[DonaldC]

I say go over the cliff. Unless we talk about stalling obamacare, we are going over it anyway.

[fatnotlazy]

We ARE in a recession. We never got out of a recession.

[The Sons of Liberty]

CBO: "Fiscal cliff" would spark recession

Someone should advise the members of the CBO, in their Ivory Tower, that outside the beltway, the recession never ended and has become The 0bama Depression.

[BillT]

I don't think we really left the last one, are you sure that the REcession is not going into a DEpression!

After all we do keep changing how we crunch the numbers to get what we want out of them. /sarcasm

[realcleanguy]

Oh Tell me, O great Obama the Messiah, when exactly did the recession end again? You said it ended in March if 2009, and yet it seems to have gotten worse. Why did you lie to us, O Great One Messiah Obama? Tell us why you lied, O Messiah Obama?

I just had to get that off my chest. I really hate liars

[lodi90]

This is the “Blame the obamacare recession on the GOP House” page from the marxist playbook. FUCBO.

[NittanyLion]

I think we should let it happen. Let’s go over the cliff. Biggest impact it to the “Bush tax cuts for the rich” and military. Liberals should be thrilled.

[E. Pluribus Unum]

"Spark" a recession?

WTF are we in?

[cotton1706]

SCARE TACTIC!! SCARE TACTIC!! WORKED IN 2008!! LET’S TRY IT AGAIN!! MUST NEVER CUT SPENDING!! MILK PRICES WILL SKYROCKET!! BUT WE DON’T GIVE A DAMN ABOUT GAS PRICES!! SCARE TACTIC!! SCARE TACTIC!! WORKED IN 2008!! LET’S TRY IT AGAIN!!

[Lorianne]

http://williambanzai7.blogspot.com/2010/08/dr-bens-custom-keyboard.html

Bernanke's keyboard

[a fool in paradise]

“..and cause a spike in the jobless rate to 9.1 percent by next fall.”

As if the jobless rate isn’t ALREADY 9.1%.

[ScottinVA]

Another stock-market ass-kicking today (it’s all working out so friggin’ well)....

DOW..........12811.32..-121.41.....-0.94%
NASDAQ...2895.58.....-41.70.....-1.42%
S&P............1377.51....-17.02.....-1.22%

[Domandred]

Embrace the fiscal cliff. Prepare for hyperinflation.

Damned the torpedoes, full speed ahead!

[DOGHEAD]

There is NO CLIFF.

All that is going to happen is things are reset to 2000-2001
rates.
BTW- The IRS computers are already programed for all of the Bush ERA tax cuts to expire anyway. If anything is extended
then the IRS will have to re-program the computer mainframes. We are already looking at a delayed filing season. Let it go back to 2000-2001 rates. Democrats control 2/3’s.. White House and Senate. The burden of leadership and compromise is on their shoulders not Repubs.

[plain talk]

Combination of spending cuts and tax increases? My guess is the tax increases would be causing it way more than any spending cuts.

[Repealthe17thAmendment]

This a pretty much an admission that the recession has not really ended, except for the infusion of made-up cash from the Fed. It’s being propped up by a credit card.

[linn37]

I’ll take the cliff for 100 Alex. How much worse can it get?

[Logical me]

King Obama will fix it. Just throw more money down the crap hold. Democratic way borrow and piss it away. WE ARE DONE!

[LibLieSlayer]

We have been in a depression and even these mobbed up government crooks will not be able to lie about it soon.

LLS

[Stingray51]

I am surprised they left the obligatory “nonpartisan” out the headline in front of CBO.

If Team Boehner starts from the position that the GOP cannot end up being blamed by the MSM for anything, then all they will be negotiating are the terms of surrender, which will end up being unconditional.

On the spending side, the “fiscal cliff” would take military spending back to what we were spending in 2006. That is in real dollars, i.e., adjusted for inflation. This is not the crisis for the military that has been portrayed. Obviously, a massive tax increase would be disastrous but we should not start from the perspective that military spending cuts should be off the table because we certainly can achieve efficiencies there without compromising national security.