Battle over how to keep US economy from going over "fiscal cliff" begins

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11-09-12, 01:12 PM
Jenna

Battle over how to keep US economy from going over "fiscal cliff" begins

Quote:

The "fiscal cliff" of steep government spending cuts and tax increases due to be implemented under existing law in early 2013 may cut the federal budget deficit, but economists warn it also could tip the economy back into recession.While disagreeing on immediate measures to avert the looming fiscal crisis, Obama and Republicans may find common ground in calls for enactment over the next six months of a larger package of deficit reduction measures, including a rewrite of U.S. tax laws.The president called for negotiations on such a "grand bargain" during his campaign.

Obama to join fiscal cliff battle as showdown looms | Reuters
11-12-12, 12:10 AM
lewisipso

We'll be headed back to recession.
11-12-12, 04:48 PM
keith720

Quote:

Originally Posted by lewisipso

We'll be headed back to recession.

I wasn't aware that we were really out of a recession?
11-12-12, 05:08 PM
bayern

If his policy is going to be "Take from the Rich" I know a welfare family down the road that get food stamps, housing assistance, free cell phones and all the other good stuff. Maybe they can help me out.:mad::mad::mad::mad::mad:
11-12-12, 07:47 PM
pgg

with the election of mostly libtards and RINOs we will be heading into a worse economy. These people have NO IDEA how an economy actually works. They go to IVY schools that people teach what would be utopia in thier minds. That isn't reality.
11-12-12, 08:34 PM
Bjohnson63

Damn! Maybe the Mayan's were right. Get your bunkers ready folks! LOL
11-13-12, 11:40 AM
JLK

quit spending
11-13-12, 01:02 PM
lewisipso

Quote:

Originally Posted by JLK

quit spending

A solution that makes sense? It will never be used.
11-14-12, 02:22 AM
Car 4

I heard a commentator I like (not Rush) state yesterday that O is too incompetent to manage to avoid the cliff. I tend to agree and that means a double dip recession and guttting the military. Choices have consequences and ours will be pretty ugly.

Car 4