Looming Fiscal Cliff & Debt Limit

Posted in the Smithville Forum

College Boy

United States

#1 Nov 9, 2012
CBO says if Bush tax cuts are allowed to expire, and spending reductions go into effect, it would reduce the deficit over $500B through September 2013, but also cause the economy to slow by 0.5% and result in 9.7% unemployment in 2014. Add to this the debt ceiling will have to be increased after the first of the year if we are to continue operating as a government, we have some tough decisions to make in the next 3- 6 months. Call out your congressman and senators in DC to get a deal done.
CFM

Smithville, TN

#2 Nov 9, 2012
Those Bush tax cuts have GOT to go.
College Boy

United States

#3 Nov 9, 2012
Beohner say tax reform: translation, no more mortgage interest or charitable deductions on income tax returns. Who will pay for that? Middle class homeowners, thats who.
senior taxpayer

Smithville, TN

#4 Nov 9, 2012
Hang on folks...it's going to be a rough ride for everyone. Just heard on the Nashville newscast that approximately 50 hospital could possibly close due to the lack of state funds for the TennCare Program. Liberals don't want to talk about that. And Seniors who had HMO instead of the regular Medicare, get ready for this to be demolished and each of us will be digging in our pocket to pay for Part B, Part D and larger copays. Don't believe it? Ask your doctor. Many are opting out of the Medicare Program in 2013.
just so

Smithville, TN

#5 Nov 11, 2012
senior taxpayer wrote:
Hang on folks...it's going to be a rough ride for everyone. Just heard on the Nashville newscast that approximately 50 hospital could possibly close due to the lack of state funds for the TennCare Program. Liberals don't want to talk about that. And Seniors who had HMO instead of the regular Medicare, get ready for this to be demolished and each of us will be digging in our pocket to pay for Part B, Part D and larger copays. Don't believe it? Ask your doctor. Many are opting out of the Medicare Program in 2013.
If you go over fiscal cliff TennCare, and several school programs like head start and lunch programs will disappear.So all that is needed is Bush tax cuts expire and negotiate on everything else,but since most house members work for grover norquist we had best get a parachute.
SPS

Brush Creek, TN

#6 Nov 13, 2012
gloom and doom!

The sky is falling, the sky is falling!!!
College Boy

United States

#7 Nov 14, 2012
If the tax cuts go away for those making over $250,000, they will still get a tax cut for the first $250,00 of their income. How much more money do these rich folks need? The more you make, the more your blood sucking family squanders.
Not Much

Smithville, TN

#8 Nov 14, 2012
College Boy wrote:
If the tax cuts go away for those making over $250,000, they will still get a tax cut for the first $250,00 of their income. How much more money do these rich folks need? The more you make, the more your blood sucking family squanders.
Just enough for your daddy - Mike Foster - to have another great trip to Alaska, San Diego and Washington DC...

Oh wait - plus steak and lobster dinners and numerous alcoholic beverages to wash it all down.

It ain't right for the UCDD and UCHRA Board Members to travel like poor folk.
College Boy

United States

#9 Nov 15, 2012
Not Much wrote:
<quoted text>
Just enough for your daddy - Mike Foster - to have another great trip to Alaska, San Diego and Washington DC...
Oh wait - plus steak and lobster dinners and numerous alcoholic beverages to wash it all down.
It ain't right for the UCDD and UCHRA Board Members to travel like poor folk.
Stay on subject. Use your other posts to rag on Mike.
Jeez

Smithville, TN

#10 Nov 16, 2012
Give Obama what he wants and lets see where it leads us.

Obama won and now it is Obama's duty to get us out of the mess we are in.

If raising taxes on rich people can get us out of this mess - great, GO FOR IT!

If it doesn't work - than it will be Obama's fault - just give the man a chance.

I'm tired of high unemployment rates and gasoline costing $3.20 + a gallon.

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