Fiscal Cliff Avoided. Woopee?

POSTED BY: Geezer
UPDATED: Sunday, June 16, 2024 00:55
VIEWED: 7281
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GEEZER

Wednesday, January 2, 2013 1:36 PM

http://www.bbc.co.uk/news/world-us-canada-20886182

So they raised taxes a bit on the richest people, kept the income tax cuts in place for everyone else, and reduced spending not at all. Does this really seem like a win to anyone, because I can't see it.

ANTHONYT

Wednesday, January 2, 2013 3:26 PM

Hello,

Not to be petty, but I'll now be able to file taxes and get returns in a timely fashion. So it's a win for me in the near-term.

I have my doubts that this dysfunctional crowd will be able to negotiate anything in the days ahead, which leaves me with some real concerns over the debt ceiling being used as a lever to move the opposing party.

But by the time that battle is waged, I'll have Tax Returns filed and possibly even a refund en-route to me. It's sad that I need to worry about such routine cycles, but the people in congress left even this much of my financial life in doubt.

--Anthony

Note to Self:
Raptor - woman testifying about birth control is a slut (the term applies.)
Context: http://tinyurl.com/d6ozfej
Six - Wow, isn't Niki quite the CUNT? And, yes, I spell that in all caps....
http://tinyurl.com/bdjgbpe
Wulf - Niki is a stupid fucking bitch who should hurry up and die.
Context: http://tinyurl.com/afve3r9

“The stupid neither forgive nor forget; the naive forgive and forget; the wise forgive but do not forget.” -T. S. Szasz

M52NICKERSON

Wednesday, January 2, 2013 3:27 PM

Taxes increased for the rich, while spending cuts are still on the table.

Win - Obama!

I do not fear God, I fear the ignorance of man.
A warning to everyone, AURaptor is a known liar.
...and now a Fundie!
http://www.fireflyfans.net/mthread.aspx?tid=53359

HERO

Wednesday, January 2, 2013 6:30 PM

I hate to break it to you...we went over the cliff.

It does explain the lemmings. Some to over the cliff because they want to, some go over because they can't think of an alternative. Most go over without even knowing it.

H

Hero...must be right on all of this. ALL of the rest of us are wrong. Chrisisall, 2012

NIKI2

Wednesday, January 2, 2013 6:36 PM

@#$(&" Target="_BLANK">MS">@#$(&;$@#%!#$ computer...

NIKI2

Wednesday, January 2, 2013 6:44 PM

I sure don't see it as a win for Obama, just an avoidance of something worse...for now. The tax increases weren't enough, I'm sure if they'd tried they could have come up with SOME spending cuts, and it just sets us up for more drama in the days to come. Mind you, I'm grateful SOMETHING was worked out that would make for less insanity; and will be more grateful if they come up with something that will lessen the impact of the sequestration, but all in all it's been pretty disgusting to watch. The "fiscal cliff" debate and the last-minute deal it produced have so far resolved nothing except to show that our system is profoundly broken and that radical changes are needed to fix it.

In a nutshell, I agree with this:

Quote:
the bill only postpones the forced cuts of sequestration by two months, to precisely the moment the country will be engaged in another ruinous debate about lifting our national debt ceiling to ensure the country can pay its bills. It thus creates a new, even more dangerous fiscal cliff. Next time around, the markets will not be so blasé about congressional brinkmanship if the national credit rating and the stability of a bedrock of the international financial system are at stake. It is an ominous sign for America that the only direction our top officials seem to be able to steer us is into yet another game of chicken.

And I'm DAMNED sick of it! The past few years and what promises to continue for the next four have been things I don't think this country has EVER seen in such a consistent fashion, and the result may well be disastrous for us all going forward.

Also in a nutshell, this is what I despise about House Republicans. One: They believe all of that stuff they tell their conservative audiences, from the town halls to the Sean Hannity remote feed. They ran in 2010 promising never to raise taxes and to take a samurai sword to the budget. Whatever Paul Ryan asked them to cut, they voted to cut. Two: Most of these members come from safe districts where the only threats to re-election are primary challenges or death by natural causes.

The second part is what truly disgusts me. "To hell with the American people and the country, I might get challenged from someone even MORE conservative, so I'd better be even MORE conservative so I can keep my job!" They don't dare say "MY" country, because they don't give a flying fuck about the country, just about their damned jobs!

This puppy will add up to $4 trillion to the debt over the next 10 years. What's "whoopee" about that? Yeah, that's the case because it actually extends and makes permanent more than 80% of the Bush tax cuts (MAKES PERMANENT, remember!!!). It only raises taxes on .06% of Americans...big win, yeah, sure. And HOPEFULLY they'll offset that $4 trillion (and please gawd, more) when they get around to the spending cuts, but what did this mess do, besides not raising our taxes and extending unemployment? Just keep us worrying for a few months, and now after the hours-long primal scream of House Republicans yesterday, they're angrier than ever and, it sounds like, more determined than effort to drag this country through even more horrors.

No. Not a win for anyone, in my opinion.

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

KPO

Wednesday, January 2, 2013 8:33 PM

It's certainly a win for the economy. Tackling the deficit problem with a series of small steps over time is better than one big austerity bomb.

It's not personal. It's just war.

GEEZER

Wednesday, January 2, 2013 9:55 PM

Quote:
Originally posted by AnthonyT:
Hello,

Not to be petty, but I'll now be able to file taxes and get returns in a timely fashion. So it's a win for me in the near-term.

Since going over the cliff would not have affected your 2012 tax rates, don't see that this would have been a problem. All the 2012 tax changes are already in the IRS software, tested, and ready to run. And the one place that you can be sure would not be affected by any reductions in force is the processing of tax refunds. Folks involved in that are considered "essential" personnel and don't get laid off. Congress knows better than to mess with the voters' refunds.

Quote:

Note to Self:
Raptor - woman testifying about birth control is a slut (the term applies.)
Context: http://tinyurl.com/d6ozfej
Six - Wow, isn't Niki quite the CUNT? And, yes, I spell that in all caps....
http://tinyurl.com/bdjgbpe
Wulf - Niki is a stupid fucking bitch who should hurry up and die.
Context: http://tinyurl.com/afve3r9

BTW. In the spirit of the new year, could you possibly lose this stuff?

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

NIKI2

Wednesday, January 2, 2013 11:28 PM

Okay, KPO, I agree with that. I just don't think this was a good solution.

As to tax returns being delayed, I offer the following (from FOX, by the way):

Quote:
Deal or not, fiscal cliff debate to delay tax refunds

Even if a deal comes, tax professionals say we will all feel at least a short term impact this year. That’s because the debate has delayed the 2012 tax code and forms they need to begin processing returns.

“Without knowing what the forms are going to look like this could cause a delay in the processing of any returns to March of 2013,” said Greg Simons, principal owner of Simons Bitzer & Associates. “For certain taxpayers who expect that refund every year by some time in February, those are going to be delayed.”Read more at http://fox59.com/2012/12/31/deal-or-not-fiscal-cliff-debate-to-delay-t
ax-refunds/#jb35zrT6E2UfTzX8.99

Quote:
Fiscal cliff likely to trigger filing delays for taxpayers

The upcoming tax season is going to be even more unpleasant than usual. And more complicated. And maybe more costly for millions of Americans.

Because of congressional inaction on the Alternative Minimum Tax (AMT) and several other end-of-the-year tax extensions, the IRS already is telling tax preparers that many of its online forms won't be available until March.

Millions of taxpayers will need to request extensions on their income tax deadlines. That will delay tax payments to the state and federal governments -- and delay millions of dollars in refunds to taxpayers.

"One way or another, that money will be sitting in the Treasury rather than doing work for the United States economy," Gray said.

He's been telling his clients this year "that my crystal ball is broken. We should all go to Washington and bring our torches and tar and feathers and say, 'Clean up this mess.' "

In 42 years of preparing tax returns, Putney said, he has never faced such an uncertain tax season.

"We've had mixed-up years in the past but this year it's unprecedented," Putney said. "It's nerve wracking and annoying and frustrating." http://www.mercurynews.com/business/ci_22270433/fiscal-cliff-likely-tr
igger-filing-delays-taxpayers may have to wait longer to file their federal tax returns, because it took so long for lawmakers to reach a deal on the fiscal cliff.

The tax filing season normally begins in January. However, the delay in coming up with a deal to avert the automatic tax increases means the IRS may not be ready in time. It now has to reformat all of its computers to accommodate the new tax rates.

In a statement to Eyewitness News Wednesday, the IRS said it was "assessing what impact [the fiscal cliff deal] will have on this year's filing season." The IRS says it will announce soon when taxpayers can start filing their returns. http://www.wpri.com/dpp/news/12_for_action/call-12-for-action-delay-in
-reaching-fiscal-cliff-deal-could-delay-tax-filing-season

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

ANTHONYT

Wednesday, January 2, 2013 11:54 PM

Quote:
BTW. In the spirit of the new year, could you possibly lose this stuff?

Hello,

You know, I've been hoping that someone involved might show regret or even manage an apology for the terrible things they've said or sentiments they've heralded.

No such luck.

--Anthony

Note to Self:
Raptor - woman testifying about birth control is a slut (the term applies.)
Context: http://tinyurl.com/d6ozfej
Six - Wow, isn't Niki quite the CUNT? And, yes, I spell that in all caps....
http://tinyurl.com/bdjgbpe
Wulf - Niki is a stupid fucking bitch who should hurry up and die.
Context: http://tinyurl.com/afve3r9

“The stupid neither forgive nor forget; the naive forgive and forget; the wise forgive but do not forget.” -T. S. Szasz

GEEZER

Thursday, January 3, 2013 2:51 AM

Quote:
Originally posted by Niki2:
As to tax returns being delayed, I offer the following...

And this is why I don't trust the news media. They show again and again that they either don't understand the Federal tax system (and a lot of other things), or that they're just trying to scare people to advance someone's agenda.

Any tax changes that would have occurred if we'd gone over the fiscal cliff would have only applied to 2013 income. They would have no effect on the income you earned in 2012 or the Federal tax returns you file by April 15, 2013. I was at lunch with some former co-workers from IRS a few weeks ago, and they told me the IRS return processing software for 2012 taxes was tested and ready to go. These are folks still with IRS and they are in a position to know, being mostly IT developers and managers.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

NIKI2

Thursday, January 3, 2013 5:55 PM

Quote:
I've been hoping that someone involved might show regret or even manage an apology for the terrible things they've said or sentiments they've heralded.

Silly, silly Anthony...

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

GEEZER

Thursday, January 3, 2013 7:10 PM

Quote:
Originally posted by AnthonyT:
Quote:
BTW. In the spirit of the new year, could you possibly lose this stuff?

Hello,

You know, I've been hoping that someone involved might show regret or even manage an apology for the terrible things they've said or sentiments they've heralded.

No such luck.

--Anthony

Rap and Six aren't the only folks here who tend to insult outrageously and frequently. If you're looking for folks to show regret or apology, maybe you should expand your list to cover all persuasions.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

NIKI2

Thursday, January 3, 2013 7:34 PM

Please provide examplese of others who have insulted AS OUTRAGEOUSLY as those cited by Anthony. I'd be interested in seeing them. Thank you.

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

GEEZER

Thursday, January 3, 2013 10:41 PM

Quote:
Originally posted by Niki2:
Please provide examplese of others who have insulted AS OUTRAGEOUSLY as those cited by Anthony. I'd be interested in seeing them. Thank you.

No.

Anyone who follows this forum at all knows who insults folks they disagree with. Some call names, and some do the "Yes, they are poor loonies, aren't they?" act. Shouldn't really be that hard to figure out.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

PIRATENEWS

Thursday, January 3, 2013 11:52 PM

PIRATENEWS

Friday, January 4, 2013 1:07 AM

PIRATENEWS

Friday, January 4, 2013 1:27 AM

John F. Kennedy
vs
The Federal Reserve

On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.

When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper "currency" circulating in 1999 are Federal Reserve Notes.

Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new "money". Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.

Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1

AURAPTOR

Friday, January 4, 2013 2:11 AM

Obama's Christmas vacation.

Fly the entire WH to Hawaii.

Fly back to DC, alone, and do nothing but hold a pep rally for the Dems , scold the GOP, and praise the raising of taxes on those who already pay too much.

Fly back to Hawaii, again.

Remotely sign a bill from Hawaii, when you were JUST in DC, hours before. ( That's 9,000 + miles flown, for no damn reason other than to put yourself in the spotlight )

After a day , maybe, fly the entire WH BACK to DC. Along w/ support staff, secret service and a back up plane, which goes with you on each and every leg of the trip.

Well over 18,000 miles flown, and a HUGE carbon footprint, from the guy who is worried about the imaginary issue of 'climate change'.

Hypocrites. Do as they wish, while telling us not to drive our SUVs or set our thermostats up too high.

"False words are not only evil in themselves, but they infect the soul with evil." - Socrates

" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

CHRISISALL

Friday, January 4, 2013 2:40 AM

Quote:
Originally posted by AURaptor:
Hypocrites. Do as they wish, while telling us not to drive our SUVs or set our thermostats up too high.

I actually agree with this.

ANTHONYT

Friday, January 4, 2013 5:49 AM

Quote:
Originally posted by Geezer:
Quote:
Originally posted by AnthonyT:
Quote:
BTW. In the spirit of the new year, could you possibly lose this stuff?

Hello,

You know, I've been hoping that someone involved might show regret or even manage an apology for the terrible things they've said or sentiments they've heralded.

No such luck.

--Anthony

Rap and Six aren't the only folks here who tend to insult outrageously and frequently. If you're looking for folks to show regret or apology, maybe you should expand your list to cover all persuasions.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

Hello,

We all have our pet peeves, things we consider especially egregious.

If you read my signature, you will see what kinds of things have traditionally bothered me most, any why I feel the need to remind myself of these unapologetic attitudes.

You are free to make a list of the offenses that most offend you, along with the offenders you wish to remember as being most vile. However, keep in mind that you must make your list short. There is a text limit on the signatures, so you will have to be selective.

--Anthony

Note to Self:
Raptor - woman testifying about birth control is a slut (the term applies.)
Context: http://tinyurl.com/d6ozfej
Six - Wow, isn't Niki quite the CUNT? And, yes, I spell that in all caps....
http://tinyurl.com/bdjgbpe
Wulf - Niki is a stupid fucking bitch who should hurry up and die.
Context: http://tinyurl.com/afve3r9

“The stupid neither forgive nor forget; the naive forgive and forget; the wise forgive but do not forget.” -T. S. Szasz

GEEZER

Friday, January 4, 2013 1:50 PM

Quote:
Originally posted by AnthonyT:
You are free to make a list of the offenses that most offend you, along with the offenders you wish to remember as being most vile. However, keep in mind that you must make your list short. There is a text limit on the signatures, so you will have to be selective.

--Anthony

Nope. I'm happier with my signature as it stands.

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

AURAPTOR

Friday, January 4, 2013 2:30 PM

Geezer - Anthony is a very small minded soul.

"False words are not only evil in themselves, but they infect the soul with evil." - Socrates

" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

NIKI2

Friday, January 4, 2013 3:55 PM

Quote:
No.

Anyone who follows this forum at all knows who insults folks they disagree with.

So, nobody you can name who insults as outrageously as those guys? I guess you agree with Anthony that nobody (except Kane) has been as vicious. Okay.

And yes, I know what you're trying to say. But there is no comparison. Period.

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

PIRATENEWS

Monday, January 7, 2013 12:06 AM

The most detailed financial analysis yet made of the Fiscal Cliff Fiasco:
http://www.stripperweb.com/forum/showthread.php?177066-More-Bad-News-F
or-Dancers-The-quot-Fiscal-Cliff-quot
http://www.stripperweb.com/forum/showthread.php?180589-Dancers-who-fil
e-as-an-S-Corp

Obama lookin all dat presidential

JAYNEZTOWN

Sunday, June 16, 2024 12:55 AM

3 Financial Talking Points You Should Ignore When it Comes to Trump, Biden and the Economy

https://uk.finance.yahoo.com/news/3-financial-talking-points-ignore-11
0044053.html