Obama wants to go over the fiscal cliff? (legal, Clinton, leader)

[wildflower82]

What happens when Russia and China want payment........and all the government owns is other peoples stuff. When the payment comes due and we don't have it to give, I don't think these two countries will be so kind.

I can't believe Obama would like to make it worse.....why would this be??

[emcee squared]

Originally Posted by BigJon3475

The Cliffâ„¢ is the proverbial branch that you're going to be smashing into all the way down the ugly tree.

All paths lead to the same outcome. Your economy faltering and being recessionary for decades.

In that case, I hope there is a big pile of leaves at the bottom so we can survive and walk away.

[Huckleberry3911948]

the pied piper is betting that the people will continue to believe there is no cliff.

[BigJon3475]

Originally Posted by emcee squared

In that case, I hope there is a big pile of leaves at the bottom so we can survive and walk away.

There could be a big pile of leaves but it won't be with anything that's being proposed now.

As far as I can see you're heading for a dried-up pile of red clay and rocks Appalachian style.

[emcee squared]

Originally Posted by 3~Shepherds

What happens when Russia and China want payment........and all the government owns is other peoples stuff. When the payment comes due and we don't have it to give, I don't think these two countries will be so kind.

I can't believe Obama would like to make it worse.....why would this be??

For the foreseeable future, China can't demand payment. Our economies are very intertwined. We buy their cheap crap and they make it. Without us, they lose a major partner and without them, we lose our source of cheap crap. If, and most likely when, they become more diversified and self-sufficient, I'd begin to be worried. My take on the situation, anyway.

[emcee squared]

Originally Posted by BigJon3475

There could be a big pile of leaves but it won't be with anything that's being proposed now.

As far as I can see you're heading for a dried-up pile of red clay and rocks Appalachian style.

The partisanship going on now is more like a sharp rock at the bottom, I know...

[marcopolo]

Originally Posted by Goodnight

If the house refuses to let the top marginal rate go from 35 to 39% and is willing to let the middle class get dragged into a tax increase, good luck in 2014. Take that message to the voters that millionaires can't afford a 4% tax increase and we will be a one party nation.

Yeah, I almost think the best course of action is to let Obama have every single thing he wants on tax policy. The current income tax system is steeply progressive--the top 5% pay 60% of all income tax although they only make 30% of the money. But go ahead, take that top 2%, which pays about 45% of all income tax dollars collected, and run their share up by another third. Run the tax on dividends up from 15% to 43%.

By 2016, the smoking wreckage that used to be the US economy might help assure a different kind of one-party nation.

[whogo]

At some point politicians will have to abide by economic laws.

[malamute]

Obama isn't a leader that can bring anyone together, he's the Great Divider. He despises the middle class and really doesn't care who is destroyed.

You don't see him doing a thing about the "fiscal cliff" but it's right around the corner.

[BigJon3475]

Originally Posted by whogo

At some point politicians will have to abide by economic laws.

I'd make sure people understand they're not just economic laws, they're laws of physics, the laws of the universe.

People may not be able to see them easily in their daily lives but they're there no matter what their cognitive abilities are.