View Poll Results: Shouldn't we embrace Obama's fiscal cliff?

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  • Yes, it is more revenue, less spending, so long Bush, hello Obama.

    4 28.57%
  • Yes, we need to take our medicine, only when it really hurts can we start to recover

    4 28.57%
  • No! We can't recover without economic growth.

    5 35.71%
  • I got an Obama phone! This is all Bush's and Congress's fault anyway.

    1 7.14%
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Thread: Embrace the Fiscal Cliff?

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    Embrace the Fiscal Cliff?

    The Fiscal Cliff happens on January 1, 2013. It is when the policies of the Bush administration expire and the policies of the Obama administration become more fully implemented. It is also when the Obama sequestration compromise goes into effect. It is a balanced approach of tax hikes and spending cuts.

    So shouldn't we embrace it? Didn't we embrace it on November 6th? End of Bush era policies, implementation of Obama era policies, tax hikes and spending cuts, especially on the military. Isn't that exactly what Obama ran on? So why are we afraid of it?

    It could be because nearly every reputable economist is predicting that it would cause another recession and shoot unemployment back up over 9%. So is that what "Forward" really gets us?

    The Fiscal Cliff is Obama's policy in action. Shouldn't we embrace it?
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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by friday View Post
    The Fiscal Cliff happens on January 1, 2013. It is when the policies of the Bush administration expire and the policies of the Obama administration become more fully implemented. It is also when the Obama sequestration compromise goes into effect. It is a balanced approach of tax hikes and spending cuts.

    So shouldn't we embrace it? Didn't we embrace it on November 6th? End of Bush era policies, implementation of Obama era policies, tax hikes and spending cuts, especially on the military. Isn't that exactly what Obama ran on? So why are we afraid of it?

    It could be because nearly every reputable economist is predicting that it would cause another recession and shoot unemployment back up over 9%. So is that what "Forward" really gets us?

    The Fiscal Cliff is Obama's policy in action. Shouldn't we embrace it?
    The idea was not for that to take place, and if it does, it won't be anyone's idea of what was desired. not Obama's or republican's. The idea was to try and encourage them to actually do something. If we fall off the cliff, congress failed.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Embrace the Fiscal Cliff?

    And yet, here we are. The compromise was "let's shoot ourselves in the foot, and if we don't heal by January, 2013 we'll shoot ourselves in the head too." And blame Congress all you want, Obama signed it.
    Get informed: UNICEF foreign adoption policy is killing orphans and the US gives $132 million to UNICEF every year. Stop the madness.
    For the best news and commentary on the 2012 election from the GOP perspective, visit www.whitehouse12.com.

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    Re: Embrace the Fiscal Cliff?

    I just like how liberals are claiming republicans are holding it hostage when they don't want to increase anyones taxes and the liberals refuse to let go of the rich. Then they turn around and say the republicans are protecting rich people. Well you know, they wouldn't need protection if someone wasn't attacking them. Just sayin'...

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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by Henrin View Post
    I just like how liberals are claiming republicans are holding it hostage when they don't want to increase anyones taxes and the liberals refuse to let go of the rich. Then they turn around and say the republicans are protecting rich people. Well you know, they wouldn't need protection if someone wasn't attacking them. Just sayin'...
    If your oversimplication is true, then liberals have the more logical claim. A slight increase, back to pre-Bush tax rates (hardly a devastating addition), for the wealthy would be the best, most effective place for an increase. The middle class spends their money. And we need that spending.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by Boo Radley View Post
    The idea was not for that to take place, and if it does, it won't be anyone's idea of what was desired. not Obama's or republican's. The idea was to try and encourage them to actually do something. If we fall off the cliff, congress failed.
    You forget, it is the law that Obama signed. Sure Obama hoped for change but that does not change the fact that he signed onto this "cliff". Just what is the great Obama defict reduction plan, other than to hope for change?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Embrace the Fiscal Cliff?

    the tax cuts need to expire for every margin, not just the top. however, letting it all happen at once is stupid. the rates should go up by about a point a year until each hits its 1990s level.

    similarly, the spending cuts need to phase in year by year. in this way, we get the benefits for more revenue / less spending without causing the economy to tank back into recession.

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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by ttwtt78640 View Post
    You forget, it is the law that Obama signed. Sure Obama hoped for change but that does not change the fact that he signed onto this "cliff". Just what is the great Obama defict reduction plan, other than to hope for change?
    Yes, he signed it. But that changes nothing I said.

    And his plan overall is rather simple: Increase taxes where we can best afford it and reduce spending where it causes the least pain. Now, the devil is in the details, and something congress needs to battle. And if they choose to close some loopholes as well? Better still.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by Boo Radley View Post
    If your oversimplication is true, then liberals have the more logical claim. A slight increase, back to pre-Bush tax rates (hardly a devastating addition), for the wealthy would be the best, most effective place for an increase. The middle class spends their money. And we need that spending.
    All that is happening is an attack on the rich and its hardly effective. If you really want to do this tax increase plus spending cuts plan you need to increase taxes all across the board and not just on the rich.

    You are also making a failure in your train of thought that basically says that if one can afford it than they obligated to pay it. That argument is a failure on its face as there is no such obligation.

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    Re: Embrace the Fiscal Cliff?

    Quote Originally Posted by Boo Radley View Post
    Yes, he signed it. But that changes nothing I said.

    And his plan overall is rather simple: Increase taxes where we can best afford it and reduce spending where it causes the least pain. Now, the devil is in the details, and something congress needs to battle. And if they choose to close some loopholes as well? Better still.
    Tax "reform" is not going to happen in a lame duck session and we all know that. Just what are the Obama porposed spending reductions other than ending the Afghan war and accounting tricks with Medicaid/Medicare? How temporary are the SS withholding cuts? Congress has had many battles and the "cliff" was the result of the brainy "super committee" and accepted by Obama.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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