Moses Mobetta
Well-Known Member
Are things going to get a lot worse or does the current administration have it all under control in their socond term ?
Fiscal Cliffhanger
- Thread starter Moses Mobetta
- Start date
ChesusRice
Well-Known Member
going to let the fiscal cliff come. let the Bush Tax cuts expire
Then they're going to have the republicans come begging to reinstate some tax cuts for the middle class
Then they're going to have the republicans come begging to reinstate some tax cuts for the middle class
cannabineer
Ursus marijanus
Imo the administration is like a rodeo rider.
1) Everybody's eyes are on the hat while it's the bull or bronc doing the real work.
2) The guy in the saddle's just hanging on for the ride and hoping to stay on top for the full eight.
cn
fb360
Active Member
That's an interesting take. So the bull or bron is small business or what?
IMO things will not get better until we get our priorities straight.
as someone who has seen high-end research, I think we are dragging our feet in our current times. We should have free energy by now. Literal FREE energy... We should have our eyes set on find a way to distribute our current population before it consumes the only known place we can survive
Harrekin
Well-Known Member
Just for the record, I can confirm that fb360 is not a liar and actually does work on some cool shit.
UncleBuck
Well-Known Member
he's still uber-trollable though.
UncleBuck
Well-Known Member
Hi, boys!
reported for uber-douchery.
nontheist
Well-Known Member
Ironically the "fiscal cliff" is the only compromise congress has made and all honesty probably what we need. Judging from what both have to say it looks like they feel the same cutting 500billion of fat from both sides is a plan even if it isn't the best it's something.
RyanTheRhino
Well-Known Member
Nothing is going to happen. There is no cliff it's just the media blowing things out of proportion again. Is it important yes, but it's not a bullet in the chamber while we play Russian roulette.
Taxes will go up on everyone, a lot for those above 250K , less for 35k-250k, and yet less for x<35k. Taxes will go up on everyone but middle and lower income classes will most likely see a break and not notice any change.
The republicans will fight for the lowest tax increase they can get. They will turn around to the sheep and say how they lowered taxes. They will not lower taxes at this point they are just hypothetically lower then what it could of been. It will still be higher for all.
They are supposed to compromise on balancing social welfare and tax rates; however the democrats say health care is off the table and the republicans say tax hikes are off the table for compromise. SO what the hell are they going to make a deal on then.
Taxes will go up on everyone, a lot for those above 250K , less for 35k-250k, and yet less for x<35k. Taxes will go up on everyone but middle and lower income classes will most likely see a break and not notice any change.
The republicans will fight for the lowest tax increase they can get. They will turn around to the sheep and say how they lowered taxes. They will not lower taxes at this point they are just hypothetically lower then what it could of been. It will still be higher for all.
They are supposed to compromise on balancing social welfare and tax rates; however the democrats say health care is off the table and the republicans say tax hikes are off the table for compromise. SO what the hell are they going to make a deal on then.
nontheist
Well-Known Member
Exactly, our government has to get back to per-recession size and this is the best way to do it this is libertarians wet dream(excluding the taxes) no one is going to compromise. Rich will be taxed more, military downsized, ridiculous social spending snipped and democrats and republicans can't get their hand back in the cookie jar until they're ready to compromise which hopefully wont be for 4 more years maybe we can shed some of the far left and right wing nuts. Its a win win
RyanTheRhino
Well-Known Member
I guess my point is taxes are going to be higher regardless so just do it already.
canndo
Well-Known Member
Should is the operative word. Free energy would so funamentaly transform our economy that it cannot and will not be ever allowed to happen. No free energy for you (or me), That I can assure you.
canndo
Well-Known Member
RyanTheRhino
Well-Known Member
you know how banks give you less then 1% interest. Well inflation is higher. So you are really paying them 2% in interest per year
cannabineer
Ursus marijanus
I was thinking of the legislative apparatus as the bull/bronc.
And I have seen nothing credible suggesting free or even cheap nonfossil energy on the horizon. I'd love that ... but my HPS doesn't run on wish. cn
cannabineer
Ursus marijanus
Not really. Marginal tax rates have been sharply pruned, and the "taxflation" of the 70s no longer obtains. cn
Johnny Retro
Well-Known Member
It makes perfect sense. But I wouldn't expect a liberal hack to understand economics..no matter how elementary.
canndo
Well-Known Member
How about an explaination rather than an insult. this is akin to my saying that I can't expect anyone who does not own or run a sucessful business to know anything about economics - I would of course be wrong.
Taxing inflated incomes with inflated tax numbers does not increase the rate of taxation. That is unless you want to claim that inflation itself is taxation and that is not what you seem to have said.
Johnny Retro
Well-Known Member
That is what nodrama was saying. Inflation is a tax. The value of your dollar decreases while goods and services increase. Current 5 year TIPS (treasury inflation protected securities) are around -1.4%. You pay the government that yield every year for protecting your money from inflation...
