Fiscal Cliff

KLook wrote:

Good News! Al Qaeda Disbands;

You must be referring to Obama and his cabinet.

kevin

The drama of the Fiscal Cliff, it has all the predictability of an A team rerun. Let's move this deckchair a little more to port, no I think a touch more to starboard, will the band play on? Will Obummer save the day. Tax revenues have just about topped out understand that one and the liberals have no understanding that we are mortgaging over a trillion dollars a year from our kids future and they don't care as long as they get free phones. The suspense it has us all pinned to the TV (yawn).

Guys it's all nonsense, the deck chairs are on the Titanic and we have no intention of living within our means. We have passed the point where we can ever pay this money back and 4 more years of this c rap and it's all over. Iceberg ahead. So we crash or do we have a global currency, go on a gold standard or whatever, I have no idea. If we inflate it away we are all going to be a lot poorer. Hold your nose as 56% approve of obummers handling of this, stupidity knows no bounds.

What is happening is play acting to placate their respective bases. The real decision was made years ago to go the inflation route.

franco b wrote:What is happening is play acting to placate their respective bases. The real decision was made years ago to go the inflation route.

1913 by my reckoning.

franco b wrote:What is happening is play acting to placate their respective bases. The real decision was made years ago to go the inflation route.

Absolutely.

Not so simple sadly. 1944 and 1971 were more to blame than 1913 as we do need a central bank. Fiat currencies are the only effective way to create wealth and let's not forget this is the third central bank, I wonder where the fourth will come from. We were recoverable, if you work on a reasonable repayment schedule, until the current clown. Now no hope. Let's put this in perspective:

U.S. Tax Revenue: $2,170,000,000,000
Federal Budget: $3,820,000,000,000
New Debt: $1,650,000,000,000
National Debt: $14,271,000,000,000
Recent Budget cuts: 38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budge:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $385
Got it?…. OK now…
Lesson # 2
Here’s another way of looking at the Debt Ceiling:
Let’s say you come home from work and find there has been a sewer backup in your neighborhood… and your home has sewage all the way up to your ceilings. What do you think you should do?
Raise the ceiling or remove the *censored*?

Just to show how committed is now everybody gets a raise. You can't negotiate with a mad man and they should stop trying. Just no increase in the debt ceiling and let the chips fall where they may.

That is very good. But even if it was put in the national news it would not make a difference. How else can you explain the general public being told repeatedly that if you took ALL the money All the rich people make in a year it would not make any difference? They still voted this clown in because he offered ice cream and they line up to get some. It does not matter about math, it matters abut what can I get, what is in it for me? I remember the discussions years ago about he amount of credit card debt Americans had. This same mental condition applies to federal spending.

Kevin

I said Obama flunked math that's why he doesn't want his transcripts released.

How else can you explain the general public being told repeatedly that if you took ALL the money All the rich people make in a year it would not make any difference?

Hmmmm, you mean 99% of the country can't get everything that they want by taxing the 1%. Nah, that message is too complex for the libs. They are trying that in France and see what good it's doing. Psst, see Paris in the daylight as the commies have a great plan of turning off the lights at night to save money. That should really boost tourism.

My wife, an accountant thought this was perfect. But you have to realize the average jack/jill is just wanting to do better then the people around them. They are being spoon fed the line/lie that the rich have all the money and they didn't earn it, they got it because they were rich already. Or they stole it by not paying proper wages to the people that really made things happen, like jack/jill. They don't understand math because it was not emphasized in school, just how they felt and how to respond to art and perverse sexuality and Islam. From my days in high school, "I'm ok, your ok" . The groundwork is laid, the bets are in. Prepare for a different type of game. They have moved from hints of socialism/fascism/communism to outright throwing it in our faces. And they marginalize the people that point it out.

Kevin

Happy New Year

It strikes me that ALL factions are being hand fed whatever they choose to hear. Me???? I've always been a wait, listen, watch & act kinda guy.

According to Lou Dobbs analysis, whomever's plan to "save us" from the fiscal Cliff is adopted, the net effect will be like removing one ant from a large ant hill.

It looks like a last hour fiscal cliff deal has been reached. Per Rand Paul it includes tax increases only, with zero spending decreases. In fact, under the bill the governments spending vastly increases in the coming years. No surprises there. No deficit reduction either, only deficit increases. The entire last minute timing thing was a drama charade from our elite ruling class intended to impress us plebes.

http://www.politico.com/story/2012/12/r ... 85633.html

Like I said--wait, listen, watch & act---HOORAY rand paul