What the Republicans Should Do About the Fiscal Cliff.

Discussion in 'Politics' started by BeetTheBoxer, Dec 3, 2012.

  1. BeetTheBoxer

    BeetTheBoxer Active Member

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    This is what I think the Republicans should do. Pass a bill in the House extending the Bush tax cuts. Couple this with big spending cuts and some reform in entitlements. Defense cuts need to happen as well as discretionary spending.

    Cap deductions for the wealthy at $50,000 a year which will raise the revenue Obama said he wanted (about $82 billion a year in new revenue).

    Net Result: You have " A Balanced Approach" the President ran on for two years. You also extend the middle class tax cuts that Obama is trying to use as political leverage.

    Of course, Harry Reid will immediately kill it in the Senate, and not allow it to come up for a vote. That's fine. Now all the pressure is on Obama. If we go off the cliff, the Republicans can legitimately say we passed a bill extending middle class tax cuts....raised the revenue the President asked for...and came up with legitimate spending cuts.

    The House needs to ignore Obama and the Dems. Pass a good bill....and put the pressure on Obama to negotiate.

    I think virtually everyone on this board agrees we need three things to happen for the good of the Country. 1. Spending Cuts. 2. Entitlement Reform. 3. More Revenue. If either party tries to ram something down the other party's throat it won't work. The Republicans need to get something done in the House to get things moving.
  2. DawgShed Ads

    DawgShed Ads

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  3. shitcunt

    shitcunt Well-Known Member

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  4. Bro

    Bro The Last Samurai Gold

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    Republitards ruining this country. Holding it hostage. Obstructionists. The party of no compromise. Protect the wealthy at all costs. Downgrade our credit rating again. Send us in to another recession.

    Bravo.
  5. Goo For You

    Goo For You New Member

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    The mainstream academic consensus is that cuts are a bad idea. Copy-pasting the rest from my post in another thread talking about the same topic today:

    There's nothing magical about any particular absolute level of debt. To the extent the real economy keeps growing, so does the country's ability to finance its debt. This is the reason for having a central bank driven fiat money system. So the salient question to ask is which policies will lead to more economic growth. We see from Europe how forcing austerity on countries is working (please ask for details if necessary); we see from Canada and even more so Australia how problems get solved through fiscal and monetary expansion. (Did you know the latter hasn't had a recession in 21 years?)

    Here's the newest graph showing how things are going. (Hint: US is the only country on the list with truly expansive fiscal and monetary policies)
  6. I invented that

    I invented that VIP Extreme Gold

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    What about states and cities that are facing bankruptcies. Should the federal government give them money and reward the fiscally irresponsible.
  7. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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    It would be better to gut the whole country that to ever compromise with Demoncrats....Scorched Earth :salute:
  8. SiriusDawg

    SiriusDawg New Member

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    If Wall Street can get a bailout, so can our cities and states.

    Then again, I am sure bailing out the uber-wealthy rather than police, fire departments, etc....is a top priority with the scumbag Republican party.
  9. Goo For You

    Goo For You New Member

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    It's the same as with violent crime: increasing the length of sentences won't make the problem go away.

    These are undisputed facts that policy solutions need to work around.

    To spell it out, 1) forcing fiscal responsibility by instituting a debt ceiling is the macroeconomic equivalent of trying to disincentivize potential criminals by giving them life for first offense; 2) bankruptcy is so much worse than almost any alternative; and 3) because of this, incentives are a secondary concern.
  10. I invented that

    I invented that VIP Extreme Gold

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    Why waste time and money creating a budget?
  11. Goo For You

    Goo For You New Member

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    Look, it's a subtle issue. Saying bankruptcy is worse than everything else doesn't mean that everything else doesn't matter.:)

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