Markets rally after US 'fiscal cliff' deal

Jan 2, 2013 | Posted by: roboblogger | Full story: MySanAntonio.com

House Majority Leader Eric Cantor, R-Va., center, leaves a second Republican caucus meeting to discuss the "fiscal cliff" bill passed by the Senate Monday night_and now awaits a vote in the GOP-controlled House_ at the Capitol in Washington on Tuesday, Jan.

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Since: Oct 12

Location hidden

#1 Jan 3, 2013
Americans and the financial market's love to see the traitorous House republican's forced to doing what's right for our country....as it is actually againest their nature.....
Lol

San Francisco, CA

#2 Jan 3, 2013
Go Blue Forever wrote:
Americans and the financial market's love to see the traitorous House republican's forced to doing what's right for our country....as it is actually againest their nature.....
So it's the Republican who is running the country, not Pres. Obama??????????

When things go wrong, blame it to Bush and the Republican.

When things go right, CONGRATULATIONS to the Democrats and Pres. Obama.

GB remember, REpublicans are Americans too. They have been fighting for reduction of spending. If you reduce spending, then there is no need to increase taxes. But if you keep on increasing your expenses,you have to increase taxes too. So it's should be
"balanced budget".
Lol

San Francisco, CA

#3 Jan 3, 2013
"We have an immediate opportunity to act: the debt ceiling,” McConnell said.“Washington’s credit card has reached its limit again, and the Senate majority must act on legislation early in February—rather than waiting until the last minute, abdicating responsibility and hoping someone else will step in once again to craft a last-minute solution for them.”

Sen. Pat Toomey, R-Pa., made the point even more forcefully this morning.“[Obama] got a $2 trillion debt limit increase just 17 months ago — blew through all that,” Toomey said on Morning Joe.“We will only solve this problem when we finally get the spending under control. And the debt ceiling, and after that, the continuing resolution expiration — those are the vehicles that give us the opportunity to insist on making progress on the real problem.”
Heres kennyyyyyyyyyyyy yy

Las Piñas City, Philippines

#4 Jan 3, 2013
Lol wrote:
<quoted text>
So it's the Republican who is running the country, not Pres. Obama??????????
When things go wrong, blame it to Bush and the Republican.
When things go right, CONGRATULATIONS to the Democrats and Pres. Obama.
GB remember, REpublicans are Americans too. They have been fighting for reduction of spending. If you reduce spending, then there is no need to increase taxes. But if you keep on increasing your expenses,you have to increase taxes too. So it's should be
"balanced budget".
this is really the only thing Americans need to worry about
the US Govt spends 7.3 million dollars per minute - of that amount they have to borrow 3.1 million -thats the problem -and the longer this keeps going to worse things will become - the tax increases on the rich (singles earning 400k plus and couples earning 450k plus) will only reduse to def by 5%.the US MUST REDUCE SPENDING .
Heres kennyyyyyyyyyyyy yy

Las Piñas City, Philippines

#5 Jan 3, 2013
reduce *

Since: Apr 09

Olongapo City, Philippines

#6 Jan 3, 2013
Lol wrote:
<quoted text>
So it's the Republican who is running the country, not Pres. Obama??????????
When things go wrong, blame it to Bush and the Republican.
When things go right, CONGRATULATIONS to the Democrats and Pres. Obama.
GB remember, REpublicans are Americans too. They have been fighting for reduction of spending. If you reduce spending, then there is no need to increase taxes. But if you keep on increasing your expenses,you have to increase taxes too. So it's should be
"balanced budget".
They don't want to increase taxes on the rich though. That is where all the money is. We have lost 3 trillion in tax revenue since Bush cut their taxes.

There is no Americans in the Republican house only business. Hell they would not even vote for AID to Sandy victims, to busy fighting Obama to keep the rich from having their taxes raised. The cold hearted nature of John Boehner may cost him his job as house speaker.
Faith

New Baltimore, MI

#7 Jan 3, 2013
"An anecdote illustrating the current state of American politics. As they arrived for a much-hyped meeting with the President last Friday afternoon, Speaker of the House John Boehner spotted House Majority Leader Harry Reid approaching just steps from the Oval Office. According to "multiple sources," Boehner pointed his finger at Reid and without any other fanfare said, "Go f*** yourself." When Reid asked him what he was talking about, Boehner simply repeated his curse and moved on."

These bloated scumbags are more interested in making one another look bad than in doing anything for the country. The entire US Congress should be dragged to Gitmo in chains.
Lol

San Francisco, CA

#8 Jan 3, 2013
"But there will be federal tax hikes in 2013. That's because the legislation pushed through the Senate and House on Jan. 1 does nothing to prevent a temporary cut in the Social Security payroll tax from expiring. That means, under the agreement brokered by the White House and Senate Republicans, 77 percent of American households will be forced to fork over higher federal taxes in 2013.

Households making between $40,000 and $50,000 will face an average tax increase of $579 in 2013, according to the Tax Policy Center's analysis. Households making between $50,000 and $75,000 will face an average tax increase of $822."
Lol

San Francisco, CA

#9 Jan 3, 2013
Don the American wrote:
<quoted text>
They don't want to increase taxes on the rich though. That is where all the money is. We have lost 3 trillion in tax revenue since Bush cut their taxes.
There is no Americans in the Republican house only business. Hell they would not even vote for AID to Sandy victims, to busy fighting Obama to keep the rich from having their taxes raised. The cold hearted nature of John Boehner may cost him his job as house speaker.
If they don't increase spending, then there is no need to increase taxes. So it should be "balanced budget".

Taxing more the rich might reduce the debt ceiling, as long as they will not anymore add more spending.

John Boehner is doing his job wanting to cut spending.
Balanced budged is needed!
Heres kennyyyyyyyyyyyy yy

Las Piñas City, Philippines

#10 Jan 3, 2013
Don the American wrote:
<quoted text>
They don't want to increase taxes on the rich though. That is where all the money is. We have lost 3 trillion in tax revenue since Bush cut their taxes.
There is no Americans in the Republican house only business. Hell they would not even vote for AID to Sandy victims, to busy fighting Obama to keep the rich from having their taxes raised. The cold hearted nature of John Boehner may cost him his job as house speaker.
Don -at least try to write a balanced post -buch reduced taxes for ALL not just the rich.right ????
Heres kennyyyyyyyyyyyy yy

Las Piñas City, Philippines

#11 Jan 3, 2013
bush *
Heres kennyyyyyyyyyyyy yy

Las Piñas City, Philippines

#12 Jan 3, 2013
opps the brakes just went on the current market situation down or unchanged from yesterday - maybe someone just clicked -little has changed -the tax increases will change very little .
amc

San Juan, Philippines

#13 Jan 3, 2013
tax the rich 90% if you wish . it wont have one single affect on the deficit.

tax them 100%. hell, make the rich borrow millions to give to the gov. and see if it helps any?

billions maybe? no change in the deficit yet?

republican blamers and haters can all fcuk yourselves.

dont you know there is no such thing as dems and repubs?
cant you get your brains around the idea of who is controlling the world?
idiots united

Cavite, Philippines

#14 Jan 3, 2013
amc wrote:
tax the rich 90% if you wish . it wont have one single affect on the deficit.
tax them 100%. hell, make the rich borrow millions to give to the gov. and see if it helps any?
billions maybe? no change in the deficit yet?
republican blamers and haters can all fcuk yourselves.
dont you know there is no such thing as dems and repubs?
cant you get your brains around the idea of who is controlling the world?
So you think no help is better than little help? What a republicant idea, or you think the bone dried middle class should get reduced benefits and increase taxes?
Lol

San Francisco, CA

#15 Jan 4, 2013
"White House gears up for fight over immigration

David Nakamura and Tara Bahrampour

The Obama administration this week decided to ease visa requirements for hundreds of thousands of illegal immigrants in an effort to reshape immigration through executive action."
amc

San Juan, Philippines

#16 Jan 4, 2013
idiots united wrote:
<quoted text> So you think no help is better than little help? What a republicant idea, or you think the bone dried middle class should get reduced benefits and increase taxes?
so you just missed he point. so you just dont think at all.

so, whats new?
Therealnews com

Bay Shore, NY

#17 Jan 4, 2013
Lol wrote:
<quoted text>
So it's the Republican who is running the country, not Pres. Obama??????????
When things go wrong, blame it to Bush and the Republican.
When things go right, CONGRATULATIONS to the Democrats and Pres. Obama.
GB remember, REpublicans are Americans too. They have been fighting for reduction of spending. If you reduce spending, then there is no need to increase taxes. But if you keep on increasing your expenses,you have to increase taxes too. So it's should be
"balanced budget".
You and I both know the whole system is corrupt and both Republicans and Democrats like it that way.

Fox News and MSNBC are both corporate hack talking air heads loyal to these two corrupt parties.

Most Republicans are conservative in name only.

Most Democrats are liberal in name only.

Obamacare is not a liberal health plan which would have provided Single Payer, Medicare For All.

Obamacare is more accurately Romneycare which was endorsed by Bob Dole and the Heritage Foundation back in the 1990s.

Obama/Clinton, Bush/Cheney John Kerry, John McCain, et cetera are all corporate hacks loyal to Wall Street.

They have to divide and conquer our ignorant masses.

Statement on Health Care
http://econ4.org/statement-on-healthcare

---------

The Truth Behind the Fiscal Cliff’s Reality TV Show
January 4, 2013 / http://tinyurl.com/b7klghn
To appreciate how the kabuki theater works, consider three big outcomes of the fiscal cliff legislation that the attendant reality TV show never highlighted:
1. Bush defeats Clinton: President Clinton’s tax rates delivered big budget surpluses and one of history’s strongest rates of economic growth. By contrast, President Bush’s cuts to those tax rates birthed massive deficits and the slowest rate of economic growth in modern history. Yet, faced with the fiscal cliff’s choice between Clinton and Bush tax rates, both parties agreed to ratify almost all of the latter.
For Republicans, this victory was summed up by Bush’s former spokesman, Ari Fleischer, who said simply,“it’s fantastic.” For Democrats, their triumphant rhetoric about their one small win - restoring Clinton rates on income above $400,000 - obscures a humiliating truth. Essentially, the party that spent so much political capital to modestly raise taxes and restore fiscal sanity after the Reagan binge was bullied into undoing much of its own fiscal legacy.
2. Nobody in Washington cares about deficits: During December’s “fiscal cliff” TV show, D.C.‘s reality stars told us that they were focused on reducing the budget deficit. But, according to the Congressional Budget Office, the final bill will increase the budget deficit by $4 trillion.
3. Corporate welfare is sacrosanct: For all the effort to make wasteful spending the villain in the “fiscal cliff” TV show, Congress ultimately refused to touch that spending. Somehow, defense contractor largesse in the bloated Pentagon budget was off the table. Somehow, subsidies to corporate agribusiness were separated from the negotiations and then extended. Meanwhile, as the Roosevelt Institution’s Matt Stoller documented, the final “fiscal cliff” bill included taxpayer handouts for everything from NASCAR racetracks, to Hollywood studios, to a new Goldman Sachs headquarters.
http://www.commondreams.org/view/2013/01/04
amc

San Juan, Philippines

#18 Jan 4, 2013
and the beat goes on. its hard to make people see that politicians are just the actors on this stage with no real job to do except what they are told to do.

when you are trying to pit a societies citizens against each other and cause chaos you cant just have one entity or party. it wont work. you have to have 2 sides fighting for their own team.

i think if i go back i will show no means of support or income and get my free cell phone too.

Since: Oct 12

Location hidden

#19 Jan 4, 2013
Also, the influence of outside, unelected lobbyists has to stop....the fact that it is an accepted fact, that so many elected representatives in Congress signed a no-tax pledge to Grover Norquist, should be defined as nothing less than treasonous.....they swear an oath, affirming to not be influenced, by outside sources, foreign or domestic.....
RESISTANCE IS FUTILE

Delta, Canada

#20 Jan 4, 2013
its too late... no amount of raising taxes and cutting spending...

or cutting taxes and raising spending will stop this 1 trillion a year in borrowing...

my view is more radical....

borrow even more... and then keep borrowing... and then borrow even more...

then spend spend spend and then spend some more....

the only requirement is this money is to be spent on creating longterm jobs and growth

but I doubt the american people would go for this....

I dont even know if this would work

and I dont think the American leadership would spend all that money wisely...

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