would the fiscal cliff be so bad? | TigerDroppings.com

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The Hamburglar
LSU Fan
McDonaldland
Member since Jan 2005
3038 posts

would the fiscal cliff be so bad?


Tax hikes and budget cuts seem like a win-win situation for both parties? Dems get their taxes, Repubs get their budget cuts. I personally would like to see the bottom drop out of this whole thing. Its going to happen sooner or later, might as well take the licks now and move forward.


This post was edited on 12/3 at 9:27 am



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lsu13lsu
LSU Fan
Member since Jan 2008
1869 posts

re: would the fiscal cliff be so bad?


It would actually be much better long term. I think there was a recent CBO report that said as much. But, politicians don't get elected by doing what is best for the long term.





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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2348 posts

re: would the fiscal cliff be so bad?


I understand that to some degree, but the cuts won't really hit entitlements. So Repubs won't really get the cuts they want.

Plus the economy will tank, pushing down government revenues, thus increasing the deficit. So it would sort of defeat the purpose.






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
35418 posts

re: would the fiscal cliff be so bad?


quote:

Tax hikes and budget cuts seem like a win-win situation for both parties?


Sure maybe for both parties but not for Americans. We don't need tax increases we only need spending cuts. Massive cuts.






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IceTiger
USA Fan
OKC
Member since Oct 2007
9170 posts

re: would the fiscal cliff be so bad?


The cut is 450 billion to military...


Meanwhile, the military is being asked to step it out with less capability...won't be long until massive capabilities are lost like

Chem defense
MC-12
Army battalions
Naval research
Nuclear defense






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Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
9868 posts

re: would the fiscal cliff be so bad?


quote:

Tax hikes


The problem is the tax hikes are there so dems can just continually spend more money on stupid shite. It isn't like they are going to use it responsibly.

I pay a good chunk of taxes every year. It wouldn't be nearly as frustrating to hear the idea of raising taxes if it came along with government financial responsibility.






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Zach
LSU Fan
Member since May 2005
62899 posts

re: would the fiscal cliff be so bad?


I just got an email from the WH that says it would be bad. And they want my help in describing how bad it will be.

The email explains to me that I'm gonna have my taxes raised 2K (actually 3K in my bracket). The WH wants me to compose an email to my congressman (an evil republican) explaining all the hardships I'll endure if I lose that extra 3K. I could write about no Xmas gifts for the children. No food on the table. Can't make the mortgage and lose my house, etc.






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lsu13lsu
LSU Fan
Member since Jan 2008
1869 posts

re: would the fiscal cliff be so bad?


quote:

Zach


People may have to give up the smart phones, extra tvs with extended cable, may have to bring their lunch to work a few days a week, say no to their kids a little more, not take that extra vacation or go to all the sporting events for pro and college teams. It will be chaos.

I don't get all of this burden on the rich only. Everyone should do their part or no one.






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Zach
LSU Fan
Member since May 2005
62899 posts

re: would the fiscal cliff be so bad?


quote:

People may have to give up the smart phones, extra tvs with extended cable, may have to bring their lunch to work a few days a week, say no to their kids a little more, not take that extra vacation or go to all the sporting events for pro and college teams.


But what if you're already living the austere lifestyle. I don't have a smart phone. I only have 1 TV. I cook every day; rarely eat out. Don't have any kids to say 'no' to. Haven't been on a vacation in 12 years. Haven't been to a sporting event 2 years.

And don't tell me to give up Starbucks cause it ain't gonna happen.






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lsu13lsu
LSU Fan
Member since Jan 2008
1869 posts

re: would the fiscal cliff be so bad?


quote:

But what if you're already living the austere lifestyle. I don't have a smart phone. I only have 1 TV. I cook every day; rarely eat out. Don't have any kids to say 'no' to. Haven't been on a vacation in 12 years. Haven't been to a sporting event 2 years.

And don't tell me to give up Starbucks cause it ain't gonna happen.


Well first, I would tell you that you are my hero. I am striving for that lifestyle. I just paid off my truck way early, now about to pay off my student loans. Bring my lunch to work everyday so I don't use gas or extra money on eating out. Gave up my smart phone for just talk and text but if things go well my employer may take over my plan.

Among people I know, we are in the minority. And I know maybe one that makes over $250K.



This post was edited on 12/3 at 11:03 am


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SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
3478 posts

re: would the fiscal cliff be so bad?


quote:

Dems get their taxes


immediate

quote:

Repubs get their budget cuts


reductions in the rate of growth over a decade


Yet another lose-lose situation the republicans have placed thamselves(and all of us) in.






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