Boehner: No tax hikes to fix 'fiscal cliff'
 

Let us know when the military and war spending is on the block for these "cuts".

SOURCE

The "Fiscal Cliff" is nothing more than a bill that was passed by Congress and signed by Pres. Obama to put in automatic cuts if Congress didn't do anything to cut spending at the end of the year.

It's a cut across the board for everything.

And that sounds great to me!

BUT...it only cuts 600 Billion dollars over TEN YEARS!!!

That's only 60 billion for each year.

The feds spend 10.6 billion dollars a DAY.

What a joke.

The 'deal' has almost definitely already been made behind closed doors.

My guess is they let the cliff happen so taxes skyrocket and then before anyone pays any of the new rates they announce a deal in January calling it 'the biggest tax reduction in the history of our nation' returning us to the pre-cliff rates lol.

The federal govt brings in 15 billion a day.

Show me that stat. The stats I am seeing say differently.

Says we spend 10.6 billion dollars a day and BORROW 4 billion of that. Why are we borrowing 4 billion a day if we bring in 15 billion? And how does the debt keep getting bigger?

Your figures are wrong. Way wrong.

If you were right we would be in a giant surplus.

http://www.usgovernmentrevenue.com/

Total yearly revenue 5.5 trillion.

That is total for Feds, states, local, etc.

The FEDERAL GOVT is 2.9 trillion: http://www.usgovernmentrevenue.com/fed_revenue_2013USrn

In other words they are bringing in around 7 billion a day and spending 10.6 billion a day...borrowing 3.6 billion per day.

It's outrageous

i like the new catchphrase "the fiscal cliff" be afraid be very afraid !!! ... oh yea, don't forget



























































... IRAN !

http://www.usgovernmentspending.com/

Total yearly spending 6.4 trillion.

And as I pointed out...his number is way off. The Federal govt. brings in 2.9 trillion. His numbers were for every state and local tax plus the feds.

Here is the Fed revenue:
http://www.usgovernmentrevenue.com/fed_revenue_2013USrn

Robbie that 600 billion is for a year
http://abcnews.go.com/Politics/wireS...5#.UJ1REsWqhcY
A Congressional Budget Office study in May estimated that the fiscal cliff would force tax hikes and spending cuts totaling over $600 billion in the first nine months of next year — or perhaps $800 billion or so over the entire year if allowed to stay in effect.

Grover Norquest has them by the short hairs... They represent only his interests not the peoples. :winkwink:

Oh okay...when they said "600 billion over the next ten years" on CNN I thought they meant exactly that.

I see what you're saying now.

In that case...let's go! A year or so ago when they passed this thing they were proclaiming it as great. And reading that link you just posted...I agree.

It sounds like it would really cut our debt.

As I've said before...IF the govt. will really cut spending and raise taxes for everyone...then I don't mind paying my share.
I just don't want to pay more taxes if most people are not AND the govt. is still spending like a drunken sailor.

Looking at that link you gave...I think the "fiscal cliff" just might be the most patriotic thing we can do to save this country from financial ruin.

Nope, your number of 2.9 trillion is income tax and social security only.

If you look at the 5.5 trillion number it includes other taxes and fees. Notice no sales tax?

I know we run a deficit, only your numbers are off, not mine.

Yeah I saw that too. Just giving him an apples to apples comparison.

Regardless, state and local debt is growing problem as well. Somebody is going to have to pay eventually.

Yep , if people really want to cut the debt they should be embracing it.

Do you have a link to this?

If this is the case, fuck it - Let it run out and automatic cuts start. Great.

First thing we should cut is perks of Congress.

Even the fiscal cliff seems like a major political move as a vain attempt to appear to be fixing budgetary issues.

An instant $600 billion swing with no preparation or transition period is really going to hurt a lot of people. They will implement it for a bit, the public will lash out, and the very next election cycle (if not sooner) we would start seeing that $600 billion swing go out the door, go back to the Bush tax cuts and more social programs to help all of those that just got whacked with the swing.

Don't get me wrong, I'm all for getting that expense budget down, across the board… But this is like a yo-yo diet. There is going to be huge binge on sugar cookies afterwards and we are going to be even fatter.

600 billion over 10 yrs might be the automatic sequestering from the debt ceiling raising deal last year. but that combined with payroll tax increase, bush tax cuts expiring (income + capital gains), plus whatever else its a whole big number a year

I love how they phrase things. "You can put revenue on the table through fixing our broken tax system, getting our economy going again and getting more Americans back to work," Boehner said." So basically he is saying you can't do a tax increase, but you can change the tax laws so that people pay more taxes . . . which is a tax increase without having to call it that.