14 votes

Fiscal Cliffhanger: Lieberman says no deal tonight

Asked as he left a meeting of the Senate Democratic caucus whether a deal would be struck today, Sen. Joseph I. Lieberman (I-Conn.) replied: “No, I’d be shocked. I think the parties are much farther apart than I hoped they’d be by now, and that the country thought they’d be when negotiations started on Friday.”

http://www.washingtonpost.com/blogs/post-politics/wp/2012/12...

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well....

looks like we were right. Again.

B.S.

I am sure they already have a deal to screw us. This is all bad political theatre. They will announce a last minute deal that screws all of us and will then pretend that they have just saved us all and the media will run the program. Sickening.

Ronzd - wife and I have been saying the same thing for a week

This is ALL political theatre! Both sides know exactly how things are going to play out. Bernanke, Geithner, Obomba, and the gang of crooks are playing their parts for the masses who still buy into all this BS.

They probably get together, drink, smoke cuba cigars, play poker, and swap lies unti the egg timer goes off to remind them to go make a curtain call for the show.

Once you see through all this its SO OBVIOUS! Like you said...at the last minute "a deal" will get done or if they have decided to "really scare" the sheeple they will let us go over "the cliff" and then "put partianship aside for the good of the nation and the Amerikan people" and put some lame "stop gap" in place. OH MY HEROS! I worship thee!

Fcuking A-holes. You jackasses aint fooling a lot of us anymore. LOL!

Think about this and tell me if I'm on target

I'm not sure that all of these numbers are right, but these are some of the numbers I've heard floated concerning the cliff.

If avoiding the cliff means 800 billion in spending cuts over ten years and the Fed is creating 85 billion per month that means that in ten months the Fed will have created the full 800 billion plus an additional 50 billion to offset inflation. Curiously enough, 50 billion is 5.8% of 850 billion (the amount created through QE/Twist over ten months) and 6.25% of 800 billion (the amount of the spending "cuts" cumulative over ten years). I think those percentages are close to current real inflation numbers. It's all about trying to maintain the status quo.

If we go over the cliff, taxes automatically increase and spending decreases. I've heard to expect an additional 2% of NET pay taken in taxes. I think in a real world scenario that the decrease in savings will be more than 2% by the time wage and consumable good prices increase in order to maintain the same profits being made now, before the cliff. Meanwhile the Fed still continues to print.

I bought 2 pair of work boots and sundry items today. The price per pair had gone up about $35 since the last pair (exact same brand and model that I got today) which was purchased about 1 1/2 years ago.

Has...I Believe You HAS It Right...

lol..

Thanks e!

What do you do for work if you don't mind my asking? I notice you post quite a bit of equipment type stuff.