Carlo, first I want to know how to get my money OUT. I believe like you do but I am not as courageous as the founding fathers. I want my children to inherit a little head start if possible. I do have another passport but I don’t want to go down with the ship. I know, I know, my head keeps slipping under the water with us all now...
There’s no limit to the damage that can be inflicted on this country that can’t be spun, ignored or blamed on Bush. Why should Obama care? More crises equal more opportunities for dictatorial rule. He can’t lose.
The math doesn’t add up. Our current fiscal path is unsustainable. I don’t think we need to do anything drastic as that would take down a lot of the innocent (Romney voters) hard. It’s coming down. We need to be patient and do what we can to take care of our own.
If we take a huge haircut on our personal assets, that will put us in a more challenging position to help our families survive a severe downturn.
I don’t support a hard line stance now. There will be time for that later, if necessary.
I do not understand the “cliff” very well. Is it a one year deal? As I understand it the Bush tax cuts expire, the AMT rolls out in full force and there automatic spending cuts.
My questions are how long does it all last? What happens the next year and the following years?
How deep are the cuts in real terms not budget terms?
I may be willing to jump if it takes a big permanent bite out of spending.
Maybe the states hold a lot of influence over the next 45 days. Is this an option?
Withold the electorate votes of 3 Republican governors of swing states that went to Obama. This may motivate Congress and the President to negotiate acceptable deals to our liking.
Per the electoral site (link below)…states face no legal penalty for failure to comply with Dec 26th date to certify and send the electoral votes to Congress.
January 6, 2013 - The Congress meets in joint session to count the electoral votes and no Presidential candidate wins 270 (because VA, Wisc, and OH governors do not certify the electoral votes. This would leave Obama with only 262 votes.)
The House of Representatives (12th Amendment) would elect the President by majority vote with each state having one vote.
Source: http://www.archives.gov/federal-register/electoral-college/key-dates.html
The dem sweethearts(Social Security and Medicaid)are exempt, medicare cuts are limited to 2%, the tax increases are immediate, the cuts(other than probably military)are spread out over 10 years(and Charlie Brown knows what this means, they'll never happen).
Besides, any negative effect on the economy will be blamed on the republican controlled House by the media...that and Obama no longer worries about elections...so what's not to like?
The only downside I see is if the dems would have taken the House...then they would have owned it.
If there is one thing that should have been learned from this election...perception is more relevant than reality...and perception is still controlled(80%+)by a leftist media.
Frankly I don't care one way or the other...as far as I'm concerned the whole thing went off the cliff years ago...the consequences just haven't been felt...yet.
Just make sure you have a parachute.
Fun to speculate, but we all know that Boehner will cave. 100% guaranteed.
Continue prepping. Move along...
bump
Off the cliff means an end to emergency unemployment. Let’s stop those cheats who have been taking for 4+ years and working off the books.
I say we go for it.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
…… Senator Barack Obama (2006)