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JEFF9K

(1,935 posts)
Sun Dec 16, 2012, 11:18 AM Dec 2012

FISCAL CLIFF'S NOTES

FISCAL CLIFF'S NOTES

SUMMARY: “Fiscal cliff” was popularized by Ben Bernanke to describe what will happen at the beginning of 2013 if certain laws dealing with taxation and spending cuts aren't changed before then.

MAIN CHARACTERS: Ben Bernanke, President Obama, John Boehner.

THEME: Democrats win election, based partly on plan to make rich people pay their fair share of taxes. Republican Party doesn't care, wants to stick to game plan of representing 1% and punking 50%.

COMMENTARY: If you compromise with the dumba$$ ideas of the Republican Party, you will get half-a$$ed results.

NOTE: This post is not intended as a substitute for reading the entire Wikipedia article.

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FISCAL CLIFF'S NOTES (Original Post) JEFF9K Dec 2012 OP
The Bush tax breaks will expire, everything else will fall into place. There is no cliff. Sunlei Dec 2012 #1
let them expire JEFF9K Dec 2012 #2
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