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Even if we fall off ‘cliff,’
result may not be awful

Associated Press, by Christopher S. Rugaber

Original Article

Posted By:Attercliffe, 12/27/2012 7:02:08 AM

WASHINGTON--The economic threat that has kept many Americans on edge for months is nearing reality, unless the White House and Republicans cut a budget deal by New Year’s Day. Huge tax increases. Deep cuts in domestic and defense programs. The likelihood of sinking stock prices, reduced consumer spending and corporate layoffs. The risk of a recession within months. Still, the start of 2013 may turn out to be far less bleak than feared. For one thing, the two sides may strike a short-term agreement before New Year’s that postpones spending cuts until spring. President Barack Obama and members of

      


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Reply 1 - Posted by: Bur Oak, 12/27/2012 8:16:32 AM     (No. 9085401)

The country went over the cliff quite a while ago. The only questions are how far will we fall, how much higher will the government make the cliff, and what´s at the bottom. The result may be worse than awful.

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Reply 2 - Posted by: Mr. Know-It-All, 12/27/2012 8:17:16 AM     (No. 9085403)

I still agree with Rush in that Da Won wants to go "over the cliff". (BTW, I´m tired of that cliche!) In that way He will have a ready scapegoat for the coming recession. After all, even His brain dead honey-boo-boo followers will not buy the its-Bush´s-fault mantra for much longer.

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Reply 3 - Posted by: revdeppisch316, 12/27/2012 8:18:49 AM     (No. 9085407)

DReam on numbnutz! The Fed has been going non-stop on printing money which will make its way into the economy. The resulting inflation along with the resumption of taxation will keep America in bondage to 8-9% unemployment or higher and inflation to uncharted territory.

But then the ASSPRESS knows as much about economics as Obama--in other words just plain STUPID!

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Reply 4 - Posted by: Chuzzles, 12/27/2012 10:12:25 AM     (No. 9085666)

I agree with #1. We went over a long time ago. All this wrangling is just deciding how hard the slam will be when we reach the bottom.

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Reply 5 - Posted by: oh-heck, 12/27/2012 12:58:15 PM     (No. 9086049)

Don´t be surprised if a lot of companies abandon the blue states and move to TX. While NY has spent the last 4 years rewriting their fracking rules, TX has filled up the 900,000 bpd of new pipeline capacity and pushed state oil production up to 2 million barrels per day. No one drills for gas anymore, but the gas that comes with the oil has kept the price down at record lows. Now is a really great time to move an energy intensive plant to TX and generate your own energy in a right-to-work state with no state income taxes which has passed loser-pays tort reform. As a co-generation facility, you can sell your excess energy to the power companies and your emissions of CO2, SO2, and NOx will be compared against the emissions of the state average based mainly on coal.

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Reply 6 - Posted by: JackBurton, 12/27/2012 7:28:07 PM     (No. 9086591)

Folks, we´ve been over a cliff for four years. If it wasn´t going to be the taxes, it would be the regulations.

My prediction: Things will slow down, maybe a recession, fracking and oil discoveries will continue to provide improvement and china, russia and Europe will continue their declines making us not look so bad.

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Below, you will find ...

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B-G1


 
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Posted By: Attercliffe- 3/8/2014 12:03:06 AM     Post Reply
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Posted By: Attercliffe- 3/7/2014 10:04:12 PM     Post Reply
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Posted By: Attercliffe- 3/7/2014 9:54:41 PM     Post Reply
´Russian television news is reporting…” Nowadays, when I hear those words pronounced on the BBC or ITN, I can’t help but wince. Over the past 10 days, Russian television news has reported, among other things, that 675,000 Ukrainian refugees have flooded over the Russian border; that extremists and neo-Nazi militants have illegally taken over the Ukrainian government in Kiev; and that Crimean “self-defence forces” or “pro-Russian forces” have spontaneously gathered in front of the Crimean parliament in order to defend it from those same Nazis. Each of these statements is a lie: there are no refugees flooding into Russia.

   

 

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Posted By: Attercliffe- 3/7/2014 9:41:30 PM     Post Reply
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Posted By: Attercliffe- 3/7/2014 9:34:21 PM     Post Reply
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