Recession imminent if 'fiscal cliff' of tax hikes, budget cuts not averted, CBO says

There are 3 comments on the The Washington Post story from Aug 22, 2012, titled Recession imminent if 'fiscal cliff' of tax hikes, budget cuts not averted, CBO says. In it, The Washington Post reports that:

The U.S. economy will hurtle into a recession if Congress fails to avert a series of tax increases and budget cuts due in January, the Congressional Budget Office said Wednesday , warning that a fiscal impasse would have consequences even more dire than previously forecast.

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“Pissed off underwater tiger.”

Since: Apr 12

Imitated but never duplicated

#1 Aug 22, 2012
Yeah, I say screw it, let it fall. Cause really.. I dont buy the threat and really I am to the point where I dont care any more. The current system needs to collapse anyway. By propping it up all we are doing is delaying the inevitable that would result in the changes we need. So why slow that down?
excartpuller

Saint Paul, MN

#2 Aug 23, 2012
They are suppose to let it fall and let it take it's natural form/shape so we are not going to consume all the resources available on mother earth. What they are doing is force feed the system but the system is so flawed. What are they thinking?

“It's Time to Defeat Terrorism ”

Since: May 11

NYC

#3 Nov 15, 2012
Undoubtedly, Obama needs more and more money from the ‘rich’ for his socialistic revolution and buying more and more votes of the poor minorities, foreign student, illegals and anyone in the world that comes to America and will support the revolution on the ruins of America. Obama need the surrender of the GOP losers led by Boehner for his bribe tactics of the election in which he uses the American people money to purchase votes of his base with more food stamps for the illegals, students and voluntarily unemployed. Boehner and GOP’s 280 senators and Reps blindness about the bribe tactics of Obama caused the Republicans to lose the election time and again and again. Boehner is wrong to try to surrender to Obama’s demand for ‘money’ to support the re-distribution of American money as gift to the Obama voters. Boehner must learn by now that bribing voters is not constitutional and that Obama must stop buying voters in America to prevent its collapse in bankruptcy. Mitt Romney is right to claim that Obama used executive orders and taking control of the student loans and mortgages to give free gifts and bribes to his minority base of Blacks, Hispanics and Asians who happily took the bribe in return for their vote to Obama and to the Democratic Party senators and Representatives. Mitt Romney is right to claim that more than 25 million food stampers, willingly unemployed, willingly disables, American student and foreign students from China and Saudi Arabia that their student loans was forgiven, home owners of minority Blacks and Hispanics that their mortgage was slashed or eliminated by Obama was the reason for the dependence of the Obama free checks. Obama policy of giving Amnesty and free checks to millions of young illegal invaders that came to America with visa that expired and other illegals that crossed the border using the hard earned money of Republicans, conservatives and Libertarians was another main reason for the stolen victory of Obama who believed in stealing as much money from the American people to buy your votes while the GOP 280 Senators and Congressmen will never stand up to the constitution that forbid bribe as way to buy votes and stay in power forever.

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