Comments on: Can Congress pull back from the brink? http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: starbuc http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68961 Fri, 14 Dec 2012 17:52:02 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68961 I’m betting with Simpson-Bowles on avoiding the fiscal cliff, which is more about politics right now than fiscal policy. Congressional Republicans place party loyalty ahead of tax relief for most Americans — not a wholesome political strategy. Resisting more taxes on the wealthy, GOP leaders offer trickle down economics theory to the middle class. This is like putting lipstick on a pig, given their tenuous position. The first thing over the cliff may be Republican credibility.

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By: Samrch http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68955 Fri, 14 Dec 2012 02:06:31 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68955 They are worrying about the bond holders when unemployment is still high. From what read there was something like the fiscal cliff in many states that lasted for years.

If they are worried about debt how come they do not review the basic ideas behind our trade policy which has bee a failure for decades. An economic unit must sell (exports) as much as it buys (imports) or go into debt. The WTO rules and that of those economist that do not look real world results of ideas, say taxing excess imports is a no-no and taking steps to see local exporting firms get founded is export subsidies also a no-no.

Obviously if do not want to have the lowest wages,and want to have a growing population (children do not work but consume resources like education)and grannies that are not begging, you not the low cost international producer. But do not have to be, if you limit imports, and tax the non-exporting parts of the economy to support the needed exports.

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By: billyb212 http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68948 Thu, 13 Dec 2012 17:57:48 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68948 When will politicians just do what is the best thing to do it should not mater if it is a democrat or republican idea if it is right for the country. both parties will shoot down a good idea just becaus it was the other parties idea. that is not what they were elected to do.

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By: pavoter1946 http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68941 Thu, 13 Dec 2012 16:35:22 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68941 In 2008, there were not Tea Party Congressmen, determined to prove that government cannot work.

And they have insulated themselves from the fallout from any failure to compromise.

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By: tmc http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68938 Thu, 13 Dec 2012 16:16:25 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68938 I think both parties realize that we need to go over the cliff. It is the only way we will be able to actually cut anything. Politicians can only give things away, not take them back. That goes for both parties.

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By: Gordon2352 http://blogs.reuters.com/great-debate/2012/12/13/can-congress-pull-back-from-the-brink/#comment-68936 Thu, 13 Dec 2012 15:41:22 +0000 http://blogs.reuters.com/great-debate/?p=16201#comment-68936 You are basically correct, “A deal is likely to get done – eventually. The question is, how much economic uncertainty – and damage – Americans will have to endure until then?”.

However, you are a good deal more optimistic than I am.

A good companion article to this piece is this one on “Why Republicans Can’t Propose Spending Cuts”, which is more realistic.

http://nymag.com/daily/intelligencer/201 2/12/why-republicans-cant-propose-spendi ng-cuts.html

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