Users Online Now:
1,956
(
Who's On?
)
Visitors Today:
1,162,297
Pageviews Today:
1,945,011
Threads Today:
781
Posts Today:
13,397
07:42 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Renegade (Me too):MV8yMDgwMzM2XzM1MDMxMTA3XzUxQ0UwOTFB] [quote:Éireann:MV8yMDgwMzM2XzM1MDI5NzMwXzE4REVCMjk3] http://www.cbsnews.com/8301-505123_162-57558869/u.s-economy-could-withstand-brief-fall-off-cliff/ It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year's Day. Their stalemate triggers sharp tax increases and spending cuts. Those measures shrink consumer spending, stifle job growth, topple stock prices and push the economy off a "fiscal cliff" and into recession. The reality may be a lot less bleak. [b][i]Even if New Year's passed with no deal, few businesses or consumers would likely panic as long as an agreement seemed likely soon. [/i][/b]The tax increases and spending cuts could be retroactively repealed after Jan. 1. That's what they are hoping on? That people won't panic? :blink: [/quote] Does retroactive mean we will have to pay the higher taxes for 2012? [/quote]
Original Message
As of today, December 14th, 2012, the US Congress has not decided on a budge and is no where near being able to vote on passage of any budget. President Obama won't compromise on his demand that Congress turn it's authority to limit government borrowing limits. The resistance to this demand lies on both sides of the Congressional isle, yet Obama is refusing to budge.
If the Congress should fail to come to a compromise with the President and not pass a budget by the deadline, come January, there won't be an American economy. I don't know what they are doing, but this is doom on a level I can't cope with. The suspense is killing me!
Will they pass a budge? What kind of compromise can there be when Obama refuses to give up his demand to control the countries purse strings?
How can Congress pass any emergency measures when Obama is leaving them no room to maneuver?
[
link to www.bloomberg.com
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>