Author Topic: Would It Really Be All That Bad?  (Read 532 times)

Offline Solar

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Would It Really Be All That Bad?
« on: December 04, 2012, 07:35:37 AM »
If automatic spending cuts went into effect as claimed in this article.
I ask, because the alternative is more printing and borrowing, which the private sector abhors.
Of course both have severe consequences, but were still in a depression/recession, so I would think Govt being forced to live within in means would be better than the alternative.

What do you think?

Quote
Political haggling in Washington over the "fiscal cliff" remained the primary focus of investors. Unless Congress acts, some $600 billion of sharp spending cuts and tax hikes will take effect starting in January, which could tip the U.S. economy into recession.
http://www.reuters.com/article/2012/12/03/us-markets-global-idUSBRE88901C20121203


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Offline JustKari

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Re: Would It Really Be All That Bad?
« Reply #1 on: December 04, 2012, 07:49:23 AM »
I am thinking it has to happen at some point.  I think if we don't make some serious cirrective measures, we are only prolonging the pain.  Which would you rather have, a bandaide removed slowly, or just ripped off to get it over with?

Offline Solar

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Re: Would It Really Be All That Bad?
« Reply #2 on: December 04, 2012, 08:47:02 AM »
I am thinking it has to happen at some point.  I think if we don't make some serious cirrective measures, we are only prolonging the pain.  Which would you rather have, a bandaide removed slowly, or just ripped off to get it over with?
That's what I'm thinking, we need a wake up call and a good shock may be just what it takes.
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Offline Trevor Laky

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Re: Would It Really Be All That Bad?
« Reply #3 on: December 08, 2012, 10:59:41 AM »
Great post! Going over the Fiscal Cliff is the only thing that can save what few fibers this country has of a Free Market.  Get the government out of our economy.  #ParachuteReady
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Offline Solar

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Re: Would It Really Be All That Bad?
« Reply #4 on: December 08, 2012, 11:56:46 AM »
Great post! Going over the Fiscal Cliff is the only thing that can save what few fibers this country has of a Free Market.  Get the government out of our economy.  #ParachuteReady
I'm ready, I have all the provisions at hand if the worst were to occur.

Cancer is a funny animal, sometimes you just have to amputate to avoid a long and painful death.
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