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Topic: Fiscal Cliff Diving |
Fiscal Cliff Diving
Weekly Standard, by John McCormack
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Original Article
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Posted By:StormCnter, 11/20/2012 5:04:07 AM
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| Under current law, the U.S. economy will tumble over the so-called fiscal cliff at the start of the new year, when roughly $500 billion in across-the- board tax hikes and $100 billion in spending cuts are scheduled to take effect. Numerous economists predict the automatic tax increases, the result of expiring Bush tax cuts and other tax laws, will cause another recession. Pentagon officials say the spending cuts, part of the 2011 debt ceiling deal, will “hollow out” the military. President Obama and congressional leaders declare they’re committed to striking a deal to avert a fiscal fall.
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Reply 1 - Posted by:
Country Boy, 11/20/2012 6:27:12 AM (No. 9024821)
If obama´s father was still alive, he would be so proud of his son.
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Reply 2 - Posted by:
ziel, 11/20/2012 7:48:19 AM (No. 9024951)
Please tell me what kind of deal they can strike.
Rise taxes and promise cuts in the future as usual.
At the best they will buy peace and quiet for 6-12 months.
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Reply 3 - Posted by:
dogbreath, 11/20/2012 7:53:52 AM (No. 9024966)
don´t pay it. We need to eat, too.
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Reply 4 - Posted by:
mws50, 11/20/2012 8:04:13 AM (No. 9024990)
Boehner will cave. Guaranteed!
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Reply 5 - Posted by:
shu246, 11/20/2012 8:48:28 AM (No. 9025099)
"Fiscal Cliff" sounds like some kind of impending natural disaster, the avoidance of which will require heroic measures by our elected Legislators.
It is not. The problem is entirely the CREATION of our elected Legislators.
Did you vote to return your Legislator(s) to their jobs?
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Reply 6 - Posted by:
Eheu Fugaces, 11/20/2012 9:43:43 AM (No. 9025249)
Any deal they strike will only prolong the agony. Get it over with. Let it burn.
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Reply 7 - Posted by:
stablemoney, 11/20/2012 9:44:31 AM (No. 9025252)
There is Thanksgiving vacation, then shopping, then Christmas and New Years. Senator Menendez has vacation plans for the Dominican Republic.
With the inaugural, swearing in of new members, and State of the Union, Congressional activity may have to be postponed until after President´s Day.
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Reply 8 - Posted by:
mickturn, 11/20/2012 9:58:33 AM (No. 9025286)
More like Fiscal Cliff Diving onto jagged rocks! Have at it DIMS! We await your demise by your own stupidity with glee!
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There’s a huge red flag in the Benghazi mess, but conservatives are letting the media get away with using a red herring to avoid it. Give the establishment media credit for obstinacy: Once it settles on a standard narrative or explanation for a particular subject, it shows remarkable discipline in explaining away any evidence that contradicts its own approved spin. So it has been with the media’s 250-day old determination to downplay the scandalous nature of the Obama administration’s treatment of its outpost in Benghazi before, during, and after the terrorist attack there that took four American lives.
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We hear a lot, these days, about how President Obama is not like Lyndon Johnson and thanks be to heaven for that small mercy. The point seems to be that the president doesn´t know how to arm twist, sweet talk, bribe, and emasculate both friend and enemy (of which he truly had neither) in order to further his agenda. Since many among the chattering class believe, still, in that agenda, his is generally regarded as an excellent presidency. Never mind that more than half a century after Johnson declared war on poverty ...
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WASHINGTON – The Internal Revenue Serviced scandal today spread further within the White House and closer to President Obama. White House spokesman Jay Carney today disclosed that Obama’s chief of staff, Dennis McDonough, and other top White House officials had advance warning that the IRS was targeting conservative groups. But he insisted McDonough and the other White House officials purposely kept Obama out of the loop.McDonough “rightly chose not to take action” to inform Obama, Carney told reporters at the daily White House briefing.
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The wheels came off the Obama administration yesterday. We learned of a startling assault on freedom of the press by the Department of Justice, following the revelation last week of the unprecedented information-gathering foray by that department against The Associated Press. Then, a few minutes later, the Justice Department’s inspector general released a report declaring that the US attorney in Arizona used the leak of a confidential memo to try to discredit a whistleblower in the notorious “gun-walking” scandal known as Fast and Furious (which got two federal agents killed). The leak was called “egregious.”
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Former Democratic National committee chairman Howard Dean considers the controversy over Benghazi a “joke” and “silly.” “Benghazi is a laughable joke,” Dean proclaimed twice in a discussion with Republican National Committee communications chairman Sean Spicer last week. “With all due respect, governor, when four Americans die serving this country, that’s not a joke, sir,” Spicer responded. “Oh, stop it,” said Dean. The former Democratic presidential candidate also said that there were “no serious questions being asked about Benghazi” and brushed it off as an effort by Republicans to score political points.
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