Senate Fiscal Cliff Doomsday Countdown Thread

Discussion in 'Archive: The Senate Floor' started by Jabbadabbado, Nov 8, 2012.

  1. Platelet Jedi Knight

    Member Since:
    Sep 2, 2012
    star 2
    I don't understand the problem with cutting military funds. If we funded wars in Iraq and Afghanistan for the better part of a decade, but we no longer have an active presence in Iraq, why can't the budget be reduced to reflect that?
  2. Rogue_Ten Chosen One

    Member Since:
    Aug 18, 2002
    star 7
    because defense contractors are powerful and the electorate is stupid

    because Capitalism
    Last edited by Rogue_Ten, Nov 11, 2012
  3. Darth Guy Chosen One

    Member Since:
    Aug 16, 2002
    star 10
    We might need to defend ourselves against a North Korean or Iranian invasion!
  4. annikinstarkiller Jedi Master

    Member Since:
    Jul 16, 1999
    star 1
    My money is on us "defensively" protecting ourselves by invading Iran first. Unless the new fearless leader does something typically North Korean and stirs the pot.

    On the fiscal level, I wouldn't actually object to a much smaller defensive budget. Not the conspiracy type, but makes you wonder if all those trillions don't provide enticement to use-it-or-lose-it with the military. A war does justify spending, and nobody argues against supporting the troops.
  5. AAAAAH Jedi Knight

    Member Since:
    Nov 8, 2012
    star 4
    we might have to defend ourselves against russia.
  6. Obi-Zahn Kenobi Jedi Grand Master

    Member Since:
    Aug 23, 1999
    star 7
    I'm really confused. I thought everyone was just misspelling "physical cliff".
    Summer Dreamer likes this.
  7. Ghost Force Ghost

    Member Since:
    Oct 13, 2003
    star 6
    I really, really don't think this will happen... but some are throwing around the idea of making a new "Carbon Tax" part of the Grand Bargain on the fiscal cliff:
    http://www.reuters.com/article/2012/11/08/us-carbon-tax-fiscal-cliff-idUSBRE8A71IU20121108

    Meanwhile, Bill Kristol says it's stupid for Republicans to keep opposing tax increases on the wealthy, that it's not where they should make their stand and that half of millionaires vote for Democrats anyways:
    http://www.huffingtonpost.com/2012/11/11/bill-kristol-taxes-millionaires_n_2113671.html
  8. TheShinyLightsaber Jedi Youngling

    Member Since:
    Sep 3, 2012
    star 1
    As a student of Economics, I just have to say that no compromise would help. The only solutions to the problems are so far right of either party, that they will do nothing to help. To solve the problem, eliminate the Federal Reserve Bank, stop borrowing money, do not bail out anyone, shrink the federal government, lower regulation, stop favoring one company over another (corporatism), lower taxes (Stop class warfare). That is in short.
    Last edited by TheShinyLightsaber, Nov 11, 2012
  9. AAAAAH Jedi Knight

    Member Since:
    Nov 8, 2012
    star 4
    hey i love you, by the way.
  10. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    FISCAL CLIFF.
    Rogue_Ten likes this.
  11. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    lol, "as a student of economics..."

    If you're a student of economics I'm the last surviving son of Krypton.
  12. Rogue_Ten Chosen One

    Member Since:
    Aug 18, 2002
    star 7
    im going to the grand canyon tomorrow and strongly considering going through with it
  13. AAAAAH Jedi Knight

    Member Since:
    Nov 8, 2012
    star 4
    farewell, rogue ten
  14. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    What? Throwing yourself off a FISCAL CLIFF?
  15. Bender666 Jedi Padawan

    Member Since:
    Oct 30, 2012
    star 2
    You could probably make some cash off of that if you were a student of economics.
  16. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    Esp since the grand canyon would be somehow public and yet privatised under the magic yet BS world of Austrian economics.
  17. Bender666 Jedi Padawan

    Member Since:
    Oct 30, 2012
    star 2
  18. Platelet Jedi Knight

    Member Since:
    Sep 2, 2012
    star 2
    I just got some bad news tonight. In anticipation of the fiscal cliff, the NIH is only finding the top 6% of research grant submissions. To put this in perspective, it's been around 8-10% for the past few years, and we all thought we'd hit the worse case scenario. About a decade ago, funding was around 20%. This could potentially ruin research institutions, and would feed into the economic collapse.
  19. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    May I present Rogue_Ten:

    [IMG]
    Last edited by Ender_Sai, Nov 11, 2012
  20. TheShinyLightsaber Jedi Youngling

    Member Since:
    Sep 3, 2012
    star 1
    Yeah for liberty! I hope they get to fund 0% very soon.

    Buncha socialists.
  21. Lowbacca_1977 Jedi Master

    Member Since:
    Jun 28, 2006
    star 6
    Further posts not actually discussing the fiscal cliff itself, solutions to, politics of, etc, will be edited out.
  22. yankee8255 Jedi Grand Master

    Member Since:
    May 31, 2005
    star 6
    Given that the estate tax would revert back to pre-Bush era levels (55%, only the first $1mil exempt) if a deal isn't reached, I've asked my parents to either die now or wait until a deal is reached.
  23. Vaderize03 Manager Emeritus

    Member Since:
    Oct 25, 1999
    star 5
    Get an estate planning attorney.

    You can put assetts in an irrevocable trust (or a breakable one, even) to protect them from estate taxes.

    There's no way the GOP, with so many wealthy members and donors (or the Democrats, come to think of it), are going to allow that one to stand. No way.

    Peace,

    V-03
  24. yankee8255 Jedi Grand Master

    Member Since:
    May 31, 2005
    star 6
    Estate planning long done, but even that has its limits. €5 mil exemption eliminates the need fo rmuch of it.

    And, btw, I was kidding.
  25. Ender Sai Chosen One

    Member Since:
    Feb 18, 2001
    star 10
    Can anyone explain the rationale of estate tax? Besides the state's pathological need to dip into money that's not theirs nor have they done an ounce of work for.

    Bearing in mind that the estate was not created on pre-tax monies.
    yankee8255 likes this.