Author Topic: the "supposed" fiscal cliff  (Read 3668 times)

Offline JustKari

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the "supposed" fiscal cliff
« on: November 13, 2012, 10:25:39 AM »
Jay Carney is speaking right now and referring to the "supposed fiscal cliff".  Isn't the fiscal cliff a known entity?  Taxes breaks will expire, new taxes are set to raise, this will happen, right?   Is this plausible to deny?



Online Solar

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Re: the "supposed" fiscal cliff
« Reply #1 on: November 13, 2012, 12:29:43 PM »
The business community doesn't seem to think it's a fable.

Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

http://www.cnbc.com/id/49792979
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Offline aniso

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Re: the "supposed" fiscal cliff
« Reply #2 on: November 13, 2012, 05:27:18 PM »
I wonder if he Thinks all those layoffs occurring within a day were "supposed layoffs due to obamacare"

Offline Vern

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inconceivable
« Reply #3 on: January 27, 2013, 11:31:55 AM »
mmmm, if "300 billion in tax increases (or tax cut expiration) and 300 billion in spending cuts" is a fiscal cliff in a growing economy, what is a 1.7 trillion dollar (or 1.4 trillion if you want) spending cut in an economy collapsing at -8.9% rate?

fiscal abyss?
fiscal cliffs of insanity?

can you believe that Q4 2008 GDP was -8.9 %, job losses were 2.1 million for Nov 08 to Jan 09 and starting  1/20/2009, one party was screaming to balance the budget by cutting spending.  Lucky for America, republicans were only pandering to their base. 

Offline kramarat

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Re: the "supposed" fiscal cliff
« Reply #4 on: January 27, 2013, 12:55:07 PM »
They call it a "supposed" fiscal cliff, because according to king Obama, if we eliminate the debt ceiling and give him unlimited spending power, there will be no more cliff, and everybody will live happily ever after.

Offline kramarat

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Re: inconceivable
« Reply #5 on: January 27, 2013, 01:00:09 PM »
mmmm, if "300 billion in tax increases (or tax cut expiration) and 300 billion in spending cuts" is a fiscal cliff in a growing economy, what is a 1.7 trillion dollar (or 1.4 trillion if you want) spending cut in an economy collapsing at -8.9% rate?

fiscal abyss?
fiscal cliffs of insanity?

can you believe that Q4 2008 GDP was -8.9 %, job losses were 2.1 million for Nov 08 to Jan 09 and starting  1/20/2009, one party was screaming to balance the budget by cutting spending.  Lucky for America, republicans were only pandering to their base.

Despite the fact that all you want to do is argue, I'll give you that one.

Bush should have raised taxes somewhere, along with government cuts, to pay for the war. We should have been paying for it from day 1.

Online Solar

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Re: inconceivable
« Reply #6 on: January 27, 2013, 01:03:06 PM »
mmmm, if "300 billion in tax increases (or tax cut expiration) and 300 billion in spending cuts" is a fiscal cliff in a growing economy, what is a 1.7 trillion dollar (or 1.4 trillion if you want) spending cut in an economy collapsing at -8.9% rate?

fiscal abyss?
fiscal cliffs of insanity?

can you believe that Q4 2008 GDP was -8.9 %, job losses were 2.1 million for Nov 08 to Jan 09 and starting  1/20/2009, one party was screaming to balance the budget by cutting spending.  Lucky for America, republicans were only pandering to their base.
Yet somehow killing industry is going to grow the economy?
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Offline Vern

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you and solar have been a big help
« Reply #7 on: January 27, 2013, 01:21:39 PM »
"Bush should have raised taxes somewhere, along with government cuts, to pay for the war"

but he didnt so why even bother posting that. kram, what I did was compare a previous republican narrative (cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression) to the thread topic of 'fiscal cliff'.  how convenient you are not addressing my point.   

"Despite the fact that all you want to do is argue, I'll give you that one"

give me one what?  I like to point out the hypocrisy and ignorance of the republicans and their base.   Now if 300 billion in tax increases and 300 billion in cuts is a fiscal cliff, what is "cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression"? 

should I wait up?


Online Solar

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Re: you and solar have been a big help
« Reply #8 on: January 27, 2013, 01:27:02 PM »
"Bush should have raised taxes somewhere, along with government cuts, to pay for the war"

but he didnt so why even bother posting that. kram, what I did was compare a previous republican narrative (cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression) to the thread topic of 'fiscal cliff'.  how convenient you are not addressing my point.   

"Despite the fact that all you want to do is argue, I'll give you that one"

give me one what?  I like to point out the hypocrisy and ignorance of the republicans and their base.   Now if 300 billion in tax increases and 300 billion in cuts is a fiscal cliff, what is "cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression"? 

should I wait up?
Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.
So tell me again, how he is cutting spending?
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Offline Vern

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I bet he still cant follow it
« Reply #9 on: January 27, 2013, 02:38:44 PM »
"Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.
So tell me again, how he is cutting spending?"

er uh solar, you are not really following the point.   But dont worry, I deal with republicans all the time. What you have to do is read what I post very slowly. You have an emotional need to believe what I post is not true so your brain will trick you. 

Lets review
Thread topic was about the fiscal cliff. 
the fiscal cliff is the commonly held belief by literally every economist and politcian that that a combination of tax increases and spending cuts could push the economy into recession.  (see Britain's triple dip recession as proof)
So I reminded the board that on Jan 20, 2009, republicans became concerned about deficits and started screaming to cut spending to balance the budget.

So using the Budget Deficit of 1.4 trillion, (treas dept says 1.9 trillion), what would a 1.4 trillion dollar spending cut do to an economy with -8.9 % GDP. 

If you want, we could use the projected budget deficit of 1.2 trillion before President Obama took over.  what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP. 

Online Solar

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Re: I bet he still cant follow it
« Reply #10 on: January 27, 2013, 05:53:25 PM »
"Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.
So tell me again, how he is cutting spending?"

er uh solar, you are not really following the point.   But dont worry, I deal with republicans all the time. What you have to do is read what I post very slowly. You have an emotional need to believe what I post is not true so your brain will trick you. 

Lets review
Thread topic was about the fiscal cliff. 
the fiscal cliff is the commonly held belief by literally every economist and politcian that that a combination of tax increases and spending cuts could push the economy into recession.  (see Britain's triple dip recession as proof)
So I reminded the board that on Jan 20, 2009, republicans became concerned about deficits and started screaming to cut spending to balance the budget.

So using the Budget Deficit of 1.4 trillion, (treas dept says 1.9 trillion), what would a 1.4 trillion dollar spending cut do to an economy with -8.9 % GDP. 

If you want, we could use the projected budget deficit of 1.2 trillion before President Obama took over.  what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP.
You live in La La land, unless we cut spending, there is no such thing as balancing the budget.
What part of wasting nearly a trillion on a failed energy policy and killing the coal industry, do you not understand?

If you don't have any money in your account, you don't write checks, it's that simple and you definitely don't close your most productive business.

And for you information, I'm not a damned Pub! I'm a Conservative.
Koolaid is for kids, TEA is for adults

Offline The Boo Man...

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Re: the "supposed" fiscal cliff
« Reply #11 on: January 27, 2013, 06:19:49 PM »
Verne doesn't understand that every dollar the government spends is a dollar taken of of the private sector.


Offline Vern

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the "supposed" brave little pubs won't answer
« Reply #12 on: January 28, 2013, 03:34:01 AM »
Verne doesn't understand that every dollar the government spends is a dollar taken of of the private sector.

They call it a "supposed" fiscal cliff, because according to king Obama, if we eliminate the debt ceiling and give him unlimited spending power, there will be no more cliff, and everybody will live happily ever after.

ah the silly little pubs with their silly litte deflections.  I asked a straightforward question. If you cant answer why bother posting? Ah but the silly little pubs cant help themselves, they have to say something anything to the clever Vern. He thinks he so smart.     

again for the brave little pubs, what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP?   

Online Solar

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Re: the "supposed" brave little pubs won't answer
« Reply #13 on: January 28, 2013, 08:11:08 AM »
ah the silly little pubs with their silly litte deflections.  I asked a straightforward question. If you cant answer why bother posting? Ah but the silly little pubs cant help themselves, they have to say something anything to the clever Vern. He thinks he so smart.     

again for the brave little pubs, what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP?
Get over yourself and your need to justify Hussein taking us over the edge.
You do not direct this thread let alone forum, nor do you dictate who answers what questions.
However, I asked you a question and you completely ignored it, not wise.

So let me ask, do you think Husein is using good policy to print money, borrow money endlessly all the while running up the tab?
Or would it be better to cut back on spending and live within your means all the while paying back your creditors?

It really is a simple question, no catch, no twist of words, just a straight forward question.
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Online Solar

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Vern Lost In LaLa Land
« Reply #14 on: January 28, 2013, 09:07:45 AM »
"Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.
So tell me again, how he is cutting spending?"


Case in point, proof your master is killing the producers of income and the jobs that go along with it.

Chase Power, the parent company behind the $3 billion Las Brisas coal power plant in Corpus Christi, Texas, announced yesterday that it was cancelling the project.

“Chase Power … has opted to suspend efforts to further permit the facility and is seeking alternative investors as part of a plan of dissolution for the parent company,” Chase CEO Dave Freysinger told the Corpus Christi Caller-Times.

Freysinger made it very clear who was responsible for the projects death. “The (Las Brisas Energy Center) is a victim of EPA’s concerted effort to stifle solid-fuel energy facilities in the U.S., including EPA’s carbon-permitting requirements and EPA’s New Source Performance Standards for new power plants,” he said.
http://washingtonexaminer.com/obama-epa-kills-power-plant-3900-jobs-in-texas/article/2519575#.UQavKIYsssz
Koolaid is for kids, TEA is for adults

 

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