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| Posted by | Message | Libertariantiger 
LSU Fan
Member since Nov 2012
122 posts
| So, I'm trying to fully form an opinion on fiscal cliff... (Posted on 11/20/12 at 5:26 pm)
I have yet to fully come up with a logical, LIKELY end to this mess. Most effective thing would be lock them all in a room and ....... But that's not reality. I assume these options, tell me what I need to think on.
1. Fiscal Cliff run off. This seems unlikely, and short term catastrophic from what I have read, learned. It would raise taxes while cutting spending which neither side wants. It would take over half a trill out of the GDP and economy. That would lead to loss of jobs, debt downgrades, and full blown recession. Not likely as neither side wants this, but might would be best for long term nation health.
2. I assume the repubs have already lost on the tax hikes for upper earners. They suck at the fight. Will the whimper down to press pressure and allow more spending, larger debt, and rolling down same path of short term making it, while pushing a huge problem down the line.
3. I am thinking the most likely scenario is the tax cuts paired with spending freezes or marginal increases. Will this get us anywhere? I would hope the repubs will force the admin into a budget, something they have not wanted to do.
These are the only likely scenarios I see. Does anyone see something different? The last two are most likely, what effect will they have, why? Is there anything to indicate our luck with the interest rate will run out, like a five pt bump, if this happens? I'm trying to really understand the uproar, other than if number one option happens.
| | Back to top | Share on  | lsuroadie
LSU Fan
South LA
Member since Oct 2007
3766 posts
 Online
| re: So, I'm trying to fully form an opinion on fiscal cliff... (Posted on 11/20/12 at 5:56 pm to Libertariantiger)
It gets bumped for 6 mos or even 12.
They are all incompetent jack offs incapable of making the tough decisions the country needs
And if a politician stands up to say and says what needs to be done he's voted out and demogogued to death
| | Back to top | | Tim
LSU Fan
Texas
Member since Jan 2005
5321 posts
| re: So, I'm trying to fully form an opinion on fiscal cliff... (Posted on 11/20/12 at 5:56 pm to Libertariantiger)
quote:
I am thinking the most likely scenario is the tax increases paired with spending increases or huge increases.
FIFY
| | Back to top | | JohnnyKilroy 
North Carolina Fan
Member since Oct 2012
5134 posts
| re: So, I'm trying to fully form an opinion on fiscal cliff... (Posted on 11/20/12 at 6:25 pm to lsuroadie)
quote:
And if a politician stands up to say and says what needs to be done he's voted out and demogogued to death
Probably my single biggest complaint about national politics. Unless you're for increasing or expanding "X" you're labeled as someone who hates or is anti-whoever benefits from "X". This is rampant among both sides.
I've told the story on here a few times about the republican congressman from GA who wanted to drop the US army/national guard sponsorship of dale jr's stock car (21 mil/yr). In his words, he was labeled a "military hater" by fellow republicans.
This is why a true libertarian will never make it on the big stage. Wayyyyyy too easy to demagogue them to hell and back. For an example of this, check out Lawrence odonnell's interview of Ron Paul. Paul's opposition to the CRA is discussed and whenever Paul attempted to explain why he takes his stance Larry essentially sticks his fingers in his ears and screams over him "YOU'RE RACIST! YOU'RE RACIST! YOU'RE RACIST!"
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