[miho]

I know what the fiscal cliff is but i don't understand how it will affect me. i understand those on goverment aid will be affected but how will it affect those like me that work like slaves to not depend on goverment aid? Anybody can explain.thank you.

 

[Smitty901]

I understand we have not had a budget sense Obama took over. I understand that he has been spending like a teenage with a stole credit card.
I understand the bill is over due.
I understand I will get the bill.
I am sick and tired of be so understanding for his crimes.

 

[PaulS]

Social Security and Medicare/medicaid are all funded for years to come. The fiscal "cliff" will only affect federal police agencies, handouts to corporate Amerika, and the payroll for the federal government employees. TSA might have to curtail groping people, DHS will have to stay at home and not harass folks, the parks department will have to lay off some rangers or have them go on vacation. The CIA, IRS, and a bunch of other initials will have to curtail all operations and the military might have to come home instead of fighting any wars.

The rest of us won't even know that anything is wrong until we don't get our mail. We might have to call the heat, light and water company to find out what we own and when it's due.

 

[ekim]

Social Security and Medicare/medicaid are all funded for years to come. The fiscal "cliff" will only affect federal police agencies, handouts to corporate Amerika, and the payroll for the federal government employees. TSA might have to curtail groping people, DHS will have to stay at home and not harass folks, the parks department will have to lay off some rangers or have them go on vacation. The CIA, IRS, and a bunch of other initials will have to curtail all operations and the military might have to come home instead of fighting any wars.

The rest of us won't even know that anything is wrong until we don't get our mail. We might have to call the heat, light and water company to find out what we own and when it's due.

If that was all there was to it, I'd say do it now, but it won't happen that way and history shows it. That being said, I still say bring it on now. Shut down government and let the crap hit the fan. I want to see some politicians scramble for answers and have it shoved down their throats, literally. If someone has to suffer, I want it to be the politicians that brought all this crap about that get all that's due them. I want to see a politician gravel for his life like many Americans do now because of those dam politicians.

 

[BigCheeseStick]

Clinton pulled this same BS years ago when I was in the military and I remember pretty clearly that it took about THREE DAYS for higher ranking officials on base to be the first ones saying. "If you can't pay me, you'd BETTER get me a plane ticket home RIGHT THE F NOW!".

IF they play their political games long enough to stop military pay this time, it'll be interesting to see how happy the guys in Afghanistan and sitting on boats outside Syria are about things. Putin will be laughing his butt off.

This is just another opportunity for the bama to make international FOOLS of us all. Seems democrats are getting well practiced at it!

 

[Smitty901]

Have you forgotten Obama email on the subject he said make it hurt.

 

[Boss Dog]

I know what the fiscal cliff is but i don't understand how it will affect me. i understand those on goverment aid will be affected but how will it affect those like me that work like slaves to not depend on goverment aid? Anybody can explain.thank you.

We will be like Argentina in the 1980's. Massive layoffs, failing infrastructure, failing currency, higher crime rates. The only people living comfortable will be government employees.

 

[PalmettoTree]

If you think you understand then you are absolutely wrong.

Prepping is for what you do not, can not and will not understand.

All the rest is just profiteering off your fears.

 

[Ripon]

Fiscal Cliff is nothing but media frenzy, political posturing, and market hyperbole. It's like a "cold" bug. Little you can do about and just wait for it to go away.

 

[Meangreen]

When this happened under the Clinton Administration I had to work a month and a half without pay, we didn't have fuel and few vehicles. This time I think It will be much worse with most agencies shutting down. Remember when Russia collapsed? I think it will be much worse in the USA because no one wanted to get into Russia.

 

[BigCheeseStick]

When this happened under the Clinton Administration I had to work a month and a half without pay, we didn't have fuel and few vehicles. This time I think It will be much worse with most agencies shutting down. Remember when Russia collapsed? I think it will be much worse in the USA because no one wanted to get into Russia.

Yeah, if border patrol stops doing their thing it's NOT going to be a good time anywhere within a hundred miles or so of Mexico. I'm guessing beyond that state and city police will begin picking up the troublemakers pretty quickly. If DEA, and Coast Guard stop working Florida will have more Cubans than Cuba does within a week (and about a million boats made from beer bottles and such littering the beaches). Aside from that I can't think of TO MUCH change happening on our own soil (no more snail mail obviously).

BUT, with half the states already wanting to secede from the union BEFORE... NOW'S YOUR TIME TO SHINE REBELS! ::redsnipe::

Missouri was just trying to pass a law where federal agents would be arrested for trying to enforce federal gun laws the state wanted to completely ignore! Missouri measure nullifying federal gun laws fails in state Senate | Fox News

Bad news is the SECOND even one state says they're seceding, the fed will sign the bill extending the debt limit so they can squash any free thinkers back into place.

South Carolina lead the last rebellion against the Federal Gov. (aka. The Civil War), would be interesting to see who steps up first for the next one!

 

[split]

How does it affect you?
Everyone in your family, even children, must pay $53K each to pay off the governments credit card.
So a family of 4 owes over $212K.

U.S. National Debt Clock : Real Time

 

[Meangreen]

Yeah, if border patrol stops doing their thing it's NOT going to be a good time anywhere within a hundred miles or so of Mexico. I'm guessing beyond that state and city police will begin picking up the troublemakers pretty quickly. If DEA, and Coast Guard stop working Florida will have more Cubans than Cuba does within a week (and about a million boats made from beer bottles and such littering the beaches). Aside from that I can't think of TO MUCH change happening on our own soil (no more snail mail obviously).

BUT, with half the states already wanting to secede from the union BEFORE... NOW'S YOUR TIME TO SHINE REBELS! ::redsnipe::

Missouri was just trying to pass a law where federal agents would be arrested for trying to enforce federal gun laws the state wanted to completely ignore! Missouri measure nullifying federal gun laws fails in state Senate | Fox News

Bad news is the SECOND even one state says they're seceding, the fed will sign the bill extending the debt limit so they can squash any free thinkers back into place.

South Carolina lead the last rebellion against the Federal Gov. (aka. The Civil War), would be interesting to see who steps up first for the next one!

Don't forget all the federal prisoners that will not have guards anymore or maintained prisons. No Import/Export specialists to move good and services in and out of the country and ports will not move goods off of foreign ships. Ect, Ect, Ect. People think it won't affect them but that is not the case.

 

[Inor]

It will affect anybody that has a retirement account. U.S. Government bonds will go to junk status in a very short period of time. Since pension funds far exceed the Chicoms and the Japanese in the number of bonds held, be prepared for your retirement accounts to take a big hit.

 

[scramble4a5]

Fiscal Cliff is nothing but media frenzy, political posturing, and market hyperbole. It's like a "cold" bug. Little you can do about and just wait for it to go away.

Exactly. We will never know the whole truth. What we hear from the press and politicians is just noise.

 

[Inor]

The one thing I would caution all of you on is to understand the difference between the budget and the "fiscal cliff". The budget is what Congress is arguing now. If they do not come to a budget or another "continuing resolution" to keep spending at current levels by 9/30, the government will technically shut down and most of the services you all have outlined above will happen. The "fiscal cliff" is when the government reaches its debt limit. That is, it becomes illegal for the government to print more bonds to pay for all of the waste, fraud and abuse in the budget. That is due to hit sometime in mid-October.

Just my opinion, but hitting the debt limit would be VERY VERY bad. That will hurt anybody that has lived within their means and saved. It will also hammer the capital markets REALLY hard. We really do not want to hit the debt limit.

Coming to the end of the fiscal year without a budget or "continuing resolution", on the other hand, is not bad at all. It forces the government to only spend money on absolutely CRITICAL functions - defense, etc. This is the part that everybody whines about because the national parks shut down. But on the other hand, if the government is shut down, it is not spending as much money and the "fiscal cliff" becomes a non-issue because the taxes collected would cover the expenses.

So, Inor's general rule of thumb: Hit debt ceiling - very bad ju ju. Government shutdown due to not passing budget - HELL YEAH! Bring it on! Try eating your damn Obama Phones looters!

 

[Meangreen]

The one thing I would caution all of you on is to understand the difference between the budget and the "fiscal cliff". The budget is what Congress is arguing now. If they do not come to a budget or another "continuing resolution" to keep spending at current levels by 9/30, the government will technically shut down and most of the services you all have outlined above will happen. The "fiscal cliff" is when the government reaches its debt limit. That is, it becomes illegal for the government to print more bonds to pay for all of the waste, fraud and abuse in the budget. That is due to hit sometime in mid-October.

Just my opinion, but hitting the debt limit would be VERY VERY bad. That will hurt anybody that has lived within their means and saved. It will also hammer the capital markets REALLY hard. We really do not want to hit the debt limit.

Coming to the end of the fiscal year without a budget or "continuing resolution", on the other hand, is not bad at all. It forces the government to only spend money on absolutely CRITICAL functions - defense, etc. This is the part that everybody whines about because the national parks shut down. But on the other hand, if the government is shut down, it is not spending as much money and the "fiscal cliff" becomes a non-issue because the taxes collected would cover the expenses.

So, Inor's general rule of thumb: Hit debt ceiling - very bad ju ju. Government shutdown due to not passing budget - HELL YEAH! Bring it on! Try eating your damn Obama Phones looters!

Yes the end of the fiscal year is the first of October and it very well could be the fuze that sets it all off.

 

[Ripon]

We have hit the debt ceiling before, but its always gotten resolved. I disagree with one assertion you made in that they can't still print. The FED prints, and congress / budget have nothing to do with that. It means the govt can't borrow. The taxes still go in, and bills are still paid, they are just short the over spending. Which of course gets back to my orignal post here - it becomes a media frenzy, a political football, and like a cold bug - it happens and we just wait for it to go away.

I personally want very badly for the the HOUSE to pass a continuing resolution for all expenditures except obamacare. Harry Reid will hold that up in the Senate but it will then be "on him." Obama won't allow Reid to let the Senate vote on it because then it would be on "obama" and that king dirk head aint about to let it be "on him."

The one thing I would caution all of you on is to understand the difference between the budget and the "fiscal cliff". The budget is what Congress is arguing now. If they do not come to a budget or another "continuing resolution" to keep spending at current levels by 9/30, the government will technically shut down and most of the services you all have outlined above will happen. The "fiscal cliff" is when the government reaches its debt limit. That is, it becomes illegal for the government to print more bonds to pay for all of the waste, fraud and abuse in the budget. That is due to hit sometime in mid-October.

Just my opinion, but hitting the debt limit would be VERY VERY bad. That will hurt anybody that has lived within their means and saved. It will also hammer the capital markets REALLY hard. We really do not want to hit the debt limit.

Coming to the end of the fiscal year without a budget or "continuing resolution", on the other hand, is not bad at all. It forces the government to only spend money on absolutely CRITICAL functions - defense, etc. This is the part that everybody whines about because the national parks shut down. But on the other hand, if the government is shut down, it is not spending as much money and the "fiscal cliff" becomes a non-issue because the taxes collected would cover the expenses.

So, Inor's general rule of thumb: Hit debt ceiling - very bad ju ju. Government shutdown due to not passing budget - HELL YEAH! Bring it on! Try eating your damn Obama Phones looters!

 

[Gunner's Mate]

"Yesterday, President Obama and John Boehner talked about the fiscal cliff for 45 minutes, but the White House will not release a transcript of their conversation. However, they did offer to have Joe Biden re-enact it with puppets

"Federal Reserve Chairman Ben Bernanke said a failure to reach a deal for the fiscal cliff will hurt the recovery. The good news is most Americans will not be affected by this because they had no idea there WAS a recovery.

"Both parties in Washington now agree that our country is headed toward a 'fiscal cliff.' The bad news: We just elected a guy whose campaign slogan was 'Forward

"'Fiscal cliff' is a big fancy phrase right now. If you want people to understand though, use language they get: 'We're headed for Broke-Ass Mountain.' That’s what it is

"I may be overreacting, but I've already decided which family politican to eat in case we go off the fiscal cliff


"I'm confident the fiscal cliff will get resolved before I'm able to comprehend an article about the fiscal cliff.

 

[CWOLDOJAX]

This relates to the fiscal cliff in a sense as a govt mind-set. I asked our HR/insurance reps for the company plan about the significance of ObamaCare being defunded. The reply was the administrations intent is that funded or not it shall be implemented.