Posted on 12/23/2012 5:42:55 PM PST by Typical_Whitey
Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack Obama's goal.
"It's the first time that I feel it's more likely that we will go over the cliff than not," Senator Joe Lieberman, an independent from Connecticut, said on CNN's "State of the Union."
"If we allow that to happen it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history," Lieberman added.
(Excerpt) Read more at cnbc.com ...
Don't you love the way this scumbag gives the African communist Ubama a pass?
It's all because of congress.
If we do its a 4-5 points of GDP impact in 1Q13. Based on forecasts of 1-1.5% GDP growth in 4Q12 we would be looking at a 2.5-3.5% GDP contraction in the first quarter. It will abate from there but 2Q13 will also be negative which will be a technical recession. The writes have been counting on a deal. We cold see a 10-15% correction if the above scenario happens. Then we hit the debt ceiling in February...
We're going to have to ween the freeloaders from the public teat sooner or later. We might just as well get it over with now (before they breed another batch).
"Stay prepped, my friend."
Wow! That was a great YouTube right there!
Thanks for posting the link. I like Maria Bartiromo.
Have you seen the press asking where Obama is? I consider it to be a Christmas present that I don’t have to see President Pee Wee looking professorial behind a podium every day. The country seems to do just fine without his constant presence in Washington.
Just a point of clarification. $1.25 trillion PER YEAR, starting in 2013.
Ok...just shove the first moron off the cliff with the economy.
Tax rates return to what they were a few years ago, a little spending is cut, and it’s virtually the end of the the country according to Senator Lieberman? Joe has gone as soft in the head as Biden has been all along.
We didn't overthrow a dictator in GWI. Hussain invaded Kuwait and the Saudi oil fields and a coalition of countries put him back in his box. Bush I did it right. Bush II performed a preemptive invasion and should have left enough alone.
The Democrats are throwing the private sector over the fiscal cliff no matter what.
The Democrat tax increase on those earning 250k and above will only increase the tax a few individuals have to pay, but it will NOT increase tax revenues to the treasury, and it will NOT improve the economy.
The country’s broke.
Republican’s fault
Haven’t had a budget for 4 years but it’s going to be the Republican’s fault.
FUBO
Going back to Clinton’s tax rates would be a catastrophe? But but but...
his high taxes caused the 90s boom, and the evil Bush tax cuts caused a 12 year recession, according to progressive geniuses.
Went over the cliff a long time ago, this is just another bump on the way down.
Nope. It’s not near that much.
Ditto. That was 7+ minutes of my life well spent. Thanks!
>>Looking on the bright side, it does force real cuts in government spending, although they are across the board in which case Defense will take a big hit.
The rest of your post is a pretty good argument for that not being such a big deal.
Plus Obama won’t use the military to stop either N Korea or Iran from getting nukes, both of which could conceivably threaten the US mainline with them. For that matter, a GOP president probably wouldn’t either.
And these days it takes years of pissing around in the UN before possibly getting some kind of resolution that’ll offer cover to any country that wants to use it’s military - except perhaps Russia which is one of the few that seem to be actually ready, willing and able to advance its own agenda regardless of what the rest of the world thinks.
mainline s/b mainland.
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