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Sun Dec 16, 2012, 10:18 AM

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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Reply FISCAL CLIFF'S NOTES (Original post)
JEFF9K Dec 2012 OP
Sunlei Dec 2012 #1
JEFF9K Dec 2012 #2

Response to JEFF9K (Original post)

Sun Dec 16, 2012, 12:56 PM

1. The Bush tax breaks will expire, everything else will fall into place. There is no cliff.

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Response to Sunlei (Reply #1)

Sun Dec 16, 2012, 08:08 PM

2. let them expire

We should let them expire, then deal from a position of strength.

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