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fiscal cliff
Posted: December 27th, 2012, 3:47 pm
by From the class of 09
This is really getting ridiculous, failing to act is only going to hurt everyone and if they really allow cuts across the board they truly all deserve to be fired/impeached/put in stockades. Best example I have of what will happen is if your household suddenly had a 40% reduction in income and instead of cutting back by not taking vacation, not eating out, doing more shopping at Wal-Mart ect; you just sent in 60% of your payments 60% to the mortgage company 60% to the electric company. You can imagine how well that would work. It’s simply not how you run any organization.
One of the more random problems that is going to arise from our representatives lack of action is that the farm bill is also being ignored (largely because it deals with the budget) which will result in the roll back to a WWII rationing law that requires dairy farmers to sell their milk to the US government who in turn sells it to distributors, however the price the US government buys the milk at will be between $7-8 a gallon. The law was based off the cost of production in the 1940's.
http://www.nytimes.com/2012/12/21/us/mi ... .html?_r=0
Re: fiscal cliff
Posted: December 27th, 2012, 7:21 pm
by jbock13
But I thought it was
Bush tax cuts for the rich... at least that's what I was told to believe for 10 years...

Re: fiscal cliff
Posted: December 27th, 2012, 8:31 pm
by From the class of 09
What?
Re: fiscal cliff
Posted: December 27th, 2012, 10:09 pm
by Purple Haize
jbock13 wrote:But I thought it was Bush tax cuts for the rich... at least that's what I was told to believe for 10 years... 
Yeah Dick Chaney forced Obama Pelosi and Reid to extend them! He is pure evil that Chaney fellow
I disagree with every premise of this debacle.
1. As reflected in revenue to the government we have an increase in $$$ coming into the Gov't. Ergo we have a spending problem
2. Obamas idea does nothing to address the deficit or heaven forbid the debt. This is only about the perception of fairness
3. What is fair? When was life supposed to be fair? So since we want fairness could we have a definition? Fairness would be EVERYBODY paying wouldn't it? Now whether everybody pays the same $$ amount or same % then that would be fair.
4. America on the whole voted for Obama. The House is not run by America on the whole. Look at the electoral map. Lots of Red House seats. You were voted in to oppose Obamas silly games, so oppose them
5. I hope someone challenges Bahnor (sp) for Speakership. Between this debacle, the purging of Conservatives and the looming Debt ceiling debacle this guy has proven ineffective.
Re: fiscal cliff
Posted: December 28th, 2012, 9:53 am
by ALUmnus
Haize, you should just put (sp?) at the end of all of your posts. Better yet, just make it your signature.
Re: fiscal cliff
Posted: December 28th, 2012, 11:38 am
by jbock13
You know I was being sarcastic, right?
The simple solution is a flat, consumption based tax. Eliminate the income tax. 15% of all goods you buy. But God forbid we ever do something so simple.
Re: fiscal cliff
Posted: December 28th, 2012, 11:47 am
by Purple Haize
ALUmnus wrote:Haize, you should just put (sp?) at the end of all of your posts. Better yet, just make it your signature.
Ha. I knew I was spelling his name wrong but couldn't think of it's proper spelling.
....and I hate Grammar Nazi's...more than Illinois Nazi's!
Re: fiscal cliff
Posted: December 28th, 2012, 1:43 pm
by ALUmnus
Purple Haize wrote:....and I hate Grammar Nazi's...more than Illinois Nazi's!
It's "Nazis", no apostrophe.
Re: fiscal cliff
Posted: December 28th, 2012, 1:52 pm
by Purple Haize
Sarquasim escapes ewe
Re: fiscal cliff
Posted: January 4th, 2013, 12:59 pm
by adam42381
Maybe we should stop providing sports teams with free public funds.
http://www.sportsonearth.com/article/40595178/
Re: fiscal cliff
Posted: January 4th, 2013, 5:20 pm
by RubberMallet
not reading all that. but we probably should do something other than only cutting 18 billion from the budget and increasing revenues by 600 billion.
Re: fiscal cliff
Posted: January 4th, 2013, 7:17 pm
by adam42381
Obviously it's not going to solve the problem, but it would be a decent starting point.
Re: fiscal cliff
Posted: January 4th, 2013, 8:03 pm
by jbock13
I agree. Sportsowners have been able to use the myth of Keynesian multiplier effects to swindle local and state governments into building new stadiums for them. The Minnesota Vikings owner Zygi Wilf is a perfect example of this. So whether you're buying tickets are not, in effect you're still subsidizing the sports team in your location.
It's also worthy of note that privately financed ballparks are built much better than those publically financed. Imagine that! The private sector accomplishing what government couldn't. AT&T park in San Francisco is a great example if this. Meanwhile, the 49'ers are stuck at the Stick for now because they don't want to pay for their own stadium. (I've heard they might move to Santa Cruz).