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Thread: Fiscal cliff: US urged to tackle budget deficit

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    Fiscal cliff: US urged to tackle budget deficit

    BBC News - Fiscal cliff: US urged to tackle budget deficit

    US politicians have been urged to do more to sort out the budget by the two largest credit rating agencies.

    The warning comes despite the US narrowly agreeing a deal to stave off the US "fiscal cliff" of spending cuts and tax rises worth $600bn (370bn).
    Rating agency Moody's said lawmakers would need to take additional steps to lower the ballooning budget deficit.
    We just raised taxes but the deficit is still too big. Are we going to raise taxes again, do nothing, or cut spending?

    If you expect people to be rational, you aren't being rational.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    Obama & Co. will try again to raise taxes (again exempting their supporters) but they will probably fail. Republicans will make noises about cutting spending, and will go nowhere. They will compromise by doing nothing and the country will continue its decline toward the status of Cuba or Venezuela.
    "We the people are the rightful masters of both Congress & the courts, not to overthrow the Constitution, but overthrow the men who pervert the Constitution."
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    Re: Fiscal cliff: US urged to tackle budget deficit

    Quote Originally Posted by mpg View Post
    BBC News - Fiscal cliff: US urged to tackle budget deficit



    We just raised taxes but the deficit is still too big. Are we going to raise taxes again, do nothing, or cut spending?
    Oh, I was told credit agencies don't care about debt. Silly me.
    One who makes himself a worm cannot complain when tread upon.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    I expect the next step will be Obama wanting to raise the corporate tax rates to 39% as well (not that it really matters because very few pay that rate) and the trust rate to the same (which will screw every trust in America because they cannot pack up and run overseas like corporations can); paired with more spending for the things they want and some token cuts to the things only the GOP want not to be cut, and a demand for a unlimited debt ceiling for the next 4 years.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    Quote Originally Posted by mpg View Post
    BBC News - Fiscal cliff: US urged to tackle budget deficit



    We just raised taxes but the deficit is still too big. Are we going to raise taxes again, do nothing, or cut spending?
    The Marxist Party (Democrats/Marxist Progressives) will never cut spending

    Unfortunately both parties have now been corrupted by Marxism/Socialism/Collectivism

    Rand Paul 2016

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    Re: Fiscal cliff: US urged to tackle budget deficit

    we really do need to address spending, and while we're looking at entitlements, we also need to look at our military role on the world stage. we're spending more than most other nations combined, and it has to stop.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    Quote Originally Posted by Diogenes View Post
    Obama & Co. will try again to raise taxes (again exempting their supporters) but they will probably fail. Republicans will make noises about cutting spending, and will go nowhere. They will compromise by doing nothing and the country will continue its decline toward the status of Cuba or Venezuela.
    See now you were making a point right up until the part where you went into the paranoid universe of the right wing zealots who believe that the US is headed towards a marxist state....

    It's just silly.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    Quote Originally Posted by Helix View Post
    we really do need to address spending, and while we're looking at entitlements, we also need to look at our military role on the world stage. we're spending more than most other nations combined, and it has to stop.
    He gave meat puppets who pretend in front of a camera (Hollywood) tax breaks

    I guess it really does pay to pump out radical Marxist Propaganda. Obama will cut your taxes if you make him look like Jesus to the brainwashed masses

    Quote Originally Posted by Jetboogieman View Post
    See now you were making a point right up until the part where you went into the paranoid universe of the right wing zealots who believe that the US is headed towards a marxist state....

    It's just silly.
    We're already in a Marxist state. Gramsci's plan worked. Brainwash people through the Culture. Through Hollywood, Big Music, Academia, ect.

    I have family who are administrators, teachers ect in the CA Public School System. All of them are proud open Marxists/Communists

    They LOVE Obama and know exactly who he is.

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    Re: Fiscal cliff: US urged to tackle budget deficit

    Quote Originally Posted by Jetboogieman View Post
    See now you were making a point right up until the part where you went into the paranoid universe of the right wing zealots who believe that the US is headed towards a marxist state....

    It's just silly.
    Said the Greek 10 years before his economy collapsed by over-generous entitlements and having an unsustainably large public-sector work force. Certainly things our centrist president wishes to avoid...?

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    Re: Fiscal cliff: US urged to tackle budget deficit

    I like when conservatives compare the US to Greece. It makes it easy for me to not waste my time debating people that clearly have absolutely zero knowledge of the topic they are attempting to discuss.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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