Discussion:Political class, media drive clueless buffalo over "cliff"

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Discussion Forum Index --> General Chat --> Political class, media drive clueless buffalo over "cliff"

CrowJD (talk|edits) said:

26 November 2012
Cliff Buffalo excrement roundup.

New crisis manufactured over weekend. White House: there will be no Christmas without solving the cliff.

Hmmmmm. I saw zero evidence of that this weekend at the stores. The stores were packed. A billion dollars was spent on Black Friday just on internet purchases.

New crisis: toilets will stop working if we don't solve this terrible cliff.

Toilets seem to be working fine.

The cliff compromise legislation (fake sword of Damocles) was made by us, it can be repealed by us, we can then raise the debt ceiling and have a rational discussion about the budget.

I'm pleading with the American people not to be herded over a fake cliff.

Ukbones (talk|edits) said:

26 November 2012
"Cliff Buffalo excrement roundup."

I'm looking forward to the opportunity to use this quote.

Kevinh5 (talk|edits) said:

26 November 2012
Did you read Bernanke's comments?

CrowJD (talk|edits) said:

26 November 2012
Thanks, Kevin; I'll try to find them.

I read what Buffet had to say a week or two ago. He said that it would be a bump in the road if we went into Cliff territory, but nothing earth shattering.

The cliff was just an invention by our President and the Congress to try to reach a compromise some months ago. A law.

Laws can be changed.

You may not be able to change the direction of a hurricane (an example of a true crisis), but you can change a law. Repeal the cliff law, then just raise the debt ceiling like mature men and women, and then we can have a rational discussion of the issues.

I'll try to find Bernanke's comments, I guess they were made within the last few days? In my opinion, what really worries the foreign markets is us playing games with the debt ceiling, the raising of which used to be an almost automatic activity. We do need to take our debt seriously, but we need to wait until our economy (and the world economy) are on firmer ground before we begin to deal with this so-called crisis.

"Cliff Buffalo excrement roundup." lol. The airwaves and the internet are full of it now. Unbelievable as the lemmings just can't wait to jump over the edge.

PollyAdler (talk|edits) said:

26 November 2012
Right after an election is a great time to screw people.

They need the "crisis" to get this dog passed in the hopes that the public will forget about it before the next election cycle.

I would play Frank Zappa's "Ram it up the *beep, *beep" right now, but I do have standards.

Snowbird (talk|edits) said:

27 November 2012
" can have a rational discussion of the issues" ... get serious, go back and read your postings about Republicans for the last 12 months and tell me any discussion would be rational. The best bet we have as a country is that a good speed bump will slow things down enough that we won't hit the wall later. If we do what you suggest, kick the can down the road, there will be no balance between revenue increases and reduction in expenditures (entitlements of which I am a beneficiary). The only incentive the Dem's and the POTUS have to compromise is that if we go off the Fiscal Cliff and into a deep recession, history will not remember Boehner, but will remember Obama's Presidency as a failure. Hoover and Carter are good examples ... who remember the leader of the opposition party?

Snowbird (talk|edits) said:

27 November 2012
postscript: Buffett is a sly old fox ... have you ever heard him advocate for closing corporate loopholes (such as his companies not paying dividends) or capping charitable giving? He is willing to to increase the personal income taxes because much of his personal wealth is not subjected to taxes (even at the lower dividend rates) because of corporate loopholes and his charitable giving.

CrowJD (talk|edits) said:

27 November 2012
The United States is a good credit risk. It will remain a good credit risk for sometime to come, and the rest of the world knows this. For many reasons we are the only game in town because our numbers are at least somewhat trustworthy. China knows this. Europe knows this. The world knows this, and Bernanke knows this (whether he says it or not).

This whole thing is being whipped into a frenzy by wealthy people of both parties who want to pay for their "big party" by putting the debt on the backs of the poor and the middle class in America, for years to come.

Case in point: Obama signed the Bush Extension? of December 2010, (the one that had the estate tax legislation) at a cost to our Treasury over ten years of $698 billion dollars. At the time this was signed, our country was basically flat broke.

It's not just the Republicans, it's rich and excessively greedy people who are playing an end game, and hope to get away with it. They probably will get away with it, for a while.

The patriotic rich people will take an itsy bitsy tax increase for a few years...but you middle class people, the poor people...why you take your medicine in the form of permanent changes and cuts to entitlement programs which have contributed greatly to the stability of our nation over the years. We still need them. The goal of course is to ultimately destroy the so called entitlements programs altogether. Ironically, this destruction of entitlements will not be good news for the rich down the road, but they are too short-sighted to see that right now. Well good, they should be forced to reap what they sow.

The United States will continue to be able to sell it's debt at good rates. It's our failure to raise the debt ceiling in a rational way which is creating anxiety overseas because it shows instability and loss of reality among some of our citizens (see e.g. Louie Gomert).

Now is not the time to adopt a mini-austerity program in the U.S. Wait until our economy is stronger and talk about it then.

Snowbird (talk|edits) said:

27 November 2012
"The United States is a good credit risk ... we are the only game in town." Impeccable reasoning , so why not loan me a million because I am obviously a better credit risk than Polly or Gazoo?"

Regarding high speed trains, you may find this interesting about US Rail."our freight rail is the envy of the world, carrying over 40% of our intercity cargo. Trains carry much less of Europe’s freight, which is why trucks clog Europe’s highways." US Freight Railroads Found in an old mag in Doc's office :)

CrowJD (talk|edits) said:

1 December 2012
Headline: Despite an array of reasons to avoid government debt, investors are continuing to pile into Treasurys—fiscal cliff or no fiscal cliff.

Foreign demand has remained strong for U.S. debt.


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