The Fiscal cliff

[z31maniac]

I hope they don't reach a compromise and we go over. I'm perfectly content with the tax increases and spending cuts. I don't think it will cause a recession in 2013, thats just fear mongering from people who have a vested interest.

I am too.

However, even the CBO has said raising taxes right now will be detrimental to the economy.

[LBJefferies]

I hope they don't reach a compromise and we go over. I'm perfectly content with the tax increases and spending cuts. I don't think it will cause a recession in 2013, thats just fear mongering from people who have a vested interest.

Economists are saying that even if it causes a recession, it will be better for the long term health of the economy.

I am going to be a bit cynical and say that they probably will reach some sort of consensus. And by consensus I mean keep the tax cuts and spend more money.

[tjts1]

I hope they don't reach a compromise and we go over. I'm perfectly content with the tax increases and spending cuts. I don't think it will cause a recession in 2013, thats just fear mongering from people who have a vested interest.

[herbivor]

So everything I'm hearing about the fiscal cliff is everything many people are complaining the government should be doing anyway, cutting spending, raising taxes and trying to reduce the deficit. Obama definitely has the leverage on this compromise. I'll be curious if the GOP finally gives in to raising taxes on the rich as part of their compromise or if a deal will even be made.