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Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)

 
Anonymous Coward
User ID: 24289757
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12/14/2012 07:32 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
no big event... the sun will come out ... and your bills will still be due.... your gas price will go up.... and your salary down or your will loose your job...

Don't Worry... Drum Roll.....

osuper
071676

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12/14/2012 08:01 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
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]
 Quoting: Éireann


No budget has ever been passed as long as Obama has been President. If a budget was ever passed, it would limit Obama to actually keeping his word to the American people.
Anonymous Coward
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12/14/2012 08:13 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm hoping for a giant asteroid strike myself
Anonymous Coward
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12/14/2012 08:17 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm fiscally conservative. That being said I'd be fine raising taxes on the super-rich if that is what it takes to get the Dems to reduce spending.

Holy Shit, we are spending like mad and cuts are not even on the table. These people are psychotic.
Éireann (OP)
Eisteacht le gra!

User ID: 29838108
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12/14/2012 08:20 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm fiscally conservative. That being said I'd be fine raising taxes on the super-rich if that is what it takes to get the Dems to reduce spending.

Holy Shit, we are spending like mad and cuts are not even on the table. These people are psychotic.
 Quoting: Anonymous Coward 25889905

Yes. I know.
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
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12/14/2012 08:24 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
bsflag there's been no budget for three years
 Quoting: Anonymous Coward 24858497


^^^This. Plus the Republicans are in a no-win situation. The best thing that could happen for Obama would be to go over the cliff. The Republicans would be eternally blamed for any bad economic news and Obama can institute tax cuts of his own just like Bush did but claim he cut taxes on 98% of the people, when the truth is only about 50% of the people even pay taxes. Going over the cliff gives Obama the chance to play the hero, plus may result in him being given the power to make these decisions to avoid going over the cliff again. So the Republicans have to cave.
Éireann (OP)
Eisteacht le gra!

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12/14/2012 08:27 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
bsflag there's been no budget for three years
 Quoting: Anonymous Coward 24858497


^^^This. Plus the Republicans are in a no-win situation. The best thing that could happen for Obama would be to go over the cliff. The Republicans would be eternally blamed for any bad economic news and Obama can institute tax cuts of his own just like Bush did but claim he cut taxes on 98% of the people, when the truth is only about 50% of the people even pay taxes. Going over the cliff gives Obama the chance to play the hero, plus may result in him being given the power to make these decisions to avoid going over the cliff again. So the Republicans have to cave.
 Quoting: Anonymous Coward 23943453

Who gives a shit about dems and repubs. Neither side of the isle wants to hand over Congressional authority on the debt ceiling to Obama - period.
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Renegade (Me too)

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12/14/2012 08:30 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
[link to www.cbsnews.com]

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.

Even if New Year's passed with no deal, few businesses or consumers would likely panic as long as an agreement seemed likely soon. 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
 Quoting: Éireann


Does retroactive mean we will have to pay the higher taxes for 2012?
Who is John Galt?
Éireann (OP)
Eisteacht le gra!

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United States
12/14/2012 08:31 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
[link to www.cbsnews.com]

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.

Even if New Year's passed with no deal, few businesses or consumers would likely panic as long as an agreement seemed likely soon. 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
 Quoting: Éireann


Does retroactive mean we will have to pay the higher taxes for 2012?
 Quoting: Renegade (Me too)

You've got me, Renegade. They talk in such double speak I find myself constantly in a state of confusion.
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
User ID: 29321081
Australia
12/14/2012 08:49 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm fiscally conservative. That being said I'd be fine raising taxes on the super-rich if that is what it takes to get the Dems to reduce spending.

Holy Shit, we are spending like mad and cuts are not even on the table. These people are psychotic.
 Quoting: Anonymous Coward 25889905


makes no difference if the super rich are taxed.

the spending continues and no sincere effort has been made to cut spending for the last 100 years.

cut the spending and they will find somewhere else to spend the money.

and that is the issue, its not so much about cutting the spending but where to spend the money.

everyone on the hill is bought and they are fighting tooth and nail for a slice of the shrinking pie.
ItsMaKa2

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12/14/2012 08:55 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I know I cant be the only one thinking we are about to see this...



Possible? Yes? Just sayin...

bumphiding
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DILKe

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12/14/2012 08:58 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
It's all a fake show, political theater just to make it look like they care about us. R = D Wake up!
Lime Flavoured Redux

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United Kingdom
12/14/2012 09:05 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
[link to www.cbsnews.com]

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.

Even if New Year's passed with no deal, few businesses or consumers would likely panic as long as an agreement seemed likely soon. 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
 Quoting: Éireann


Does retroactive mean we will have to pay the higher taxes for 2012?
 Quoting: Renegade (Me too)


Presumably what would happen is say they made a deal on say January 12th, you'd have to pay the taxes for the 1st to the 11th as if the deal had been made on the 1st, rather than at whatever they would be with no deal. They could do that whenever deal is made.
Éireann (OP)
Eisteacht le gra!

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United States
12/14/2012 09:19 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
It's all a fake show, political theater just to make it look like they care about us. R = D Wake up!
 Quoting: DILKe

I know that already. I guess you didn't read what I had to say.

This time is different than the other times we didn't pass a budget. We are 17 trillion in the hole with a shit load of derivatives about to come home to roost. Why are people not seeing what a big deal this is?

Do you think the EU forming their banking union just this week is coincidence?
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
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12/14/2012 09:28 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm fiscally conservative. That being said I'd be fine raising taxes on the super-rich if that is what it takes to get the Dems to reduce spending.

Holy Shit, we are spending like mad and cuts are not even on the table. These people are psychotic.
 Quoting: Anonymous Coward 25889905

They are never going to reduce spending. "Future cuts" will be promised that will never materialize. Using base-line budgeting -with automatic increases built in -at best case some budgets may not increase any and be called a "cut".
Anonymous Coward
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12/14/2012 09:31 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Congress hasn't passed a budget since Obama came to office, and it won't again. That's part of the reason we are running trillion dollar deficits.
Anonymous Coward
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12/14/2012 09:49 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Hey AC, I am with you 100%. No one should have the right to take what your parents worked so hard for! I hate what this country is becoming. Don't you just love how they toss around the term "the rich"? It conjures up an image of those with mansions and a jet=set lifestyle when actually many of those they are calling "the rich" are small businesses and people like your parents who have worked extremely hard and sacrificed to get ahead.
Éireann (OP)
Eisteacht le gra!

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12/14/2012 09:49 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Hey AC, I am with you 100%. No one should have the right to take what your parents worked so hard for! I hate what this country is becoming. Don't you just love how they toss around the term "the rich"? It conjures up an image of those with mansions and a jet=set lifestyle when actually many of those they are calling "the rich" are small businesses and people like your parents who have worked extremely hard and sacrificed to get ahead.
 Quoting: Anonymous Coward 29691950

clappa
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
User ID: 29852632
United States
12/14/2012 10:09 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I really hope it all collapses.
 Quoting: Anonymous Coward 18201204


i hope the peoples economy stays steady but the government gets a spanking and goes to bed without supper or retirement or holiday they stay till they have a good plan. i know i am dreaming
Éireann (OP)
Eisteacht le gra!

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12/14/2012 10:18 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I really hope it all collapses.
 Quoting: Anonymous Coward 18201204


i hope the peoples economy stays steady but the government gets a spanking and goes to bed without supper or retirement or holiday they stay till they have a good plan. i know i am dreaming
 Quoting: Anonymous Coward 29852632

Let's dream together then :)
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Saddletramp
We Don't Rent Pigs...

User ID: 812002
United States
12/14/2012 10:22 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Éireann (OP)
Eisteacht le gra!

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12/14/2012 10:25 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
 Quoting: Saddletramp

They have to do something, Saddletramp. If they raise the interests rates AND people end up paying the whopper new taxes come January, our economy is going straight for the shitter.
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
User ID: 29852632
United States
12/14/2012 10:30 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
 Quoting: Saddletramp


really my household makes more and we are on a heavier budget seems to me government thinks it's Christmas all year and oh they love all those perks they get for themselves and their buddies
Anonymous Coward
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12/14/2012 10:30 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Sorry, but this whole budget crisis thing has the stench of a manufactured crisis. Someone will make obscene profits, likely Goldman Sachs or JPM while the rest of us have another pound of bricks added to our load.

Never waste a good crisis, I'm sure they have some more draconian legislation up their sleeves to save us all from the evil recession most of them and their buddies created.
Éireann (OP)
Eisteacht le gra!

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12/14/2012 10:31 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Sorry, but this whole budget crisis thing has the stench of a manufactured crisis. Someone will make obscene profits, likely Goldman Sachs or JPM while the rest of us have another pound of bricks added to our load.

Never waste a good crisis, I'm sure they have some more draconian legislation up their sleeves to save us all from the evil recession most of them and their buddies created.
 Quoting: Anonymous Coward 961432

Finally - someone gets it.
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
User ID: 29852632
United States
12/14/2012 10:33 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
 Quoting: Saddletramp

They have to do something, Saddletramp. If they raise the interests rates AND people end up paying the whopper new taxes come January, our economy is going straight for the shitter.
 Quoting: Éireann


i don't mind paying a fare share but do they??? if taxed flat tax i am tried of the guessing game make it equal. they really use this dog and pony show for their own agendas
Anonymous Coward
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12/14/2012 10:47 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Has anyone heard the latest on the AMT (alternative minimum tax)? It may hit me for the first time this year.
Saddletramp
We Don't Rent Pigs...

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12/14/2012 10:52 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
 Quoting: Saddletramp

They have to do something, Saddletramp. If they raise the interests rates AND people end up paying the whopper new taxes come January, our economy is going straight for the shitter.
 Quoting: Éireann


You can bet whatever deal comes out of there will be bad for the country...

The fiscal cliff looked like a cake walk compared to what Obama was proposing.

Besides, the middle class (who they were never ever ever gonna raise taxes on, pinky promise) is going to see their taxes go up some $2500 per year for a family of four when Obamacare is fully implemented in 2014, they will see some taxes this year on their dividends and capital gains, so whatever happens, the economy is fucked...it's dead, it's like someone that just drank a glass of arsnic, dead but still walking around not knowing its dead...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Cosmic Traveler

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12/14/2012 10:53 AM
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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
I'm not in favor of giving them any more of anybodies money until they learn to live with the income stream they have. All they talk about is how to raise more money.

You'll never hear them discussing the size of government because it's the biggest employer in the country and it produces nothing.

If they reduce the size of government the unemployment rate would go up....same with ending the wars...bring the boys home and the unemployment rate goes up.

It's all going to crash no matter what they conjure up in Washington. The truth is they've finally killed us all.

Accept that fact and prepare for the worst.
It's coming...if not now...soon.
Hard tell'in not know'in
Saddletramp
We Don't Rent Pigs...

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12/14/2012 10:54 AM

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Re: Official Countdown to Zero Hour on US Budget Passage. Discuss Please :)
Budget...what's that, it's been so long since we had an actual budget I've forgotten what they are?!?!?

jerkit
 Quoting: Saddletramp

They have to do something, Saddletramp. If they raise the interests rates AND people end up paying the whopper new taxes come January, our economy is going straight for the shitter.
 Quoting: Éireann


You can bet whatever deal comes out of there will be bad for the country...

The fiscal cliff looked like a cake walk compared to what Obama was proposing.

Besides, the middle class (who they were never ever ever gonna raise taxes on, pinky promise) is going to see their taxes go up some $2500 per year for a family of four when Obamacare is fully implemented in 2014, they will see some taxes this year on their dividends and capital gains, so whatever happens, the economy is fucked...it's dead, it's like someone that just drank a glass of arsnic, dead but still walking around not knowing its dead...
 Quoting: Saddletramp


God I'm in a cheerful mood today...

whatever
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

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