Comments on: Fiscal cliffhanger: Ignore the partisans Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: DaveEddleman Fri, 21 Dec 2012 23:55:08 +0000 The writer of this article is a silly person with no understanding of international finance.

By not increasing taxes and implementing massive spending cuts, we are destroying our children’s future, with our massive federal Debt. Mexico defaulted on theirs in 1982. Their money lost 99% of it’s value on the world market in 2 weeks. Google it.

Quoting Bill Clinton ideas for fiscal strength is like quoting Hitler’s ideas for passive government and civil rights.

He passed the banking laws in 1995 which caused the mortgage melt-down, thereby causing the financial melt-down, and signed NAFTA, which sucked jobs overseas. Google both

The truth will set you free if you’re willing to believe it.

By: Antidot_Nyarlat Fri, 21 Dec 2012 08:43:55 +0000 Just you all read Paul Krugman about this “fiscal cliff” thing in the New York Times.

Don´t give in to this Trilateral Comission bullshit. They only want us normals (plebs, prols to them) to pay for what the richest 0.1% lost during 2008/09.

Germany is killing Greece with austerity. Monti (Trilateral Commission) is killing Italy with austerity. And all together are killing Portugal and Spain with austerity. The medicine is worse then the plague. While they do that we germans have to work our ass of to overwhelm the world with our artificially low cost quality products.

This is all insane.

Humanity is a bunch of apes bent on self destruction by exponential growth models.
How can growth by n% per year be stable? Nothing that grows with 3..5% a years is stable. Stable growth is to invite catastrophe because you try to grow beyond all means faster and faster.

CO2 induced Climate change will kill stop us in our tracks and make us from banksters apes into real apes again.

By: jcfl Thu, 20 Dec 2012 19:10:12 +0000 another reference to reducing tax deductions for the wealthy without a hint of which ones to cut. smoke and mirrors. you want the “people” to stand behind you? stop the generalities and start using specifics. that goes for you boehner.

By: upstater Thu, 20 Dec 2012 15:34:20 +0000 The column should be about:

“Ignore the Peterson Institute on the Fiscal Cliff”

Maybe we could take Walker seriously if he took aim at the DoD and “all things security”, which is the vast majority of the discretionary budget. But to Peterson & clones and Obama, maintaining empire is Job #1.

Walker should advocate taxing carried interest and capital gains as ordinary income and make it subject to FICA, plus return to steeply graduated income tax rates.

But Walker will not bite the hand that feeds him — the billionaire class and Pete Peterson. He is a useful idiot.

By: Samrch Wed, 19 Dec 2012 06:54:22 +0000 In a time of high unemployment paying off the bondholders should be differed it will only reduce demand. The need for social programs go up in times of high unemployment not down. The rich and the poor get hit hardest by recessions although it seems to be over for the rich. The owners of businesses have fixed costs that have to be covered when sales go down.

People with secure jobs are hit the lest.

In short neither side is looking at the reality of the timing of their proposals.

The one area of debt that can be addressed in times of high unemployment is trade deficits (trade debt). We have failed trade policies which is a source of debt for decades. Along those lines making American firms more competitive would help. Encouraging break up of firms much larger than economic scale and merger of those smaller would held create many competing firms near economic scale. We pay more for education and health care than most advanced nations and both has giving poorer results than that in most nations. Many sources are blaming corruption for the educational problem, high paid non-teachers and services and hiring the politically correct. In health care we need more supply if we have more demand. That means incentives to students (free medical school) and creating new independent (not part of local cartel of hospitals) teaching hospitals.

By: tmc Tue, 18 Dec 2012 22:30:43 +0000 Is “Fiscal Cliff” America’s term for Austerity?

By: brotherkenny4 Tue, 18 Dec 2012 17:09:01 +0000 The politicians on both sides and the press are more concerned with the investor class. That’s why they act like this is an emergency. What will happen if we go off the cliff? the stock market drops and investors lose. One could argue that eventually everyone will be affected by a decline in stock prices. You know, less jobs (those wonderful jobs working for little napolean monsters for what essentially amounts to scraps)higher consumer prices etc. I would argue that if your a wage slave, you are still a slave, your life will be to remain as a slave. You will be held firmly on a chain of your very own. For you, the “cliff” is more of a half step down. However, that has been the trend for you for the last three decades, so by now you should be used to it. Of course too, it’s your own fault because you vote these guys in and you believe the falsehoods their minions in the media spew at you. You know you are slaves when the government makes you pay for the banks failings. You know you are a slave when you are forced to pay for wars and send your sons to die for oil companies. You know you are a slave when they will cut medicade and medicare just to keep tax cuts for the wealthy. You know you are a slave when major corporation require you to pay tax dollars to make up for their failings (think car companies). You know you are a slave when you are not free to do as you wish with your body. You are here for the wealthy and their enjoyment.