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  Topic: Fiscal Cliff Diving
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Fiscal Cliff Diving
Weekly Standard, by John McCormack

Original Article

Posted By:StormCnter, 11/20/2012 5:04:07 AM

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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