Tweet
(photo: mith_y / flickr)
Rules of the Fiscal Cliff
1st RULE: You do not talk about FISCAL CLIFF.
2nd RULE: You DO NOT talk about FISCAL CLIFF.
3rd RULE: If someone says “stop” or goes limp, taps out the fiscal cliff is over.
4th RULE: Only two political parties allowed in a fight.
5th RULE: One fiscal cliff at a time.
6th RULE: No poor, no middle class.
7th RULE: Fiscal cliffs will go on as long as they have to.
8th RULE: If this is your first time at FISCAL CLIFF, you HAVE to believe the world will end
5 Comments
My crystal ball says the poor and the middle class will be screwed and the Department of (*snicker*) Defense is going to do just fine, probably an increase.
After all, look what’s going on in the Middle East right now. That’s going to justify even more bloating in the D of D. Because heaven forbid we just bring our embassy people home and close the doors of the embassies.
#1 & #2 – Duh. People are talking about the fiscal all day…Righties wanna use it as an excuse to screw the Middle & Lower class.
There is no “fiscal cliff.” The CBO’s worst-case scenario is a half-point drop in GDP during 2013, mostly during the first half of the year, followed by normal GDP growth and a flat-lining of the national debt relative to GDP. I’d call that a “fiscal dip” at most.
But there doesn’t need to be even a fiscal dip. All Obama has to do is to let the Bush tax cuts expire on schedule. The national debt will then flat-line relative to GDP, and we’ll all live happily ever after — see figure 2 of this from Center on Budget and Policy Priorities.
All Obama has to do …. har har har. .. You are right of course.
But Obama is our fake-faux-Democrat. He actually works for the really rich, too. So he and the other fakes and Repugnicants will get together after the election, if not before, and come up with some truely awful grand bargain to wreck the safety net and keep the good times going for them what got.
Don’t worry. Be happy.