Friday November 9, 2012, 9:51 am
Ben ‘Bankster Boy’ Bernanke coined the term fiscal cliff, when trying to spur the Super Committee to reach a deal. He intended it to sound scary, and the news media love it, because it could not be more conducive to sound bites. Failure to act before the end of the year is just not as catastrophic as it sounds. Republicans love fear, because they use it to commit economic terrorism against America in the form of blackmail. Way back in July, I said we should not fear the fiscal cliff. Lately, I’ve seen that some pretty high powered experts share that view, such as Paul Krugman.
The president has already made concessions and offers to the house. So let them "go of cliff" they have already cost us one downgrade from Mooney's. Let those tax cuts expire, and then work on the budget.
There was a Mandate - for Obama and the Senate - even the house lost seats. Pay attention. We want income equality, we want the tax cuts to expire, we expect...no we demand the republicans end the obstructions and games and begin to actually work for the people.
Friday November 9, 2012, 12:07 pm
Let he tax cuts expire. If that's the only way to get the 2% to pay their fair share, I have no prob paying a little more. I recall life was pretty good under Clinton with the higher rates.
Friday November 9, 2012, 12:17 pm
I'd say there was a mandate, too - it said, The United States is not for sale any more. It said, this is your last chance, boys - mess it up and you're out of here, too.
Friday November 9, 2012, 1:21 pm
The ones that will suffer any big losses are the ones with all the investments, not us, the little people. So, why fear? Just stay close and united toward a better future together, and let them fall apart where they may. We will go on just like Iceland is going on. They are fine, and so will we be.
Friday November 9, 2012, 10:09 pm
He needs to use his executive privilege, over ride their demands while they are in recess. We know they will take their holidays! The Republicans can't afford to back down, they all signed Norquist's pledge not to raise taxes on the rich and they are afraid of losing their jobs if they renege.
Friday November 9, 2012, 10:35 pm
From time to time, I like to revisit my trusty Concise Oxford Dictionary to check the meanings of words, or better put, the nuance of meanings of words. I, like many, have referred to the Republican/Teabaggers as economic terrorists; economic terror specialists.
Terror — extreme fear.
Terrorist — favours or uses violent and intimidating methods of coercing a government or community.
Reign of terror — a period of remorseless repression.
In the context of these words, the GOP has been and is engaged in a reign of terror, economic and social terror, for the past 4 years, but has been particularly more vociferous in the past 3. They are economic and social terrorists trying to rend the fabric of American society for their own selfish ends.
Mr Obama has called for leaders from the Congress to meet with him next week to try to reach a consensus on a way forward. Mr Obama said:
"I'm not wedded to every detail of my plan. I'm open to compromise. I'm open to new ideas. I'm committed to solving our fiscal challenges, but I refuse to accept any approach that isn't balanced. I'm not going to ask students and seniors and middle class families to pay down the entire deficit, while people like me making over $250,000 aren't asked to pay a dime more in taxes."
John Boehner's response was that raising taxes is unacceptable.
Senator Patty Murray (D-WA) has said that she will take the discussions into the new year which means that the Bush era tax cuts will expire. Done deal! The 1% will pay a higher tax rate, and the Republican/Teabaggers didn't have to dishonour their pledge to Grover Norquist. How Norquist, a lobbyist and unelected, gained, or maybe more appropriately was allowed to gain, so much power over elected officials is beyond me. It is anathema to democracy.
The "do nothing" Congress need only to continue to do nothing and the situation will take care of itself by 01/01/13. I wonder if that will encourage Boehner and the GOP to more practical debate and solutions?
Saturday November 10, 2012, 12:48 am
There is no way anyone could EVER give enough money or tax breaks to billionaires - the reason they need endless amounts of money is that they have holes in their souls that they try and fill with money, power and worldly goods. It has never worked, it never will work - but they are obsessed with continuing the same desperate, empty things - no matter who they harm. If they didn't do so much harm and cause so much pain to people I would feel deeply sorry for them.
Bernie Sanders is, as always absolutely CORRECT!! If the President doesn't act as he has suggested it will be a political faux pas of the highest (or should that be lowest) order.
The Bush era insane tax breaks for millionaires and billiionaires MUST be let to fizzle out!
Ed and Bernie are both right - Democrats need to keep fighting from the grass roots and to take back control of their Repuglicon twisted councils and political wards and redraw them so that (as in Pennsylvania) they are not twisted so the party with the most votes loses!
Saturday November 10, 2012, 4:18 am
Thanks Tom for the post. If the Republican led House does not follow up on President Obama plan and put the brakes on and we go over the cliff. The GOP, not Democrats, will pay dearly in the 2014 elections. Read and noted.