[jdsteel]

The thing that drives me crazy is all of the reports that say “increased taxes and spending cuts will hurt the economy”. Spending cuts will NOT hurt the economy. Increased taxes will.

[Texas Fossil]

Programmers don’t even use flow charts today.

[traditional1]

I'll say it again: we have a 1-Party System now, with (R) and (D) on the same protect-our-jobs-mentality, maintain Power, and use Taxpayers to buy our positions.....NOTHING will improve this way, and it will be RAISE TAXES, RAISE the Debt Limit, don't cut handouts (especially to blacks and Illegals),and stifle the Economy.

Payoffs to favored contributors (Unions, Banks, Foreign 3rd World Slugs, etc.) is the "American Way" today and for the forseeable future.

[PowderMonkey]

Umm...crystal ball sez "11th hour short-term faux solution. Can continues its journey down the road." Quelle surprise.

[Red Badger]

Here's what will REALLY happen:

[sevinufnine]

Fiscal Cliff?

[lacrew]

I think we’ve already gone over the cliff.

We can’t pay our bills, unless we borrow more money?

That’s the cliff.

We’ve been falling off of it for a long time.

None of the ‘theater’ going on in Washington has anything to do with reducing debt....none of it. They’re just arguing over which method is best to go further into debt.

Its not alot different than a broke guy with maxed out credit cards calling around, trying to get his limit raised.

[alloysteel]

Recession? The economic climate shall improve so much that we ONLY have a recession?

We are in a major DEPRESSION, which is going to continue with no end in sight, much like the New Deal era about the year 1936. Coincidentally, a huge new tax had also been passed about that time, which was to take effect immediately, but it was for a program that would not take effect until a couple of years later, much like the “Patient Protection and Affordable Care Act of 2010”, but on a much smaller scale. Social Security levied a tax of 2% against wage incomes up to what we would think of as a very modest level today, starting with Dollar One. In a time when average annual wages were about $600 a YEAR, the wage earner was assessed $6 of that, and his employer was supposed to kick in another $6 a year. But who is kidding whom, the entire amount came out of the pool of money the employer set aside for payrolls, so the real income the wage earner was getting was actually $606, of which the net was $594. And out of this he had to feed, clothe and house his family. Not much left over to run that $5 Model T he was forced to use for transportation to work, buying twelve-cent-a-gallon gasoline. Either that, or the trolley ride to work was five cents each way.

Same situation today, except the numbers are a lot bigger now.

[Tenacious 1]

Hey, Let’s use “swim lanes” next time. They are more in vogue.

[PGalt]

Thanks to all posters here and at zh...

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