Fiscal Cliff: Is it really a "Cliff" we fall off of, like it's something bad ?

[Edu]

Did the media make up that term to scare everyone?

From what I understand, if we "fall" off the "cliff". The deficit - the difference between what the government takes in and what it spends - will be reduced by roughly half beginning in the first days of 2013.

Wow! Wouldn't want to fall off that cliff! :)

The way the media puts it, people think this is bad and think it's going to somehow cause normal people problems. But it seems to me that if the government is forced to cut back, it's the government that is becoming lean and trim, not normal people or local businesses.

Plus, didn't congress vote on this "cliff" because it is something the GOVERNMENT needs to do to get it back within reasonable spending limits?

Am I missing something here?

[acptulsa]

Yes. Honest people with a lick of sense--including Ron Paul--mentioned that our out of control spending and printing was propelling us toward a fiscal cliff. This was a frightening thought that illustrated nicely just how reckless and irresponsible most of the elected thieves in Washington are. So, they decided to obfuscate, as usual.

And this is how. Don't be afraid of hyperinflation wiping out your savings, this millstone of a disappearing dollar further trashing the already trashed economy, and your grandmother's bonds becoming worthless. Just be afraid of the EPA and the FDA having to lay people off.

They can't let Ron Paul have a catchy phrase. So, when he comes up with one, they misappropriate it and use it to make us scared of stuff they want us to be scared of. That's all.

Merry Christmas.

[nano1895]

I think Alan Greenspan originally coined it as "the fiscal cliff" when he was testifying to Congress about financial matters, then the media just made it a household name.

[parocks]

Did the media make up that term to scare everyone?

From what I understand, if we "fall" off the "cliff". The deficit - the difference between what the government takes in and what it spends - will be reduced by roughly half beginning in the first days of 2013.

Wow! Wouldn't want to fall off that cliff! :)

The way the media puts it, people think this is bad and think it's going to somehow cause normal people problems. But it seems to me that if the government is forced to cut back, it's the government that is becoming lean and trim, not normal people or local businesses.

Plus, didn't congress vote on this "cliff" because it is something the GOVERNMENT needs to do to get it back within reasonable spending limits?

Am I missing something here?

I posted something similar here or elsewhere. Where did that term "cliff" come from? It seems like such a completely biased term. As if cutting spending is a catastrophe.

[acptulsa]

As if cutting spending is a catastrophe.

The Ministry of Peace is about war. The Ministry of Truth is about lies. And not cutting off spending will be what causes our catastrophe.

But then, it seems they're bound and determined to lead us to that catastrophe. The only question is, when they destroy everything, what will they try to replace it with? And will we be able to stop them?

[MoneyWhereMyMouthIs2]

I posted something similar here or elsewhere. Where did that term "cliff" come from? It seems like such a completely biased term. As if cutting spending is a catastrophe.


It's used mostly by people pretending to save you from something. We're headed off the real cliff either way.

[Constitutional Paulicy]

The cliff is inevitable unless we get rid of fractional reserve banking and return to sound money. How can we continue to borrow money from a central banking system that lends us fiat currency at interest? While the Federal Reserve keeps on printing money out of thin air to pay the bills.

Hell, we cant even seem to truly cut spending and balance the budget let alone pay back even a minute portion of the debt. How exactly do they intend to bring the national debt down from 16 trillion and counting when the system is designed to enslave us?

[QWDC]

Does anyone know how much of the cuts are just cuts in the rate of increase? Knowing the gov next to nothing in a supposed doomsday scenario will actually be cut...

[69360]

It's pretty obvious the government is going to let the sequestration kick in, then panic and have some new "bipartisan" bill that will nullify the 2011 budget control act and the spending train will keep rolling.

[evilfunnystuff]

Here's everything you need to know about Fiscal Cliff. :cool:

http://www.dve.com/player/?station=WDVE-FM&program_name=podcast&program_id=MorningShowBits.xml&mid=22629188

[awake]

The "Fiscal Cliff" is only a real problem to the state and its dependents. How they react when faced with bankruptcy is what the 400 million or more hand guns are for. If you produce something in voluntary exchange and can defend yourself from the various stages and forms of looting, you should be ok.

The zombies are getting hungry...

[Edu]

Ends up there was no real "cliff" because they could have and probably have made this retroactive. So really there was nothing to worry about and no real big time limit.

But now it's all kicked down the road to the next congress....

[Bastiat's The Law]

Ben Bernanke coined the phrase "fiscal cliff". Makes ya think doesn't it?