Fiscal Cliff

Discussion in 'Mayberry Lounge' started by Hanz_Blitz, Dec 24, 2012.

  1. Hanz_Blitz

    Hanz_Blitz BJJ all day

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    I don't live in Merica but could somebody give me a run down on all the fuss?
     
  2. WorldofWarcraft

    WorldofWarcraft Holy Paladin Banned

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    We spend more than we take in.. it's gotta give sometime. That's why you stock on guns, ammo, food, water, tools.
     
  3. Hanz_Blitz

    Hanz_Blitz BJJ all day

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    So why would the world fall into terrible debt if you just started spending based on exports?
     
  4. Yompton

    Yompton Brown Belt

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    Direct yourself to the war room.
     
  5. Xion385

    Xion385 Black Belt

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    War Room has all the answers.
     
  6. wenispinkle

    wenispinkle Skankin' It Easy...

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    It was a term coined by Bernanke for a bunch of automatic spending cuts and tax increases that we imposed on ourselves if we didn't have our budget deficit problem under control by January 2013.

    It's a big deal because if we don't do anything (like raise the debt ceiling or extend some of the Bush tax cuts) it'll send us back into recession.
     
  7. Hanz_Blitz

    Hanz_Blitz BJJ all day

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    Sorry for posting in Mayberry, if any mods wanna move the thread that'd be awesome
     
  8. TeTe

    TeTe PopoZão Staff Member Senior Moderator

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    Well you see, the term is a scare tactic. If anything we went over it four years ago.

    Basically, if we don't do anything, everyone's taxes will go up.
     
  9. Sir Galahad

    Sir Galahad Plutonium Belt Platinum Member

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    President Obama is trying hard to get America back on track.
     

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