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QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?

 
Anonymous Coward
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12/25/2012 05:32 PM
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QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
please just short sentences..

EX.
1. taxes go way up for everyone
2. job layoffs
3. food prices go way up
Anti Vortex
because

User ID: 30849625
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12/25/2012 05:33 PM

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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
So, the same as if the cliff is avoided?
Anonymous Coward (OP)
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12/25/2012 05:49 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
So, the same as if the cliff is avoided?
 Quoting: Anti Vortex


lol it seems so
Anonymous Coward
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12/25/2012 05:54 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
Probably an Acme trampoline at the bottom, and we bounce back up just in time to eat our own dynamite?
What if ?

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12/25/2012 06:01 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
Raise the debt ceiling
Soft Default will eventually follow
Dollar would take a hit
They say cream rises to the top
Sometimes shit floats to the top as well
Desert FoxModerator
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12/25/2012 06:27 PM

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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
We have been over the fiscal cliff for several years, people choose to ignore it because they want more free stuff.
TOMABANEFOX
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12/25/2012 06:31 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
Just another "bump" in the road too true hell....

sadly this time lots of folks don't have shoes with leather soles that could be boiled down to make soup...
SnowboardingAlien

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12/25/2012 06:31 PM

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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
welfare checks stop, obama phones spontaneously explode, massive inflation of the dollar
I look up at the sky, and wonder where I am on earth. Then I wonder where I am in the solar system. Then I wonder where I am in the galaxy. Then I wonder where I am in the universe. Then I wonder what universe am I in.
Anonymous Coward
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12/25/2012 06:38 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
Nothing except we go back to the dem tax rolls before bush put the tax cut in.
It's all bs and the mid to low earners are going to get fucked again while the super rich feed off us.
Anonymous Coward
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12/25/2012 06:43 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
please just short sentences..

EX.
1. taxes go way up for everyone
2. job layoffs
3. food prices go way up
 Quoting: Anonymous Coward 1750980


1. taxes go way up for everyone not in the club - the club is a special off the grid affair.
2. sell off in the DOW for people to avoid capital gains taxes, probably happen toward end of week as markets finally get no compromise is coming.
3. $600 billion shortfall in current gubmint spending which will be over-ridden either by executive order or by congress later on in 2013 as they reach the limit.

What you won't see is any meaningful reduction in government size nor spending. The decks chairs will just get rearranged but the titanic is still slowly sinking.
Desert FoxModerator
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12/25/2012 06:48 PM

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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
welfare checks stop, obama phones spontaneously explode, massive inflation of the dollar
 Quoting: SnowboardingAlien

Nope, those will be the last things to go. Massive inflation, yes.
TOMABANEFOX
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12/25/2012 06:49 PM
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Re: QUESTION: What Exactly Would Happen If We Go Over the 'Fiscal Cliff'?
welfare checks stop, obama phones spontaneously explode, massive inflation of the dollar
 Quoting: SnowboardingAlien

Nope, those will be the last things to go. Massive inflation, yes.
 Quoting: Desert Fox



Exactly, because the checks will never stop is why they will continue to print and lead to massive inflation.

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