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REPORT ABUSIVE REPLY
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Message Subject
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The "Fiscal Cliff" is a total, fabricated phoney bull$#!T "crisis"
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Poster Handle
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Anonymous Coward |
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Post Content
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That's fine but what you need are FACTS.
The debt limit was established with the petrodollar to assure the creditor nations the Fed would not inflate the dollar, which is exactly what they have been doing.
Will they continue to inflate until infinity? Or will they declare a bankruptcy of sorts as other nations have been doing? That is the question. Nobody knows.
Big mouth Hillary at one point hinted the "US Dollar was going the way of Zimbabwe."
Hard to say.
Quoting: Anonymous Coward 27399706 This sounds informed ... The fiscal cliff is real. On Jan. 2 (iirc) if nothing happens, some taxes go up and some spending is cut. Probably some government people lose jobs, which tends to get them all panicky and telling us whatever excuse they think will work. They say that "going over the cliff" will result in recession (which should mean decreasing GDP.) But keeping the debt limit and making a different compromise would probably have the same effect. It's an excuse for more horsetrading. And thrown into the "Grand Bargain", pols will put things that are near and dear to their constituents, as an excuse to sell them out. Now the Repubs are talking about comprehensive immigration reform, without bothering to rule out amnesty. Boehner may end up saying "well I had to do it because of the fiscsl cliff", indeed a convenient excuse, actually he didn't have to do it. I hope I am wrong about Boehner; by his actions now we'll see if we can still trust him. So it's a real thing, but it's also a convenient excuse.
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