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Even if we fall off ‘cliff,’
result may not be awful

Associated Press, by Christopher S. Rugaber

Original Article

Posted By:Attercliffe, 12/27/2012 7:02:08 AM

WASHINGTON--The economic threat that has kept many Americans on edge for months is nearing reality, unless the White House and Republicans cut a budget deal by New Year’s Day. Huge tax increases. Deep cuts in domestic and defense programs. The likelihood of sinking stock prices, reduced consumer spending and corporate layoffs. The risk of a recession within months. Still, the start of 2013 may turn out to be far less bleak than feared. For one thing, the two sides may strike a short-term agreement before New Year’s that postpones spending cuts until spring. President Barack Obama and members of

  

Post Reply  

Reply 1 - Posted by: Bur Oak, 12/27/2012 8:16:32 AM     (No. 9085401)

The country went over the cliff quite a while ago. The only questions are how far will we fall, how much higher will the government make the cliff, and what´s at the bottom. The result may be worse than awful.


Reply 2 - Posted by: Mr. Know-It-All, 12/27/2012 8:17:16 AM     (No. 9085403)

I still agree with Rush in that Da Won wants to go "over the cliff". (BTW, I´m tired of that cliche!) In that way He will have a ready scapegoat for the coming recession. After all, even His brain dead honey-boo-boo followers will not buy the its-Bush´s-fault mantra for much longer.


   

 

  


 
Reply 3 - Posted by: revdeppisch316, 12/27/2012 8:18:49 AM     (No. 9085407)

DReam on numbnutz! The Fed has been going non-stop on printing money which will make its way into the economy. The resulting inflation along with the resumption of taxation will keep America in bondage to 8-9% unemployment or higher and inflation to uncharted territory.

But then the ASSPRESS knows as much about economics as Obama--in other words just plain STUPID!


Reply 4 - Posted by: Chuzzles, 12/27/2012 10:12:25 AM     (No. 9085666)

I agree with #1. We went over a long time ago. All this wrangling is just deciding how hard the slam will be when we reach the bottom.


Reply 5 - Posted by: oh-heck, 12/27/2012 12:58:15 PM     (No. 9086049)

Don´t be surprised if a lot of companies abandon the blue states and move to TX. While NY has spent the last 4 years rewriting their fracking rules, TX has filled up the 900,000 bpd of new pipeline capacity and pushed state oil production up to 2 million barrels per day. No one drills for gas anymore, but the gas that comes with the oil has kept the price down at record lows. Now is a really great time to move an energy intensive plant to TX and generate your own energy in a right-to-work state with no state income taxes which has passed loser-pays tort reform. As a co-generation facility, you can sell your excess energy to the power companies and your emissions of CO2, SO2, and NOx will be compared against the emissions of the state average based mainly on coal.


Reply 6 - Posted by: JackBurton, 12/27/2012 7:28:07 PM     (No. 9086591)

Folks, we´ve been over a cliff for four years. If it wasn´t going to be the taxes, it would be the regulations.

My prediction: Things will slow down, maybe a recession, fracking and oil discoveries will continue to provide improvement and china, russia and Europe will continue their declines making us not look so bad.



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COLUMBIA—South Carolina’s unemployment agency will lay off 100 employees in June as part of a statewide reorganization that directs anyone seeking jobless benefits to use its upgraded online system, the agency’s interim director announced. John Finan said the Department of Employment and Workforce will eliminate one-on-one help with unemployment claims on June 10, and the number of local offices offering job training and other re-employment services will shrink. Exactly how many of those 56 offices remain open past June will depend on decisions made by the state’s 12 workforce investment boards, he said.

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Posted By: Attercliffe- 4/14/2013 4:01:14 AM     Post Reply
A single half-muffled bell will toll from St Paul’s to greet the funeral ­cortege of Baroness Thatcher on Wednesday. In front of the coffin, Michael and Amanda Thatcher will lead the procession for their beloved grandmother. They will carry on cushions the Order of the Garter and the Order of Merit, two of the highest honours the Queen can bestow. [Snip] The ceremonial funeral, meticulously planned by the former prime minister, reveals her profound Christian faith. A strong Methodist upbringing was the bedrock from which Lady Thatcher built her political creed of self-reliance and ­personal responsibilty.

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Posted By: Attercliffe- 4/14/2013 3:44:12 AM     Post Reply
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With some of America´s tastiest, yet unhealthiest food, it´s no wonder that for years, many have deemed people from the South to be amongst the fattest in the nation. [Snip] But a new study from the University of Alabama in Birmingham says that the South is not as fat as the rest of the world would have us believe. The journal Obesity, says that there’s a higher concentration of obese people in the Midwestern states of Minnesota, Kansas and North and South Dakota. The northern region of the country appears to have about 41 percent obesity compared to 31 percent

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So what will be remem­bered as the biggest political event of spring 2013? Naturally the death of Lady Thatcher must be the prime candidate. But there is another that has thus far consumed only a tiny proportion of the column inches that have rightly been expended on the passing of the Iron Lady yet may have more pro­ found and longer­lasting conse­quences. I speak of the rise and rise of Ukip. The Eastleigh by­-election, in which Ukip sensationally beat the Con­servatives to second place, has of course registered in the national political consciousness.

   

 



 
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For what it´s worth I think the BBC has no business censoring the music charts--even if it involves a song as insensitively timed and crassly-chosen as Ding Dong The Witch Is Dead! a) we should do everything we can to discourage this idea the BBC has of itself as a branch of the Nanny State. [Snip] But it´s OK. We have an even better chance of getting our own back, now. By going head-to-head against the scuzzballs with a song of our own: I´m In Love With Margaret Thatcher originally released in 1980 by ska-punk band The Notsensibles.

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Posted By: Attercliffe- 4/12/2013 10:31:43 PM     Post Reply
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Margaret Thatcher: The grandchildren in
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Posted By: Attercliffe- 4/12/2013 9:05:25 AM     Post Reply
As they perused the well-stocked aisles of their local shop, the wealthy residents of Highland Park were charmed by the polite and handsome young man behind the counter. [Snip] Like his great-grandfather Alfred Roberts before him, Mr Thatcher works long shifts while serving as a committed Christian and conservative in his free time. After graduating from Texas A&M University in Chemistry, the subject Lady Thatcher read at Oxford in the 1940s, the 24-year-old now hands out prescriptions along with the snacks, cosmetics and greetings cards on offer. His sister Amanda, meanwhile, also appears to harbour Thatcherite ambitions. Graduating from school

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Posted By: Attercliffe- 4/12/2013 6:16:46 AM     Post Reply
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