Obama, Republicans, lobbyists and voters all have erected hurdles to fiscal cliff solution

  • Article by: CHARLES BABINGTON , Associated Press
  • Updated: November 19, 2012 - 2:50 AM
  • 51
  • Comments

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swmnguyNov. 18, 12 9:28 AM

"The Fiscal Cliff" is a huge bunch of baloney. There's no reason all or any of this stuff has to be done before 12/31/12. It's a contrived emergency designed to force a massive diversion of wealth upward, yet again. If the overall "Fiscal Cliff" issues are settled the way the Financial Elites are pushing, it will plunge the nation into a Depression the likes of which we haven't seen since the 1930s, if not longer. Killing what's left of consumer demand in a consumer-driven economy is a terrible idea. Just because the global elite bond market tycoons want us to privatize Social Security and Medicare so they can get their hands on that money too is no reason to do it. Cutting government employees right now guts the middle class. Business isn't going to spend money because they get a tax cut; they'll spend it to beef up production if there is a rise in demand. Nearly half of Americans already make little enough they don't have to pay income tax, so giving them a tax cut doesn't matter, and they still don't have enough discretionary money left over to fuel demand growth.

This whole thing was set up by Congress anyway. It's completely artificial. We got out of the last Depression by deficit spending and taxation far above what we are doing now. Our timid catering to the financial elites is what is crippling any "recovery" today. More catering to the financial elites will usher in a new form of feudalism.

Let's go right over "The Fiscal Cliff." When the retirees who already paid for their Social Security and Medicare start getting notices that their benefits are going to be reduced or taken away to benefit the elites, they'll raise Cain and then we'll get some serious action, instead of this partisan focus-group nonsense.

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contrarybaryNov. 18, 12 9:29 AM

Let is go over the cliff. All we heard from Obama, Clinton, Reid and others was how good things were during the Clinton years when the tax rates were higher. Well, let's go back to them.

Frankly, our friends in the media have created this "fiscal cliff" scare to assist the Dems in raising taxes. Finally, notice how the dicussion from left is all about raising taxes on the wealthy? Where is the substance on the spending cuts? Raising taxes on the wealthy and cutting defense isn't going to get it done.

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timandtiaNov. 18, 1210:15 AM

Stand tough Republicans. Remember, we are better at fiscal responsibility, unless you want a democrat "welfare country". I wonder when/if we become a welfare country, who is going to pay to maintain it?

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obamafone4meNov. 18, 1210:28 AM

Let er go! Time for ALL to start pulling the wagon for a while. Even the so-called poor in this country, who receive about $20,000 per year in benefits paid by the producers in this country ought to pay their fair share.

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russ999Nov. 18, 1210:28 AM

"Stand tough Republicans. Remember, we are better at fiscal responsibility"

since when? There hasn't been a fiscally responsible republican since Eisenhower.

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ranger78Nov. 18, 1210:33 AM

There are no real hurdles. Republicans will capitulate and give Obama what he wants.

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cks1950Nov. 18, 1210:49 AM

The presumption is that Obama wants what's best for the country. Maybe, or maybe he would be just fine with the country going over the "fiscal cliff" to score percieved political points, regardless of the massive hit to an already terrible unemployment picture & the gdp. Completely off base?, perhaps - but he put Obamacare & other political goals ahead of prioritizing getting 23,000,000 unemployed/underemployed Americans back to work. Instead, he pushed a political agenda of pounding home the end of tax cuts for high income earners, even though he knows that should he be successful, ending them would only cut the annual deficit by 8%(CBO). $85-90 billion dollars no small amount, but the government would have taken in much more than that if more effort had been undertaken to work with business to improve the economy due to more people returning to work. What did the voters do?, they proved by re-electing him that, rightly or wrongly, it's ok with them that he take no responsibility & simply blame someone/anyone for founr entire years. Since he now knows that voters approved of this tactic, perhaps he believes he can score more political gain by sticking to his guns on ending tax cuts for the wealthy & if it results in going over the cliff, he may well think, & perhaps correctly, that once again the nation will give him a free pass & no matter the additonal pain the nation incurs, they will continue to blame the other guy.

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cks1950Nov. 18, 1210:53 AM

RUSS999: "Since when, there hasn't been a fiscally responsible republican since Eisenhower. " ____ I hate to agree with you. It makes you wonder why we need two big spending parties, when one is too much.

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ti1310Nov. 18, 1212:29 PM

---- We got out of the last Depression by deficit spending and taxation far above what we are doing now. Our timid catering to the financial elites is what is crippling any "recovery" today. More catering to the financial elites will usher in a new form of feudalism.--- We got out of the depression by funding and fighting WW2, and when it was done we were the only economy left standing the world had to buy from us. So by your thinking we should increase spending for the military and expand the war effort? After all swmnguy that is what got us out of the last depression....

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ti1310Nov. 18, 1212:33 PM

---- Cutting government employees right now guts the middle class.-- So swmnguy the only middle class in America are Govt employees? Really? I am pretty sure that the middle class families that are working in the private sector would take issue with that... Not to mention that you are taking money out of their paychecks to pay for your middle class Govt employees.

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