gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 01:51 PM |
See, the incoming crash dubbed as 'The Fiscal Cliff' is actually good for the economy if we decide to run over it and let those tax cuts expire. The Fiscal Cliff is not even the problem it is part of the solution. Due to the fact, that it is actually large enough to restore fiscal balance before a real disaster occurs. That disaster will may take the form of a dollar and/or sovereign debt crisis that will make this fiscal cliff look like an ant hill.
Now you may ask why is the media making such a big deal about it then instead of worrying about this disaster that will take place if they extend the tax cuts? Well, for the moment let's just really look at the situation at hand.
The fiscal cliff is just a legal trigger. That will trim the deficit with tax dollars rather then, paying our bills with debt witch is what both parties and the public both want at the end of the day right?
The fiscal cliff means the Federal Deficit will immediately be cut in half to approximately 643 billion instead of our overweight 1,1 trillion dollar deficit that we have gotten into, What is so terrible about that? I know that the costs of not driving over this hill, could arguably be the greatest threat our economy and monetary system has ever seen. Witch could be the last one we would ever see as the world would see us for what we actually are. Witch is being bankrupt.
This fiscal cliff was not actually created by the expiration of the Bush era, tax cuts. If you recall it was created by Congress. Last year when they "Congress" could not find ways to trim the deficit in exchange for raising the debt ceiling. When they failed to reach an agreement, Congress knew they had to raise the debt ceiling anyway. the result being the Budget Control Act of 2011, signed in August of that year, offered the pretense that they were dealing with our long-term fiscal crisis and not simply raising the debt ceiling with no strings attached.
This was not only done to appease House Republicans who threatened to vote against the entire debt increase. But also, to satisfy the bond rating agencies that had threatened a down-grade if Congress failed to act.
There is no doubt that the economists are assuring politicians that driving over the fiscal cliff will immediately bring on a recession. Costing the taxpayers billions of dollars.. Any politician who wants to get reelected will not allow this to happen.
As little as Congress gets done while they are in office there is no doubt they will reach a agreement again. As history tends to repeat itself for those who do not learn from it. That agreement will only replace the one we have now with one farther down the road. (Which they can easily dismantle before we actually reach the precipice.)
If we lack the courage to go over this fiscal cliff, why should anyone think we will be able to stomach going over the next one? Especially since every time we delay going over this cliff we simply increase its future size, making it that much harder to actually go over it.
There is no coincidence that we are facing 2 paths. If we go over this cliff we will be able to detox and recover. The other will make us face the reality later down the road that we are in a much worse predicament then Greece ever was/is. However i am afraid that we will choose to not detox but, instead overdose on the phony wealth we have.
The government should allow itself to fall over the cliff, and recover otherwise we shall continue walking in the footsteps of the Great Byzantine/Roman Empire. --------------------------------------------------- If it was to long and you did not read it please do not bother to post. I wish to keep this as, clean as possible. |
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fang13674
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| Joined: 12 Aug 2008 |
| Total Posts: 23299 |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 01:55 PM |
| Then do not post. Tell me your incredible theory of spamming a topic. Why do post if you can not bother to read it? |
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| 27 Nov 2012 01:56 PM |
Well this is cool. This posts are actually making me want to go into economics and political science more. Also, we will probably fall eventually anyway. If Greece and other countries didn't have the same problem, other countries would notice and we'd be screwed over.
~And then Cosmonius tripped on a bug~ |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 01:56 PM |
| *Why post if you can not bother to read it. |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 01:57 PM |
| Yes, the Eurozone problem is helping us actually. As people are more focused on Greece, Italy and etc so they do not notice the real disaster ahead. |
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stin88
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| Joined: 15 Oct 2009 |
| Total Posts: 5546 |
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| 27 Nov 2012 02:04 PM |
@Jumble
>4k posts
I have nearly 5 times as many posts as you, if you're trying to imply that post count matters.
~And then Cosmonius tripped on a bug~ |
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| 27 Nov 2012 02:15 PM |
Every country or empire falls. The Ottomans fell, so did the great Byzantine empire. The Safavids fell, and the Mughals with them. Ivan IV's vast empire and cruelty went down with him. The cruelty, at least.
~And then Cosmonius tripped on a bug~ |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 02:19 PM |
">480 posts
get out" Posts have nothing to do with how smart or knowledgeable somebody is, You really have to be unintelligent to honestly think that,
"America will never fall."
Learn your history. Empires fall all the time. Here is a list of them.:Egyptian Israel/Judah Lebanon/Tyre Phoenician Bablyonian (modern Iraq area) Persian (modern Iran area) Indian (Indo- Macedonian Greek Greek Carthaginian Roman Hun Han Tatar Mongol Chin/Chinese Mongol-Chinese Venetian Hanseatic Mayan Toltec Aztec Incan Nordic/Viking Spanish Austro-Hungarian Swedish Siamese Iroquoisan Siouxan Zulu Turkish or "Ottoman" Austro-Hungarian Prussian Napoleonic Russian German Japanese British |
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| 27 Nov 2012 02:21 PM |
Also the Indus Valley civilization fell not long after it began. And the Tatars and Mongols are the same thing. The Russian empire, while controlled by the Mongols, called them Tatars.
~And then Cosmonius tripped on a bug~ |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 02:23 PM |
Tatar became the government of Russia. The Tatars just paid the Mongols to leave them alone. Also "you must be unintellegent
this is an anti-intelligent theory zone"
How can you call somebody unintelligent when you can not even spell "unintelligent"? |
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| 27 Nov 2012 02:24 PM |
Must've misinterpreted my history book then.
~And then Cosmonius tripped on a bug~ |
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| 27 Nov 2012 02:25 PM |
| Conclusion: Even with Obama, I have no more trust in America. |
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| 27 Nov 2012 02:29 PM |
| Great job posting this to the morons of OT, they dont understand the big words you used. |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 02:29 PM |
I am sure, that people of your intellectual breed are geniuses. #Sarcasm
"Conclusion: Even with Obama, I have no more trust in America."
That shouldn't be the conclusion you draw from it. The real conclusion is the idiots in office "Republican and Democrat" avoid going through the hard time of fixing our economy. But, in turn are letting it fall in the long run.
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iCumulus
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| Joined: 24 Jun 2012 |
| Total Posts: 5819 |
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| 27 Nov 2012 02:31 PM |
| I happen to think that Fiscal Cliff is fun to say |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 02:31 PM |
@The real commander That post wasn't to you it was to JumbleBee5. I would have posted it in a economy section of the form. But, there is none so it fit here. |
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| 27 Nov 2012 02:32 PM |
World Wide Chat is a nice forum. It's the only one where you're allowed to discuss politics.
~And then Cosmonius tripped on a bug~ |
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gamert7
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| Joined: 18 Nov 2008 |
| Total Posts: 4986 |
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| 27 Nov 2012 02:34 PM |
| Thanks for, the information. |
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