Comments on: Post fiscal cliff: The fix is in http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/ Thu, 23 May 2013 00:16:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Mutantone http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/comment-page-1/#comment-69673 Mutantone Fri, 04 Jan 2013 02:41:19 +0000 http://blogs.reuters.com/great-debate/?p=16628#comment-69673 And if we tried to run our households like this how soon would people understand that it can not work? You can not keep spending when there is no money coming in and not establish an even great debit that can not be paid for. As Obama thinks that by spending more it will somehow even out, seems to be just his style of governing or lack of it. No budget for his term in office and now the fiscal cliff has also just been pushed back for a couple of months not solved that seems to be the Obama way. And if we tried to run our households like this how soon would people understand that it can not work? You can not keep spending when there is no money coming in and not establish an even great debit that can not be paid for. As Obama thinks that by spending more it will somehow even out, seems to be just his style of governing or lack of it. No budget for his term in office and now the fiscal cliff has also just been pushed back for a couple of months not solved that seems to be the Obama way.

]]> By: possibilianP http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/comment-page-1/#comment-69616 possibilianP Wed, 02 Jan 2013 22:17:16 +0000 http://blogs.reuters.com/great-debate/?p=16628#comment-69616 Sounds like you are saying we need to stop trying to grow the economy and start balancing the budget in the middle of a depression. Please go take an economics course, make a passing grade, and then maybe come back and write an intelligent article concerning US macro-economics. To see what happens when an economy does what you suggest, just look across the Atlantic at Europe. Governments need to work counter-cyclically to balance the extremes of booms and busts. You suggest that we need to cut back further during a bust. Why not instead impose all sorts of balancing measures to occur when the economy recovers and then begins to over-heat in the next bubble? Sounds like you are saying we need to stop trying to grow the economy and start balancing the budget in the middle of a depression. Please go take an economics course, make a passing grade, and then maybe come back and write an intelligent article concerning US macro-economics. To see what happens when an economy does what you suggest, just look across the Atlantic at Europe. Governments need to work counter-cyclically to balance the extremes of booms and busts. You suggest that we need to cut back further during a bust. Why not instead impose all sorts of balancing measures to occur when the economy recovers and then begins to over-heat in the next bubble?

]]> By: ptiffany http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/comment-page-1/#comment-69613 ptiffany Wed, 02 Jan 2013 21:01:42 +0000 http://blogs.reuters.com/great-debate/?p=16628#comment-69613 Oops! Who ARE affected by FICA, if not income taxes... Oops! Who ARE affected by FICA, if not income taxes…

]]> By: ptiffany http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/comment-page-1/#comment-69612 ptiffany Wed, 02 Jan 2013 21:00:12 +0000 http://blogs.reuters.com/great-debate/?p=16628#comment-69612 The GOP should be ecstatic! There wasn't even an attempt to maintain the progressive "Payroll Tax Holiday" or the 2% reduction in FICA. Now, FICA reverts to the regressive tax that brings in more than the income tax that some of the One Percenters actually pay. So, taxes did go up - substantially - on the non-wealthy classes who aren't affected by FICA! So, everybody lied. The GOP should be ecstatic! There wasn’t even an attempt to maintain the progressive “Payroll Tax Holiday” or the 2% reduction in FICA. Now, FICA reverts to the regressive tax that brings in more than the income tax that some of the One Percenters actually pay.

So, taxes did go up – substantially – on the non-wealthy classes who aren’t affected by FICA!

So, everybody lied.

]]> By: keebo http://blogs.reuters.com/great-debate/2013/01/02/post-fiscal-cliff-the-fix-is-in/comment-page-1/#comment-69607 keebo Wed, 02 Jan 2013 19:21:24 +0000 http://blogs.reuters.com/great-debate/?p=16628#comment-69607 The problem is the debt crisis is real. We are at the point where we will not be able to successfully "grow" our way out because our debt is outpacing our ability to pay it back even with growth. Growth in our past has been possible due to it being debt fueled. This debt is more than just public but is also private and unsustainable. The fed being an immoral relativists bunch will most likely steal more from the productive savers and inflate our way out. This can get out of control no matter that Bernanke is 100% confident of his omniscience. Kind of creepy isn't it. The problem is the debt crisis is real. We are at the point where we will not be able to successfully “grow” our way out because our debt is outpacing our ability to pay it back even with growth. Growth in our past has been possible due to it being debt fueled. This debt is more than just public but is also private and unsustainable. The fed being an immoral relativists bunch will most likely steal more from the productive savers and inflate our way out. This can get out of control no matter that Bernanke is 100% confident of his omniscience. Kind of creepy isn’t it.

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