Yep Reid says were going over the cliff!

Discussion in 'Economics' started by S2007S, Dec 27, 2012.

  1. S2007S


    You would think by now 2 parties could come together, but no just a bunch of kids that cant agree on anything.....will it ever stop, fuck no it wont....this is how it is and will be forever....they are hoping for a compromise somewhere in the next 4 days, who knows how close that deal is but it seems more now think were headed towards that fiscal cliff!

    Reid says fiscal cliff dive likely; blasts Boehner for lacking leadership
    By Olivier Knox, Yahoo!

    Senate Majority Leader Harry Reid (R) (D-NV) hugs Speaker of the House John Boehner as Senate Minority Leader Mitch …
    With a deal to avert the so-called "fiscal cliff" nowhere in sight, Senate Majority Leader Harry Reid on Thursday predicted a compromise would not be reached in time to avert the tax increases and automatic spending cuts set to be triggered on January 1. Reid also criticized Republican House Speaker John Boehner in unusually personal terms, accusing him of running the House as a “dictatorship” and blasting him for letting lawmakers out for vacation.
    Boehner will be to blame “if we go over the cliff, and it looks like that’s where we’re headed,” Reid insisted as the Senate returned to work for a post-Christmas session focused on disaster relief for Sandy victims and renewing key government surveillance powers.
    Reid's speech on the Senate floor came shortly before President Barack Obama returned to Washington from Hawaii to resume discussions of how to avoid the fiscal cliff. White House Spokesman Dan Pfeiffer said Obama had spoken to Reid, Boehner, House Democratic Leader Nancy Pelosi and Senate Republican Leader Mitch McConnell Wednesday evening.
    Reid, a Nevada Democrat, repeatedly pressed Boehner to have the House take up a Senate-passed bill extending income tax cuts on income under $250,000, calling that measure the only “viable escape route.” House Republicans have thus far balked at raising taxes at all.
    “The Speaker just has a few days left to change his mind,” Reid said. “But I have to be very honest…I don’t know, time-wise, how it can happen now.”
    "Speaker Boehner should call members of the House back today," Reid said, adding that the Ohio Republican "seems to care more about keeping his speakership" than pushing his party to accept a deal that would avert a tax increase for all but the highest income taxpayers. Democrats have repeatedly leveled that charge at Boehner, whose reelection on January 3 is not seriously in doubt despite ever-louder conservative grumbling.
    Reid also accused Boehner of operating a "dictatorship" that had shut out House Democrats and all but the most conservative voices in the GOP, saying that the Senate-passed bill would pass with mostly Democratic votes but some Republican support as well.
    “Nothing can move forward in regards to our budget crisis unless Speaker Boehner and Leader McConnell are willing to participate in coming up with a bipartisan plan,” Reid warned. “Speaker Boehner is unwilling to negotiate, we’ve not heard a word from Leader McConnell, nothing is happening. Democrat’s can’t put together a plan on their own,” he said.
  2. Do you think the Republicans are purposely trying to go over it knowing the consequences so they can guarantee they get in the next election and have justification to introduce extreme policy?
  3. We already have extreme "deficit spend our farkin' brains out" policy.

    Republicans will not "get in"... will not EVER get in... until the financial collapse/revolution/start-over. The parasite class will always vote for more from government... too much of that is our problem already.
  4. Even with all the investment they do not have enough money to meet the needs of everyone.
  5. fred1


  6. S2007S


    16 trillion, thats over 100% of the what the national GDP is!

    16 Fucking Trillion, and not a worry in the world...

    I know if Im an hour late on paying my minimum credit card balance my apr jumps to 30+%

    Whats their APR?
  7. they are going over the cliff. the republicans are not 100% wrong but they really don't negotiate and they been like this for years. this meeting sunday is just a game because the stock market was down. they will work in out after the 1st.
  8. S2007S


    Yep market down again today on no direction of where these talks are heading, everyday that goes by without a deal the market will fall fall fall.
  9. More talk about the Fiscal Cliff!! thread:

  10. S2007S


    Stocks falling even further after hours the VIX is SURGING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    #10     Dec 28, 2012