Fiscal Cliff! What will happen?

[Dlachance]

I hope that if any of yall are looking to buy a car or home, you do it now before financing is impossible.

[SMEGMA STENCH]

move the cliff....borrow more. no taxes required. wait 12 months, wash, repeat.

question is why would the lender keep lending to us when they can see how things are going

seems kinda stupid

you dont see a bank saying "well sir your mortgage is 3 months past due and one of your vehicles just got repossesed and your up to your ears in credit card debt... but here have this 25k loan

[Sean88gt]

question is why would the lender keep lending to us when they can see how things are going

seems kinda stupid

you dont see a bank saying "well sir your mortgage is 3 months past due and one of your vehicles just got repossesed and your up to your ears in credit card debt... but here have this 25k loan

Because of the amount we borrow, plus we are the safest bet ever and will continue to be so as long as we can print our own cash.

[SMEGMA STENCH]

They have to know we print the cash though

maybe they just dont care if it all blowsup in their faces one day

[Sean88gt]

Why would it matter? If you know a restaurant cooks their own food, do you choose not to eat it?

[Denny]

Even if they passed this "cliff," nothing would happen. Business would continue as normal, with the exception of those making a mint off of speculation.

Will all this eventually come to a horrific end? Yep, but not by this "cliff's" deadline.

[majorownage]

Where's "dollar devalued over night" option?

[Baba Ganoush]

Politicians don't necessarily want solutions, it's similar to the medical community actually wanting a cure for cancer.

lmao.



They will continue to push the debt onto our decedents.

Then one day, in 2028, an angry mob of toddlers will overthrow the government.

They will be known as the teathing party.

['90Vert]

question is why would the lender keep lending to us when they can see how things are going

seems kinda stupid

you dont see a bank saying "well sir your mortgage is 3 months past due and one of your vehicles just got repossesed and your up to your ears in credit card debt... but here have this 25k loan

When you owe $100,000 it is your problem. When you owe $1,000,000,000,000 it is everybody's problem. China will continue to lend us money because if they don't our country will collapse and take them down with us.

[Forever_frost]

The politicians won't allow it. Just as they wouldn't allow the government shutdown. They are terrified of Americans realizing we can operate without borrowing or big government

[Captain Crawfish]

only a few days left. crappy leadership IMO

[YALE]

only a few days left. crappy leadership IMO

BTW, Boehner's name is John, not Joe.

[Captain Crawfish]

BTW, Boehner's name is John, not Joe.

not avg joe. wasn't referring to him as joe boner

[Vertnut]

We will ALL pay more. That option wasn't in the poll, but that's what will happen, because ultimately, it's what Barry wants.

[Broncojohnny]

We will ALL pay more. That option wasn't in the poll, but that's what will happen, because ultimately, it's what Barry wants.

This is exactly correct. This is a politically convenient way to raise taxes on the poor and the middle class. All they have to do is nothing and point their fingers at the other guy.

I'm kind of amused at the sheep. Owebama just went through a whole election cycle claiming that the Bush tax cuts benefited the rich. Anyone with a brain who has ever done their own taxes knows that is a lie. Chiefly because of the marriage penalty that will go back into effect once the cuts expire. I think it is great that the scumbags and the working class blue collar idiots who voted for this elitist moron are going to get hit in the wallet the most.