How the Fiscal Cliff Could Cut Your Paycheck By $4,000

Dec 4, 2012 | Posted by: Mr_Bill | Full story: www.huffingtonpost.com

Now that the elections are over, America's focus has shifted to the two most important and soon to be overused words: fiscal cliff. I have read hundreds of articles about this issue and most are overly technical and do not describe how it will impact the average American. So let me lay it out: the average American's tax bill will increase approximately $4,000 or more in 2013 if we take this step off of the cliff.

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1 - 17 of 17 Comments Last updated Dec 7, 2012
Bank of Duck

Nha Trang, Vietnam

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#1
Dec 4, 2012
 
Dr. Bill_phd! HOW is Blong2Lockheed Martin word!;)
Far Away

Anchorage, AK

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#2
Dec 4, 2012
 

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What a load of happy-horse-sh!t. Where was Mr. Udall on reforming fillibuster rules when the Senate was closer to 50/50? Nowhere... that's where, so now he's ready to wrest any power the conservatives may have for political gain. Good luck with that because you'll have a civil uprising at the steps of the Senate.
Happy New Yr

Nha Trang, Vietnam

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#3
Dec 4, 2012
 
Anchor+Age=Ak47!!! ;-000000000h, U is wear u@!!;-00

“It's a Brand New Day”

Since: Feb 06

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#4
Dec 4, 2012
 

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Far Away wrote:
What a load of happy-horse-sh!t. Where was Mr. Udall on reforming fillibuster rules when the Senate was closer to 50/50? Nowhere... that's where, so now he's ready to wrest any power the conservatives may have for political gain. Good luck with that because you'll have a civil uprising at the steps of the Senate.
I say if your ignorant "conservatives" rebel in "civil uprising", cut them down.

The filibuster is not a means to end governing, as thr GOP has done.
The proposed rule change brings it back to an actual, not a 'nominal' filibuster.

Since: Jul 07

Newport News, VA

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#5
Dec 4, 2012
 

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SENATOR BARACK OBAMA (D-ILLINOIS): "The American people sent us here to be their voice. They understand that those voices can at times become loud and argumentative, but they also hope that we can disagree without being disagreeable.

What they don't expect is for one party - be it Republican or Democrat - to change the rules in the middle of the game so that they can make all the decisions while the other party is told to sit down and keep quiet.

The American people want less partisanship in this town, but everyone in this chamber knows that the majority chooses to end the filibuster. If they choose to change the rules and put an end to Democratic debate, then the fighting and the bitterness and the gridlock will only get worse.

Now I understand that Republicans are getting a lot of pressure to do this from factions outside the chamber, but we need to rise above the "ends justify the means" mentality because we're here to answer to the people - all of the people - not just the ones that are wearing our particular party label."

2005. he was against changing it before he was for it...

“It's a Brand New Day”

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#6
Dec 4, 2012
 

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GoodNewz wrote:
SENATOR BARACK OBAMA (D-ILLINOIS): "The American people sent us here to be their voice. They understand that those voices can at times become loud and argumentative, but they also hope that we can disagree without being disagreeable.
What they don't expect is for one party - be it Republican or Democrat - to change the rules in the middle of the game so that they can make all the decisions while the other party is told to sit down and keep quiet.
The American people want less partisanship in this town, but everyone in this chamber knows that the majority chooses to end the filibuster. If they choose to change the rules and put an end to Democratic debate, then the fighting and the bitterness and the gridlock will only get worse.
Now I understand that Republicans are getting a lot of pressure to do this from factions outside the chamber, but we need to rise above the "ends justify the means" mentality because we're here to answer to the people - all of the people - not just the ones that are wearing our particular party label."
2005. he was against changing it before he was for it...
And, in 2005, and before, the filibuster was not ever used to stall and wreak governning.

Yes, the rules have been changed, by the GOP. Much like Marcus Bibulus, the GOP has caused government to freeze up. And like Bilubus, they must be set aside.
Happee Nu Yr

Nha Trang, Vietnam

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#7
Dec 4, 2012
 
Mr_Bill wrote:
<quoted text>
And, in 2005, and before, the filibuster was not ever used to stall and wreak governning.
Yes, the rules have been changed, by the GOP. Much like Marcus Bibulus, the GOP has caused government to freeze up. And like Bilubus, they must be set aside.
Bill_mr! U still write a check?!!;)
cjrian

Denver, CO

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#8
Dec 4, 2012
 
Mr_Bill wrote:
And, in 2005, and before, the filibuster was not ever used to stall and wreak governning.
Yes, the rules have been changed, by the GOP. Much like Marcus Bibulus, the GOP has caused government to freeze up. And like Bilubus, they must be set aside.
The filibuster has a long and storied history

It's been used, abused, lauded, and demonized by both sides

When Trent Lott (R-MS) proposed changing filibuster rules in 2003 (because of Dem abuse of the filibuster) the attempt was called the "Nuclear Option"

They even made a movie about the filibuster
Ya might remember it - "Mr. Smith Goes to Washington" - 1939, starring Jimmy Stewart

The filibuster is a valid tool to prevent the Tyranny of the Majority. The majority party does NOT have free rein to do whatever it wants, and it would serve Dems to remember, as Repubs did in 2003, that majority status is temporary. Sooner or later (sooner would be better), Dems will again be in the minority. Do they REALLY want their voices stymied - by rule changes they enacted themselves?

Since: Jul 07

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#9
Dec 5, 2012
 
Mr_Bill wrote:
<quoted text>
And, in 2005, and before, the filibuster was not ever used to stall and wreak governning.
Yes, the rules have been changed, by the GOP. Much like Marcus Bibulus, the GOP has caused government to freeze up. And like Bilubus, they must be set aside.
the GOP causes the govt to freeze up? takes two to tango. does not seem as if there is any willingness to negotiate on the dem side. they think they have a "mandate". what a joke!

“It's a Brand New Day”

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#10
Dec 5, 2012
 
cjrian wrote:
<quoted text>
The filibuster has a long and storied history
It's been used, abused, lauded, and demonized by both sides
When Trent Lott (R-MS) proposed changing filibuster rules in 2003 (because of Dem abuse of the filibuster) the attempt was called the "Nuclear Option"
They even made a movie about the filibuster
Ya might remember it - "Mr. Smith Goes to Washington" - 1939, starring Jimmy Stewart
The filibuster is a valid tool to prevent the Tyranny of the Majority. The majority party does NOT have free rein to do whatever it wants, and it would serve Dems to remember, as Repubs did in 2003, that majority status is temporary. Sooner or later (sooner would be better), Dems will again be in the minority. Do they REALLY want their voices stymied - by rule changes they enacted themselves?
In fact, you inmdicate that you favor the Democtatic rule change. now, a senator only indicated he will oppose a law or bill, and everythng stops.

The rule chage will require him to take the floor, and keep talking, al la MR SMITH>>>

“It's a Brand New Day”

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#11
Dec 5, 2012
 
GoodNewz wrote:
<quoted text>
the GOP causes the govt to freeze up? takes two to tango. does not seem as if there is any willingness to negotiate on the dem side. they think they have a "mandate". what a joke!
Not with filibuster, it takes only ONE SENATOR.
Get your facts before you spout errors.

Since: Jul 07

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#12
Dec 5, 2012
 
Mr_Bill wrote:
<quoted text>
Not with filibuster, it takes only ONE SENATOR.
Get your facts before you spout errors.
i'm talking about the fiscal cliff, nattering nabob.
O Pluricarbon Enum

Nha Trang, Vietnam

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#13
Dec 5, 2012
 
Mr_Bill wrote:
<quoted text>
Not with filibuster, it takes only ONE SENATOR.
Get your facts before you spout errors.
wow- U gettin USA = United Sanate of Amandate not amanda from Boston
http://www.youtube.com/watch...

Since: Jul 07

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#14
Dec 6, 2012
 
"Here's one thought: The main reason there isn't, and may never be, a solution on the fiscal cliff is that Barack Obama doesn't know how to do a political compromise. Where in his career did Barack Obama ever learn the art of the political deal? Nowhere.

Presidents, kings, queens, generals all have accomplished a modus vivendi with their opponents and mortal enemies. Until now. What deal of Clintonesque majesty has Barack Obama ever pulled off?

The fiscal-cliff negotiation is a train driven by an engineer who doesn't know how to use the brake, doesn't know where the brake is and doesn't care. His idea of politics is giving campaign speeches outside Washington to assemble a Sandy of public sentiment that will blow congressional Republicans off the cliff.

Politics ain't beanbag, but it also isn't just about politics. While Barack Obama may think his election mandate includes the ruin of the Republican Party, Republicans seeking a strategy of self-preservation should assert their refusal to participate in the ruin of the nation. As it is, the fiscal cliff has degenerated into a familiar Beltway melodrama in which the media reduce the whole thing to which party gets shafted. As to the health of the gasping American economy, well, whatever.

Conventional wisdom holds that the sequester is a mindless anti-spending Godzilla. But the sequester, because it is set in legislative stone, possesses what Washington today lacks with the public: credibility.

The only issue on the cliff negotiation table held true by every serious person is that the entitlement crisis is going to crush the country. But nothing is dearer to this president than higher taxes on people defined by him as the wealthiest. If the president's DNA prevents him from a compromise that also includes a sequester-strength commitment to disarming the entitlement bombs, much less discretionary spending, take the sequester. Better the fiscal cliff than pitching the American people over the bottomless entitlement cliff.

Liberal commentators like to cite Ronald Reagan and Tip O'Neill as a case study in political compromise. Barack Obama has become a case study of a president unable to compromise—with John Boehner or anyone else. The sense here is that as the cliff approaches, more people are beginning to understand this grim reality."

Daniel Henninger, WSJ

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#15
Dec 6, 2012
 
GoodNewz wrote:
"Here's one thought: The main reason there isn't, and may never be, a solution on the fiscal cliff is that Barack Obama doesn't know how to do a political compromise. Where in his career did Barack Obama ever learn the art of the political deal? Nowhere.

Presidents, kings, queens, generals all have accomplished a modus vivendi with their opponents and mortal enemies. Until now. What deal of Clintonesque majesty has Barack Obama ever pulled off?
The fiscal-cliff negotiation is a train driven by an engineer who doesn't know how to use the brake, doesn't know where the brake is and doesn't care. His idea of politics is giving campaign speeches outside Washington to assemble a Sandy of public sentiment that will blow congressional Republicans off the cliff.
Politics ain't beanbag, but it also isn't just about politics. While Barack Obama may think his election mandate includes the ruin of the Republican Party, Republicans seeking a strategy of self-preservation should assert their refusal to participate in the ruin of the nation. As it is, the fiscal cliff has degenerated into a familiar Beltway melodrama in which the media reduce the whole thing to which party gets shafted. As to the health of the gasping American economy, well, whatever.
Conventional wisdom holds that the sequester is a mindless anti-spending Godzilla. But the sequester, because it is set in legislative stone, possesses what Washington today lacks with the public: credibility.
The only issue on the cliff negotiation table held true by every serious person is that the entitlement crisis is going to crush the country. But nothing is dearer to this president than higher taxes on people defined by him as the wealthiest. If the president's DNA prevents him from a compromise that also includes a sequester-strength commitment to disarming the entitlement bombs, much less discretionary spending, take the sequester. Better the fiscal cliff than pitching the American people over the bottomless entitlement cliff.
Liberal commentators like to cite Ronald Reagan and Tip O'Neill as a case study in political compromise. Barack Obama has become a case study of a president unable to compromise—with John Boehner or anyone else. The sense here is that as the cliff approaches, more people are beginning to understand this grim reality."
Daniel Henninger, WSJ
Pretty funny, but you are full of shit.

Obama has compromised, and compromised...and the tea-baggers just move the goal line. They are completely inflexible. Even Bohner can't control or count on them.

Since: Jul 07

Newport News, VA

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#16
Dec 7, 2012
 
Mr_Bill wrote:
<quoted text>
Pretty funny, but you are full of shit.
Obama has compromised, and compromised...and the tea-baggers just move the goal line. They are completely inflexible. Even Bohner can't control or count on them.
you make comments like that as an editor? really?
Bank of Duck

Nha Trang, Vietnam

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#17
Dec 7, 2012
 
GoodNewz wrote:
<quoted text>
you make comments like that as an editor? really?
Gooodnewz! hav U ever make yo own resume?!!!;-0000

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