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What is BATNA and What Does It Have to Do With The Fiscal Cliff
#1
Must-read:

http://www.washingtonpost.com/business/e...story.html

I love pragmatic articles like this.



Fiscal cliff will cause a 4% contraction in GDP because of automatic government spending cuts, with automatically qualifies the economy to be in a recession. Those spending cuts are largely centered around defense and also some social safety net. The poison pill was created during House negotiations in exchange for extending the temporary Bush payroll tax cuts and the debt ceiling postfix.

It was the round of negotiations that also caused Moody's to downgrade U.S.'s sovereign debt rating where these provisos were created.


Over on page 2 the author goes EXACTLY into what I was saying all this week: Business leaders don't fucking care who is not budging an inch--they don't want to go over the cliff. At all. So House GOP members right now are being POUNDED by Lobbyists and I would also imagine the House Banking Committee is also getting personal calls from CEOs all over the United States. If not right now, they will start getting them after everyone wakes up after taking their Thanksgiving dinner nap.
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#2
I believe the cuts are 50% defense, 50% social spending.

BOTH need to be cut by way, way more than 50%.....so i say drive right off that cliff baby. Sometimes healing hurts. Bad.

Oh...and i dont want any new taxes. The 25 or whatever number of new taxes in Obama care are already going to break people's backs.
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#3
Valorius;40293 Wrote:I believe the cuts are 50% defense, 50% social spending.

BOTH need to be cut by way, way more than 50%.....so i say drive right off that cliff baby. Sometimes healing hurts. Bad.

Oh...and i dont want any new taxes. The 25 or whatever number of new taxes in Obama care are already going to break people's backs.

indeed, both need to be cut deeply.

the problem is, republicans don't want to cut defense spending and democrats don't want to cut welfare spending.
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#4
Neither one of them has a choice this time.
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#5
Valorius;40326 Wrote:Neither one of them has a choice this time.

They have choices. Are they willing to make them?
I don't suffer from insanity.
I enjoy every minute of it.
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#6
halftrack;40342 Wrote:
Valorius;40326 Wrote:Neither one of them has a choice this time.

They have choices. Are they willing to make them?

Not sure what choices you are referring to specifically, but dems have said that will not agree to spending cuts without a tax rate increase on $250k+ earners. We are TEA! (Taxed Enough Already)

Republicans are blamed no matter what. So, screw it. Block the dems and let's go over the cliff. The dems are driving. Repubs are simply along for the ride.

Whee.... whee.... whee....
support the agenda to get national reciprocity
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#7
I -would- support a 1% tax, that affects the top 1% wealthiest people in the US.

I just saw a chart the other day....the top 400 richest Americans hold 50% of all net worth in the US, according to this chart, which i now cannot find.
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#8
Even if the rich were taxed 100% of their income it wouldn't put a dent in the deficit. Shrug

Spending cuts need to be done. There's no way around it, and no, raising taxes will not close the gap.
"As I lay rubber down the street I pray for traction I can keep, but if I spin and begin to slide, please dear God, protect my sweet ride."
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#9
Valorius;40428 Wrote:I -would- support a 1% tax, that affects the top 1% wealthiest people in the US.

I just saw a chart the other day....the top 400 richest Americans hold 50% of all net worth in the US, according to this chart, which i now cannot find.

I'm not sure if I would.

I might, if it meant real spending cuts now, not some bullshit slowing of future spending growth and if the increase went directly to paying down of debt along with a no-exceptions declining debt ceiling over the next x years.

Of course, that has a near zero chance of happening. Now, where'd I leave my crash helmet?
support the agenda to get national reciprocity
Small Business Consulting
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#10
longcall911;40448 Wrote:
Valorius;40428 Wrote:I -would- support a 1% tax, that affects the top 1% wealthiest people in the US.

I just saw a chart the other day....the top 400 richest Americans hold 50% of all net worth in the US, according to this chart, which i now cannot find.

I'm not sure if I would.

I might, if it meant real spending cuts now, not some bullshit slowing of future spending growth and if the increase went directly to paying down of debt along with a no-exceptions declining debt ceiling over the next x years.

Of course, that has a near zero chance of happening. Now, where'd I leave my crash helmet?

A 1% tax put entirely towards lowering the deficit would accomplish absolutely nothing. Even ignoring the fact that an approximate 47% of the population doesn't pay taxes. Even then, spending continues to increase and it increases at a rate greater than 1% of everyone's income combined anyway. A 1% tax increase would be a "look see" just like the TSA and equally effective.
"As I lay rubber down the street I pray for traction I can keep, but if I spin and begin to slide, please dear God, protect my sweet ride."
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