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Harmony Blue

(3,978 posts)
Thu Dec 20, 2012, 09:49 AM Dec 2012

Giving the current events is anyone now for going over the cliff?

My position has been that it is necessary to do so for a variety of reasons. But based on what we know my position is being fortified that this must happen. No "grand bargain" must take place or else lasting damage will be done to the psyche of the American people.

Go over the cliff, and pick up the pieces from there. Pointless to argue that we can "avert" disaster by creating a disaster with a bad compromise.

It is as simple as that. I am curious though if some people have changed their opinions on going over this supposed "fiscal cliff?"

11 replies = new reply since forum marked as read
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Giving the current events is anyone now for going over the cliff? (Original Post) Harmony Blue Dec 2012 OP
Best now, then 2 years from now Riftaxe Dec 2012 #1
Yeah doing nothing Harmony Blue Dec 2012 #3
I do believe it is called Riftaxe Dec 2012 #5
That is a more accurate term Harmony Blue Dec 2012 #6
Sadly, we are in agreement there. nt Riftaxe Dec 2012 #7
Maybe they are waiting to see if the Mayan Apocalypse takes place LiberalEsto Dec 2012 #2
I have always been in favor of going over the fake cliff. nt bemildred Dec 2012 #4
I haven't changed my opinion Liberalynn Dec 2012 #8
Hell yeah go over nt newfie11 Dec 2012 #9
Not me, and here's why.... Volaris Dec 2012 #10
Over the cliff! I'm all for it. sinkingfeeling Dec 2012 #11
 

LiberalEsto

(22,845 posts)
2. Maybe they are waiting to see if the Mayan Apocalypse takes place
Thu Dec 20, 2012, 09:55 AM
Dec 2012

and the fiscal cliff becomes a moot issue.

 

Liberalynn

(7,549 posts)
8. I haven't changed my opinion
Thu Dec 20, 2012, 10:11 AM
Dec 2012

I said from the begining I think we should go over now, and let the new Congress handle the fix. The Lame Ducks shouldn't be allowed to negotiate on a deal this important. They lost for a reason.

The problem with that is I am not sure the next Congress will do any better. WE are still going to have block heads like Ryan, Cantor, and Boner the mix.

Volaris

(10,274 posts)
10. Not me, and here's why....
Thu Dec 20, 2012, 10:19 AM
Dec 2012

Howard Dean is right. Going off will throw the national economy back into a recession that will last appx. 2 quarters. After that, Wall Street will settle into the "new normal", and when they realize that the increased revenue streams comming into the Treasury, along with the spending sequestration will have a net positive effect on T-bill and Bond ratings (or something to that effect) Wall Street will say, "Fuck it, lets use that as a backstop/failsafe and start investing again" and the economy will pull itself out of that recession and take off like a rocket. After that they will say, "we don't much care that our tax rate is back at the Clinton levels, cause were making money hand over fist again."

Yes, some of the cuts to human services will hurt like hell in the short term, but the GOP will probably get the lion's share of the blame for the second recession, get kicked the hell out of control of the House in 2014, and then a lot of that can probably be re-instated.

I say go over that fucker. It's the deal that the GOP WANTED for holding the debt ceiling hostage 2 years ago. Let em own that shit, (and we'll see if they're dumb enough to try THAT again lol).

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