Comments on: Fiscal Cliff: Grim and Grimmer

By: tmferretti

tmferretti — Fri, 07 Dec 2012 19:26:29 +0000

COMMONSENSEPARTY

II didn’t roast Bush for not worrying about the deficit (as far as I’m concerned, if he thought it was necessary to protect and help America, more power to him). The deficit is a republican issue. We sell bonds to finance or country just as a corporation sells stock to finance its business.

If people in the world think America is a good investment, take advantage of it. Use that investment money to build our country just like stock investments build a business.

The recession didn’t happen because of the deficit, it happened because of the risky investments the financial institutions made, due to de-regulation that collapsed the housing market and increased their lack of trust which stopped people from investing.

By: Emerald_Sparks

Emerald_Sparks — Fri, 07 Dec 2012 18:35:07 +0000

“1) giving oBama and the DEMOCRATS more taxes ONLY guarantees more spending. 2) why call it a debt ceiling or debt limit… it has not stopped ANYTHING.” It seems that republicans are the biggest spenders…Raising revenue and some cuts. The Bush cuts were meant to be temporary, they nearly destroyed this country during a near depression over a trillion less revenues came in during the job losses of the near depression along with the interest rates on the lost revenues. You folks spend and put on a credit card.

By: Michelle Shu Jas

Michelle Shu Jas — Fri, 07 Dec 2012 17:58:48 +0000

“1) higher tax rates on the wealthy must be included in any deal; and, 2) a deal must also include a permanent extension of the debt ceiling.”
.
1) giving oBama and the DEMOCRATS more taxes ONLY guarantees more spending. 2) why call it a debt ceiling or debt limit… it has not stopped ANYTHING.

By: Commonsenseparty

Commonsenseparty — Fri, 07 Dec 2012 17:56:34 +0000

tmferretti | December 7, 2012, 11:24 am —- Didn’t you guys roast Bush for saying deficits don’t matter? I am OK with the higher tax on the rich (although I would go with $500K and up), but no way should there be any talks about the debt ceiling in all of this. I am ready to fall off the cliff, but if the GOP agrees to raise taxes, Obama better drop his BS about the debt ceiling.

By: Rick McDaniel

Rick McDaniel — Fri, 07 Dec 2012 17:22:07 +0000

Sequestration has to take place. There is no deal that can be made.

By: tmferretti

tmferretti — Fri, 07 Dec 2012 16:24:14 +0000

The republicans are still trying to con the Ameriacn people.

The deficit is 16 trillion dolars, if it was 30 trillion or 100 trillion it’s still a meaningless number.

Companies increase their debt to profit ratio every time they sell stock. The stock they sell is a debt they owe. They still see this as a positive because it shows people want to invest in the company. If they invest that money wisely they will succeed and thrive.

If all there investors sold all the stock at the same time the company is in trouble. This is as likely as the Mayan Apocalypse.

The US government does the same thing but instead of stocks, it sells bonds which increase the national debt. 90% of those bonds are held by Americans and American banks. The rest by foreign banks and investors who want to invest in America.

Again, if all these investors sold all their bonds at the same time the US is in trouble. Also again, this is as likely as the Mayan Apocalypse.

This deficit issue is nothing more than a distraction designed to scare the American people.

By: Rick McDaniel

Rick McDaniel — Fri, 07 Dec 2012 15:43:13 +0000

The cliff is nothing to fear. Obama created it, and the main cuts will be military. So we will simply have to take greater risks with our safety from world threats. We have no choice. We can’t pay for all of this welfare, any other way.

By: Larry

Larry — Fri, 07 Dec 2012 13:55:58 +0000

‘Nabors indicated no willingness to go any further on limiting the growth of entitlement spending’ – Now we know…this has everything to do with politics and nothing to do with what is good for the citizens of the united states! Third world – here we come!!!

By: werallslaves100

werallslaves100 — Fri, 07 Dec 2012 13:37:06 +0000

Obama is like Morsi ( the Muslim Brotherhood) leader in Egypt who is trying to take power away from the courts so they could not control his actions—Morsi gutted the power of the legal system in Egypt!! Obama wants to gut the power of Congress by being able to raise the debt limit(increase spending) without Congressional approval!!! Obama’s attempt to grab power like a dictator is exactly what the Founding Fathers were trying to prevent by creating the three branches of government; providing checks and balances so neither branch can get to much power!!!

By: Noz

Noz — Fri, 07 Dec 2012 12:50:31 +0000

“Nabors reiterated two key White House demands: 1) higher tax rates on the wealthy must be included in any deal; and, 2) a deal must also include a permanent extension of the debt ceiling.” – Jonathan Karl

With entrenched ideologue demands like those, an intelligent person would conclude that President Barry wants to go over the fiscal cliff.
What do you think Jonathan?

I say it’s time for the House to ignore the President and do it’s job.
Just pass a responsible bill and let the chips fall where they may.