Fiscal Cliff “Crisis” Updates….. UPDATE “NO DEAL”

Update -  NO DEAL !!


fabian-400-glassOperating in “crisis” mode is the preferred comfort zone of the progressives (fabian socialists). It is where they can do the most damage – The Place of New Normal and Fundamental Change……

Reuters: Emerging “fiscal cliff” deal would raise tax rates for individuals with income above $400,000 a year and households above $450,000 a year, according to source familiar with matter. Deal would include permanent alternative minimum tax fix, extend unemployment benefits for a year, source says.

But, of course, no spending restrictions to impede their “fundamental changes”…..

WASHINGTON (AP) — The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates on couples making over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.

Class Warfare 2

But with a midnight deadline rapidly approaching, both sides were at an impasse over how to handle automatic, across-the-board spending cuts set to take effect on Jan. 1. Democrats want to put off the cuts for one year and offset the so-called sequester with unspecified revenue.

The deal in the works would return tax rates on families making over $450,000 to 39.6 percent, the same level as under former President Bill Clinton. The agreement would also raise tax on estates worth more than $5 million from 35 percent to 40 percent. Unemployment benefits would be extended for one year.

A Republican official familiar with the plans confirmed the details described to The Associated Press.  (more)


Henry Wallace and Vernon Jarrett

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33 Responses to Fiscal Cliff “Crisis” Updates….. UPDATE “NO DEAL”

  1. John Galt says:

    If they make a deal with no spending cuts, it makes voting decisions very easy. Vote against any senator or congressman that votes in favor of the deal. Progs pretending to be Republicans need to go.

    • howie says:

      Today I am proud I defected from the GOP to the Constitution Party. They are now the party of Tax The Rich and spend like crazy. What a bunch of Baffoons.

  2. Josh says:

    I’d bet that if you asked any *news person* to define “The Fiscal Cliff” nary one of them would have an answer.

  3. howie says:

    Seems like these Gop’s got elected on no new taxes. Or did I ferget? Now who are the bigger liars. The Crat’s who ran to raise taxes? Or the Gop’s who ran to cut them?

  4. Sharon says:

    “Fiscal cliff” is as useless a phrase as the word “is” was, by the time Bill Clinton got through with it.

    I hate it. It was always intended only to create a sense of crisis NOW–when this particular “crisis” has been fiscal reality for at least five years. It’s just not important until they settle on a special name for it.

    • sundance says:

      And “it” must always be THREE words or less.

    • Josh says:

      Sharon, of course you are correct. I don’t think the masses really care about “The Fiscal Cliff” as much as the media would like them to. I find it interesting that I’m hearing of no polls.

    • ytz4mee says:

      Right … we’ve been operating without a budget (and therefore, NO accountability) for the past five years, and the credit rating of the US has already been downgraded ONCE (more coming ….), but NOW we’re supposed to be in “panic” mode???

      Never let a good crisis go to waste.

      Which makes ya wonder exactly what they plan to use this engineered “crisis” for?
      I will not be surprised at how far outside the Overton window they intend to push it.

    • Knuckledraggingwino says:


      Going over the fiscal cliff will restore fiscal and political sanity. The Bush tax cuts were wonderful for the economy but they created an electorate majority of people who do not pay taxes and were therefore willing to vote for Obama. Let the lower middle class get reamed by the restoration f Clinton era taxes plus Obamacare taxes and they will be ready to vote true conservative in 2014. This is of course presuming that we have an election in 2014.

  5. howie says:

    Hip! Hip! Hooray! The Fecal Cliff! What a bunch of BS.

    • ytz4mee says:

      Fasten your seatbelts ….. Wheeee!

      • howie says:

        The most important thing is the deductions remain. Now…let the call go out to all taxpayers. Raise the deductions on your w-4 to ten. That will F them up. An easy solution. No longer overpay your taxes. Then you can owe them at the end of the year. And next and next. It is time to take them down. They are getting too pesky and full of themselves. They are nothing without us….nothing.

        • ytz4mee says:

          Bless your heart, Howie.

          I hate to break it to you, but the Federal Income Tax is a red herring and irrelevant to how the government really operates and funds itself … the FICA is used as social tool, nothing more.

          This Regime … if they need more money, they just print it and sell bonds to themselves. The Kabuki Theatre about “taxing the rich” so they “pay their fair share” is nothing more than to evoke an emotional buy-in …… divide and conquer …. pick a side …..

          • howie says:

            Not if the GOP in the house does not raise the debt amount. That is the key. It would put a stop to the insanity and defund the agencies. I pick the side to stop the madness. Take the hit and start over. Under the constitution. The GOP is selling us down the river constitutionally.

            • Antony G says:

              You seem to be saying that you believe there is a grand overall GOP plan to stop the Democrats from raising the debt ceiling, and the major issue in the fiscal cliff talks about reducing spending is just a red herring. But then you say the GOP are selling us down the river. You don’t sound that confident to me when you say effectively the GOP has it’s eyes on a bigger prize.

  6. gretchenone says:

    The Greatest Show on Earth!

  7. Allfal says:

    I am somewhat confused by this fiscal cliff concern. Please correct me if I’m wrong but leaving out the automatic spending cuts, this simply returns us to Clinton tax rates applied before the Bush tax cuts. Having listened to every liberal, progressive or democrat call them the” Bush tax cuts for the rich ” for the last 10 or 12 years, why are the democrats so insistent on perserving part of the Bush tax rates? After the stink this group has made since the cuts were passed, they could at least give credit that he gave significant tax cuts for all, not just the ” rich “. If they want to perserve some of the Bush tax rates, call it what it is. In addition, if they want to raise taxes on the productive job creators, call that bit of theft by not so creative creeping socialism what it is.

    • howie says:

      They lie. That is why. This is even worse than Global Warming. I wish that the opposition would oppose and shut it down. Totally. 100% shut down. In a month or two we could start a real constitutional recovery. The agencies would begone. The pain would be 100 times worth the gain. Or 1000 times worth it. Imagine life with no Federal Agencies. It would be back to normal…..Shut it down!

    • yadentyadent says:

      I don’t believe for a minute that the statists care about the tax rates increasing for all. They do care about the ‘spending cuts’ that will be activated but then again that will create a crisis that will need to be ‘solved’….oh the agony of it all.

      • howie says:

        They care about one thing. The ability to keep borrowing from the Fed and China That is where they get the OPM. Taxes can fund social security but not SNAP, AFDC and all the other scams. Without borrowing they cant fund the hoax. I say shut them down. I would rather a depression worse than the thirties over losing freedom and the constitution. When out of OPM the agencies collapse. That is worth paying any price. Any price.

  8. Sharon says:

    Usually don’t do this, but this is not a usual day. So without apologies, here it is:

    • Sharon says:

      Don’t be distracted by the lack of “scars in the palms” of the hands: the spikes driven into those who were crucified by the Romans would have been driven through the wrist, right through the tiny bundles of nerves that lead into the hands. Far, far more painful that way which, of course, was their goal.

  9. Antony G says:

    So as I understand it, a deal has been made that effectively sees tax rates remaining the same for those earning below 450k. Obama gets his way on raising taxes but there are no spending cuts in the deal at all. They will be dealt with later in future discussions.

    How is it possible that Republicans will vote for this deal tomorrow or whenever? It does not make sense based on even the most compromising position the GOP leaders have held up to this point.

    • howie says:

      This is just a Dog and Pony. The key and what the communists fear is the raising of the debt ceiling. The only get OPM by borrowing. There are not enough taxes to fund their revolution.

  10. dalec911 says:

    Just remember, after we go over the fiscal cliff and we are at the bottom…looking up… we will see the debt ceiling!! That’s what’s coming next, in a month or so!! Maybe Obama can print more money??

  11. cajunkelly says:

    There is, evidently, now a deal;

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