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

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    Jenna's Avatar
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    Battle over how to keep US economy from going over "fiscal cliff" begins

    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

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    lewisipso's Avatar
    lewisipso is offline Injustice/Indifference/In God we trust
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    We'll be headed back to recession.
    Do not war for peace. If you must war, war for justice. For without justice there is no peace. -me

    We are who we choose to be.

    R.I.P. Arielle. 08/20/2010-09/16/2012


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    Quote Originally Posted by lewisipso View Post
    We'll be headed back to recession.
    I wasn't aware that we were really out of a recession?
    lewisipso likes this.
    For the morning will come. Brightly will it shine on the brave and true, kindly upon all who suffer for the cause, glorious upon the tombs of heroes. Thus will shine the dawn.

    Winston Churchill

  4. #4
    bayern's Avatar
    bayern is offline Officer First Class
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    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.
    lewisipso likes this.

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    pgg
    pgg is offline Damnit, I'm hungry again.
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    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.
    'Political Correctness is a doctrine fostered by a
    delusional, illogical liberal minority, and rabidly
    promoted by an unscrupulous mainstream media, which
    holds forth the proposition that it is entirely
    possible to pick up a turd by the clean end!'

    A fear of weapons is a sign of retarded sexual and emotional maturity. Sigmund Freud

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    Damn! Maybe the Mayan's were right. Get your bunkers ready folks! LOL

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    JLK's Avatar
    JLK
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    quit spending


    "A strong man stands up for himself. A stronger man stands up for others."
    Ben

    The old sheriff was attending an awards dinner when a lady commented
    on his wearing his sidearm. "Sheriff, I see you have your pistol. Are you
    expecting trouble?" "No Ma'am. If I were expecting trouble, I would have
    brought my rifle."
    (just stole this one hope you don't mind)


    The trouble with our liberal friends is not that they are ignorant,
    it is just that they know so much that isn't so.
    President Ronald Reagan



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    lewisipso's Avatar
    lewisipso is offline Injustice/Indifference/In God we trust
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    Quote Originally Posted by JLK View Post
    quit spending
    A solution that makes sense? It will never be used.
    Do not war for peace. If you must war, war for justice. For without justice there is no peace. -me

    We are who we choose to be.

    R.I.P. Arielle. 08/20/2010-09/16/2012


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    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
    Captain America likes this.
    I would like my country back. I used to believe that one man could never destroy this country. Not so sure anymore!

 

 

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