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That Fiscal Cliff

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07 Nov 2012 15:01 #110131 by ketchim
Just dont fall off  ::redcard::

                                 

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07 Nov 2012 15:03 #110132 by ketchim
The so-called "fiscal cliff" has been on the horizon for two years :

but now the 31 December deadline is almost here......

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07 Nov 2012 15:04 #110134 by ketchim
Both sides agreed in August 2011 to set up a bi-partisan committee to find ways of

capping US government spending over 10 years :

plus find another $1.2 trillion in savings over the period...... ::eek::

The committee set its own ticking timebomb.

Fail to reach a deal by 31 December, and automatic spending cuts would be triggered.

The committee failed.

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07 Nov 2012 15:07 #110135 by ketchim
The USA will be staring over the fiscal - or financial - cliff... :blank:

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07 Nov 2012 15:14 #110138 by ketchim
That Independent elected in Maine sounds like a no nonsense chap !

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07 Nov 2012 15:39 #110152 by ketchim
How do U get New Revenue ?

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07 Nov 2012 15:39 #110153 by ketchim
NOT taxation ... ::lol::

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07 Nov 2012 15:44 #110154 by ketchim
Cost of Labour would be too high for the Manufacturing sector !

Even though i think Hispanics should be on the Assembly Lines... :blank:

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07 Nov 2012 15:45 #110155 by ketchim
Ban the Unions ?  ::redface::

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07 Nov 2012 15:51 #110157 by Snoopster

Taxation Bro.  Hammer those wealthy fcukers who got away like bandits during 8 years of Bush.

The other tried and test method for American prosperity is the military industrial complex.  Nothing creates jobs (especially in the manufacturing sector) like wars.  So expect Obambi to ramp up the military rhetoric for the middle east in the next 4 years.

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  1. Forum
  3. Political Opinions, Commentaries on Current Issues
  5. The Water Cooler!
  7. That Fiscal Cliff
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