "Bush-Obama " tax cuts bs. It would help if they'd get on with what the prevailing voters desired in November. This theatrical process has hit the wall. You won't be able to blame Obama for a sideways market. I'm amazed at how strong equities have been the last 4 years. The clan of obstinate reactionaries has to wait now until the new soldiers get in place to "lower" taxes come the end of January.

[shadows]

Why are all the people so upset about the cliff the US is standing on when  the US has the world's most robust economy it ever produced.    These world leaders that we owe the trillions of dollars in the balance of trade will be taken care of by increasing our debt limit allowing us to continue to print some more of the cheep green backs, since the papers market is falling because of the phone texing.  Those countries that show on their books the balance we owe them as a unpaid profit possibly need to list them by another listing and not use such figure if they consider bankruptcy.     

[Teatownclown]

Everything You Know About The Deficit Is Wrong — And Fixing It Will Be Painless

http://www.businessinsider.com/closing-the-deficit-is-painless-2012-12


Sorry, Folks, We Don't Just Have 'A Spending Problem'


http://www.businessinsider.com/government-spending-and-taxes-2012-12 (see graphs....I miss Nate!)


The shadow knows!

[Gaspar]

The meeting just started 4 minutes ago.  We will have to see where this goes.

Yesterday while no one was looking, the president signed an executive order giving congress and administration staff a pay-raise.
http://www.opm.gov/oca/compmemo/2012/2013PAY_Attach.pdf

I suppose it is the president's prerogative to reward the incompetence in Washington any way he pleases, but I am of a very different opinion.  I think that the president should have signed an executive order to withhold pay from congress until they pass a budget (their primary constitutional duty).  Enough is enough.  The American economy has hemorrhaged trillions of dollars due to the uncertainty produced by a dysfunctional federal government.   

[heironymouspasparagus]

The meeting just started 4 minutes ago.  We will have to see where this goes.

Yesterday while no one was looking, the president signed an executive order giving congress and administration staff a pay-raise.
http://www.opm.gov/oca/compmemo/2012/2013PAY_Attach.pdf

I suppose it is the president's prerogative to reward the incompetence in Washington any way he pleases, but I am of a very different opinion.  I think that the president should have signed an executive order to withhold pay from congress until they pass a budget (their primary constitutional duty).  Enough is enough.  The American economy has hemorrhaged trillions of dollars due to the uncertainty produced by a dysfunctional federal government.  

Haven't seen/heard any news in the last 4 hours, but I would guess that it ain't gonna happen until after the 1st.  Then, there will be agreement, the tax cuts will be re-instated for all income under 250k.  Capital gains will be left at 25% - where it should be.  Both sides will be self-congratulatory in praising the tax cuts they got for everyone.  So even the 1% get a big piece of their tax cut back.  Let's everyone claim victory and still shave off that pesky capital gains stupidity.

Farm bill - well, the "milk cliff" will be fixed, too as part of the "clean up the mess" work done in that first week.  

The big question in my mind is whether Boehner is gonna get re-selected as House leader.  I think yes, but only if he waits until after that selection to make the compromise he's gonna have to make to get this through - go to Democrats and go around those 40 or so real obstructionist Tea Baggers in the house that want the whole thing to cave in.

[Teatownclown]

The meeting just started 4 minutes ago.  We will have to see where this goes.

Yesterday while no one was looking, the president signed an executive order giving congress and administration staff a pay-raise.
http://www.opm.gov/oca/compmemo/2012/2013PAY_Attach.pdf

I suppose it is the president's prerogative to reward the incompetence in Washington any way he pleases, but I am of a very different opinion.  I think that the president should have signed an executive order to withhold pay from congress until they pass a budget (their primary constitutional duty).  Enough is enough.  The American economy has hemorrhaged trillions of dollars due to the uncertainty produced by a dysfunctional federal government.   

did you ever consider not whining? Try to be less bitter. Wr will survive, we will get by.

[heironymouspasparagus]

I suppose it is the president's prerogative to reward the incompetence in Washington any way he pleases, but I am of a very different opinion.  I think that the president should have signed an executive order to withhold pay from congress until they pass a budget (their primary constitutional duty).  Enough is enough.  The American economy has hemorrhaged trillions of dollars due to the uncertainty produced by a dysfunctional federal government.   

So, you WERE awake and aware of your surroundings during the Bush years...!!

We still got many trillions to go, though....sadly!  So every time you put your kids to bed, and look at their innocent little faces lying there peacefully asleep with no clue of the freight train heading their way, you can stew - as I do - about what we have done to them!  And THEIR kids!!  And their kids kids!!  We just gotta be so proud of the last 32 years...!!

[Teatownclown]

Any minute now we technically go off the cliff as the Senate GOP refuses to set the change at $250,000 .... we might see that compromise at $400,000 income. All else reverts? Estate taxes?


Edgy!

This One Chart Shows That The Fiscal Cliff Fiasco Is The Republicans' Fault


http://www.businessinsider.com/this-one-chart-shows-that-the-fiscal-cliff-fiasco-is-the-republicans-fault-2012-12

[Teatownclown]

The logic of the Donald and Faux News....American's follow the stupid Carneys.

Extortionists, Traitors and bigots.