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The fiscal cliff

Discussion in 'Off Topic' started by KI4MVP, Nov 7, 2012.

  1. KI4MVP

    KI4MVP formerly LJ4MVP

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    I thought I would split this out of the election thread as it's really a separate topic.

    a summary from wikipedia

    http://en.wikipedia.org/wiki/United_States_fiscal_cliff

    Nobody agrees that we should let this happen. The problem is it will all happen unless action is taken. I believe there is a deadline for action to be taken to avoid the sequestration part of this, but I can't find it. Will the two parties finally be able to work together to prevent this economic disaster which has been left hanging over our heads heading into the election. This all has to be addressed before the new congress takes over.
     
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  2. JDeezy

    JDeezy NBA Starter

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    You make this fiscal cliff sound like a good thing, MVP.
     
  3. Shakalu M.D.

    Shakalu M.D. Its Happening!!!!

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    Except the part where a sudden deficit decrease would plunge us back into a recession.
     
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  4. gourimoko

    gourimoko Fighting the good fight!

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    Maybe.... maybe not.


    Sent from my SPH-D710 using Tapatalk 2
     
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  5. OptimusPrime

    OptimusPrime Back in 2002

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    If we have to print and borrow trillions of dollars every years to stay out of a recession, are we not already in one? Or do you find this to be sustainable economic growth?
     
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  6. OptimusPrime

    OptimusPrime Back in 2002

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    LOL. Such draconian cuts. Remember the budget increases by 5% or so next year automatically. So now it will only grow by 4.75%. Granny will be starving in the streets eating from trash cans. What are we going to do to stop this?
     
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  7. Shakalu M.D.

    Shakalu M.D. Its Happening!!!!

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    I don't want to sustain it, but I don't want all of the cuts to come at the same time either. It's like weight loss, someone may want to drop 30 pounds but it's not healthy to do it all at once.
     
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  8. KI4MVP

    KI4MVP formerly LJ4MVP

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    ^^ I think it means an actual reduction in spending vs a reduction in growth of spending.
     
  9. OptimusPrime

    OptimusPrime Back in 2002

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    Nothing they say means an actual reduction in spending.
     
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  10. KI4MVP

    KI4MVP formerly LJ4MVP

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    it's not a politician, it's wikipedia, so I think it means an actual reduction. The 20% increase in taxes is what would trigger a recession.
     
  11. OptimusPrime

    OptimusPrime Back in 2002

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    Cutting spending by 0.25% isn't cutting it all at once.
     
  12. OptimusPrime

    OptimusPrime Back in 2002

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    http://budget.senate.gov/republican...5f761e318&SK=E88C50B78417C8715E0A78FE47ABD71D
     
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  13. southernflyer

    southernflyer Situational Stopper

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    Why shouldn't this happen now? Gridlock started this path. If we would have had a budget in the past 3 1/2 years we wouldn't be where we are at right now. This issue got thrown around the campaign trail for months instead of it being resolved like it should have been. The American people say they want congress changed and bipartisanship, but then turned around and voted 90% of the same people in to both the house and senate. Now the day after the election is over, play nice and get this shit done? That is exactly wrong with politics.
     
  14. OptimusPrime

    OptimusPrime Back in 2002

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    The tax increases are a travesty, but if they don't raise taxes they will just print the money and take it from us that way by increasing our cost of living. There are no spending cuts. The whole thing really is a non issue. The fact that the media is whipping everyone up in a frenzy over nothing shows how much control they have over the sheep. They will never make any actual spending cuts if this "fiscal cliff" is some national tragedy.
     
  15. caf

    caf Banņed

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    What needs to occur is an across the board analysis of federal departments, a cut of funding, and consolidation.

    There are so many redundant departments, with a majority of funding going towards the management of these departments. Careful consolidation would eliminate a considerable amount of managerial costs, as well as numerous other costs.

    Now people may be saying "Caf, cutting jobs is the last thing we need". Which is somewhat right. Cutting jobs in the private sector is the last thing we need. However, the government shouldn't be in the business of having jobs that do not affect private sector growth.

    For instance, NASA should not be getting budget cuts where other bullshit departments are seeing budget growth. NASA's collaboration with the private sector allows for more openness in the scientific community allowing for more progress in terms of technological advancement as well as financial growth in the private sector. Defense budget also allows for much growth in the private sector. Defense funded research is one of the biggest catalysts for technological advancement.

    However, both these departments can use consolidation and careful inspection of it's budget. A lot of this money gets thrown out on garbage research. There are a lot of people that live very comfortably exploiting the government. Perhaps one of the biggest things that needs to change is the idea that if you don't use your full budget, your budget gets cut the next year. Therefore people purposely waste money in order to ensure their budget does not get cut. Budgets need to be more efficient and done in good faith. If you don't need as much money this year, that should not affect how much money is awarded next year. Monies should be awarded on need, not on a precedent.
     
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  16. The Voice

    The Voice Best in the World

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    It's time to open up more ways to increase revenue. Legalizing marijuana and Internet gambling is a good start. This will in turn reduce the amount we spend fighting the 'war on drugs'. Mandate tax revenue from both to go towards the deficit.

    Get rid of the wasteful spending as well.
     
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  17. OptimusPrime

    OptimusPrime Back in 2002

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    The war on drugs give them excuses they need to implement new police state measures. They will never let it go.
     
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  18. southernflyer

    southernflyer Situational Stopper

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    The war on drugs is the domestic military complex. No war on drugs means every city doesn't need a swat team, helicopters, drones, tazers for every officer. There would be less need for surveillance, less software systems with tracking capabilities. Harder to illegally search vehicles, people and property if the "smells like weed" or "I see a bong" excuses are taken away. The officers wouldn't need Robocop armor pulling people over for speeding tickets.

    Not going to happen, the feds will fight it tooth and nail.
     
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  19. The Voice

    The Voice Best in the World

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    They'd still be able to bust people for harder stuff.
     
  20. southernflyer

    southernflyer Situational Stopper

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    Yes, police and ATF would still go after other drugs.

    Looking at New York City, over 50,000 people were arrested there in 2010 for minor marijuana possession, which was 15% of all arrests. The FBI's crime stats showed 12.4 millions arrests in 2011. 1.5 million of those were for drugs, and 49.5% of those were for marijuana. One arrest every 42 seconds in the nation for pot.
     

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