General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFiscal Cliff = Military Cuts. That alone tells you there WILL be a deal...
Frankly, I'd pay a little in extra income tax if they cut the military and let SS and Medicare alone. If nothing else, just to set a precedent that the military COULD be cut.
MADem
(135,425 posts)cbrer
(1,831 posts)I'm writing this from Kabul. I will not even try to describe the piles of unused equipment. The building supplies wasted. The construction we'll walk away from.
The priorities lay in 2 main areas. Getting out of Afghanistan. Maintaining the growing consesnus in the American populace.
I'm convinced we can do anything with those!
*edited for redundancy...
sad sally
(2,627 posts)the "magic" 2014 date - which will be too late for some.
*those who support the troops but don't support the forever wars the US MIC and politicians want to be 'enduring.'
cbrer
(1,831 posts)I'm a contractor. Not a soldier. But we all witness waste!
Junkdrawer
(27,993 posts)In fact, the problem with the fiscal cliff is precisely the opposite: The tax hikes and automatic spending cuts that would kick in after Dec 31 would sharply curb our federal deficit through enacting major, sudden austerity measures that would save the U.S. government about $720 billion in 2013 alone, according to the Bank of Americas estimates, which would be about 5.1 percent of GDP.
If we let all of those changes [happen], there would be a sharp reduction in the budget deficitin decline in debt to GDP, falling deficits as a share of GDP, says Chad Stone, chief economist at the Center for Budget and Policy Priorities. Its all a dream for people who want really sharp austerity.
So the reason that the fiscal cliff could push us into another recession in 2013 is because it enacts too much deficit reduction upfront, not too little. By contrast, the reason that Europe became mired in a fiscal crisis in the first place is because profligate nations havent done enough to curb their spending and raise revenue to their more fiscally responsible neighbors satisfaction.
....
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/11/09/the-fiscal-cliff-is-an-austerity-crisis/
Scuba
(53,475 posts)beachbumbob
(9,263 posts)obama and come jan 1, all out taxes go up and spending cuts kick in........I suspect the zealots to keep doing what they do, deny reality
no big deal, I'm prepared to pay more if that what its takes to put the dagger in the heart of the gop
PD Turk
(1,289 posts)About this "fiscal cliff" thing. He should send boner this simple message. " Okay John let's go, do you want to be Thelma or Louise?"
Hippo_Tron
(25,453 posts)I think there's a very real chance that the defense cuts stand to some extent.