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What Would You Like to See Congress do to Avoid Going Over the ‘Fiscal Cliff?’

Lawmakers have Dec. 31 deadline to prevent start of automatic tax hikes and budget cuts.

After kicking the can down the road to avoid making hard choices in the face of an election, lawmakers now have just a few weeks to face financial reality for the American people. Experts may debate whether it’s a “fiscal cliff” or a gentle slope, but everyone seems to agree that dealing with the deficit and expiration of Bush-era tax cuts is a must. (See Wall Street Journal video explainer.)

Congress set their own deadline to do so of Dec. 31, 2012, conveniently after the election. But with another election at least two years away, it's now time to do something about it. Up until now, each Party has blamed the other for the footdragging, but all indications are that the American people are tired of the deadlock in Washington. They're ready to see some compromise. 

What would you be prepared to see your congressmen concede in order to resolve the issue or do you think they should hold the Party line no matter what? What would you like to see happen to prevent going over the so-called "fiscal cliff?"

art mayes November 19, 2012 at 08:56 PM
I think they should all resign and have a special election to replace them all with new blood.
Kenneth Stepp November 20, 2012 at 01:27 AM
"Fiscal Cliff" is a buzz phrase made up by the media. Here's what will happen. Taxes will rise and the average citizen will barely notice. QE will increase and the average citizen will barely notice. This isn't really kicking the can down the road. It is theft in the highest form, and no one will see it. In 1972 President Nixon took us off the gold standard. That day the dollar was worth, well, a dollar, 100 pennies. Now it's worth about 3 cents. Huge transfer of wealth Americans are told not to see. Nothing new here. Just more of the same. But the buzz words and phrases are much cooler.
Chris November 20, 2012 at 02:16 AM
You may be right about the buzz word but I think you are very wrong when you say "the average citizen will barely notice" and "no one will see it". The average citizen already notices. You are on mark with the value of the dollar. Everything cost more because the dollar is worth less. This will continue and Obama is loving every minute of it. He will drive our economy is the ground until everyone is dependent on government. America is clearly asking for this destruction. This is exactly what America will get.
Jim Aspen November 20, 2012 at 09:50 AM
Doesn't matter, country is in steep decline. Thanks Obama, thanks democrats
"B" November 20, 2012 at 01:02 PM
The Republicans are going to get blamed whether they compromise or not with the Democrats. We all know that the debt will continue under Obama - I say let's stand firm and "go off the cliff". Maybe Americans will wake up and address the REAL issues.
jim armstrong November 20, 2012 at 01:48 PM
I look at things from perhaps TOO much of an oddball view point,and my solutions are rarely serious. If you can't laugh (with a tear in your eye) at the shananigans of govt, you will go off the mental 'cliff'. Remember, our govt is supposed to govern, not rule. Since most laws are prohibitive in nature, the lawmakers tend to prohibit all of us from pursuing what was and is the 'American Dream(s)', "...amoung which are Life, Liberty, and the Pursuit of Happiness..." Our govt seems to pass those laws, (remember, most are prohibitive) to stifle those things and in the long run, I truely believe there will be a collapse of our 'civilization' triggered by economic disaster, followed by a disintegration of the cultural aspects of our society, leading up to a huge violation of the civil rights we have now (as much as they have been eroded over the decades already). Im have said it before, I LOVE THIS COUNTRY, BUT I HATE WHAT ITS GOVERNMENT HAS BECOME.
MWTW November 20, 2012 at 03:43 PM
You are dead on. What you forgot is the inflation that all consumers will deal with as businesses are forced to raise their prices. Businesses are already strapped due to the decline in disposable income and competitive forces that have forced the lowering of prices over the past few years. Most of them can no longer absorb additional expense increases and will be forced to raise prices or go out of business. Incidentally, this is not strictly an Obama "thing". It started in 2006 when the dems took over the House / Senate and Bush did not have the courage to fight them or maybe he just didn't care anymore. Then, once the "margin compression" was growing, Obama came in to really exaggerate it.
Tammy Osier November 20, 2012 at 03:53 PM
The democrats had this planned down to the letter. The "high taxes" on the middle class will take effect in Jan. of 2013. If the democras had lost, the republicans would be blamed and if democrats won, well, they're already in and to heck with what we think. "We" voted them in and there's nothing we can do about it. I say hold on, let it go over the cliff. There will be a time to say, "I told you so", but unfortunately, at the expense of the middle class and poor people that the elites got elected to so-called save. Nothing new here. History repeats itself.
lee kellogg November 20, 2012 at 05:26 PM
Well, if the Democratic "plan," worked so well, aren't Democrats a lot smarter than say, you? Taxes on middle class families won't go up much if at all. You make things up, then snark and insult. Then go on about what great Christians Republicans are. Where did you find out that plan? Who told you? The history you are fond of occurred when?
Mike Early November 20, 2012 at 05:28 PM
I agree with most of your analysis, but of all the govts. in the history of the world, ours has been the most acessible, participatory, and citizen influenced of any. To this day, the citizens of this country have the power to change the trajectory of our government, but not enough of us disagree with where we are headed. Hate to say it, but American citizens, not American government are at the core of the direction of the country.
Tammy Osier November 20, 2012 at 05:33 PM
It ain't Jan. yet.... it's on government sites everywhere. I (and others) actually look this stuff up and examine it rather than hear talking points, believe them hook, line and sinker, then vote.
Tammy Osier November 20, 2012 at 05:34 PM
Amen MIke Early. By the people, for the people.
lee kellogg November 20, 2012 at 05:51 PM
<The democrats had this planned down to the letter> Where was the plan and who said there was such a thing? Good calendar work though.
Mr. B November 20, 2012 at 07:14 PM
lee, if you really believe taxes on the middle class won't go up much if al all, then you should brace yourself. I have said this before but it's worth saying again just for your benefit...grab your shorts, you're about to get screwed.
Mr. B November 20, 2012 at 07:20 PM
That's a very good statement Mike. Not enough of us disagree with where we are headed. But why? It's so obvious to many of us, how can others be so blind? Maybe we need to resort to the bigger hammer theory. Light tapping is an annoyance but getting hit with a bigger hammer may get the attention of the uninformed and uninterested. I'm guessing that over the next couple of years, the taxes coupled with inflation are going to be a huge attention grabber. Especially when all those trusting that the government would never allow inflation to get totally out of control realize that government over spending and over printing of money got us into this mess to start with.
lee kellogg November 20, 2012 at 09:36 PM
B., well, if you use the Romneyspeak over &250,000 (which likely will be higher) middle class taxes will go up. Both sides will cave some, and a deal will get done. I doubt the increase on dividends will pass, but maybe. One side usually is more intractable than the other, but the crisis will probably be more like Y2K than Ragnarok. A return to the Clinton tax code won't kill anybody.
Mr. B November 20, 2012 at 10:29 PM
How about $45K. It's already passed. It's in the Obamacare bill. Now we're just looking to see haw much more through the automatic repeal of the Bush tax cuts.
R++ One of the Famous Dacula Crew November 21, 2012 at 02:31 AM
How about the super secret, super DUPER committee that set the stage for the show we are all about to watch...
R++ One of the Famous Dacula Crew November 21, 2012 at 02:33 AM
Bring back the AMT!! April 2013 ...It's going to be AWESOME!!!
Dave Norling November 21, 2012 at 02:17 PM
I agree with Art Mayes but fire the whole bunch of politicians and start over, controlling their salaries, pensions AND their healthcare. All politicians are like diapers. They need to be changed often and for the same reason!
Good Grief Y'all November 21, 2012 at 02:46 PM
Lee, thank you! That was a perfect diagnosis for bad conditions - snark and insult. Maybe the patient(s) will consider treatment. :D
Good Grief Y'all November 21, 2012 at 02:48 PM
Oh, and the "make things up" phrase was particularly enjoyable (and accurate).
Dave Norling November 21, 2012 at 02:54 PM
Ahhh......after reading your comment, you must be an anti-Christian liberal. I am not a Republican and definitely NOT a Democrat. I am proud to be a Christian, a Vietnam veteran and a patriot. I love my country but fear my government and rightly so! We will continue to feel God's wrath as our society strays from biblical ways. I pray for all of us including anti-Christian liberals. Only He can end the demise of our society. I hate to say, "I told you so" but time will show the destruction of the "Divided States of America" unless we turn to our Lord and Savior. He is the answer to EVERYTHING! ps As Tammy stated, history shows Democrats love of higher taxes and also shows failed Democratic socialized programs: post office, social security, medicare, corrupt welfare, etc and now Obamacare/socialized medicine. Government should govern, not rule!
Tammy Osier November 21, 2012 at 03:38 PM
Middle class tax? It comes in waves. Wave one: First Wave: This is edited down for space Expiration of 2001 and 2003 Tax Relief for small businesses. (means you make less, therefore pay more. Sounds like a tax to me). Personal income tax rates will rise on January 1, 2013. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. (sounds like...) Higher taxes on marriage and family coming on January 1, 2013. The child tax credit will be cut in half from $1000 to $500 per child. (pay more...sounds like a tax to me) Middle Class Death Tax returns on January 1, 2013. (sounds like a tax to me). Higher tax rates on savers and investors on January 1, 2013. Then there's the second wave...and the third wave that includes "Charitable Contributions from IRAs no longer allowed". "Tax Benefits for Education and Teaching Reduced"..etc... could go one. But those who voted this mess in have basically said to the government "we agree with you oh exalted One" tax us! tax us! We don't care! And they don't. When this hits them, they'll excuse the government because they have laid their all at its altar.
Tammy Osier November 21, 2012 at 03:39 PM
The AMt- The AMT will ensnare over 31 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 31 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level.
R++ One of the Famous Dacula Crew November 22, 2012 at 01:42 AM
But Eye Candy 1 needs a new runway ...

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