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View Diary: Are talks between Obama and Boehner already breaking down? (194 comments)

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  •  Does anyone know? (1+ / 0-)
    Recommended by:
    ferg

    How long this "recession" is supposed to last? I read part of the CBO report that it would be for about 6 months but then the economy would be better in the last 6 months than it has been in years. I'm not a stats guy so I could be reading this wrong. Anyone have any insights?

    •  that's the projection (1+ / 0-)
      Recommended by:
      dharmafarmer

      that I've heard. A 6 month recession followed by a decent recovery.

      •  Then what difference (0+ / 0-)

        Does going off the cliff make? By the time people start realizing their checks are short Early to Mid Feb 2 months of the "recession" are gone, the deficit is cut in half and the main talking point of the GOP is gone. Why is this an argument again?

        •  Difference it makes is shown by Europe. (0+ / 0-)

          The terms of the "fiscal cliff" are much like Euro-style austerity. Which has been a disaster--Euro GDP has gone down, taking tax revenues with it, so their debt has grown instead of shrunk.

          "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

          by HeyMikey on Mon Dec 10, 2012 at 01:38:19 PM PST

          [ Parent ]

          •  So now I'm confused (0+ / 0-)

            Fiscal cliff = bad? I mean all I hear is go off the cliff (curb, slant, slope w/e) Is it go off and stay off? Or go off and try and slavage something of the wreakage afterwards? I'd really like to understand what would be the best thing for the country

            •  See my response to ferg, below (0+ / 0-)

              with links to other comments

              "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

              by HeyMikey on Mon Dec 10, 2012 at 02:31:48 PM PST

              [ Parent ]

          •  yep. it's not a good solution, just less bad (1+ / 0-)
            Recommended by:
            dharmafarmer

            than the alternatives.

            •  Maybe good short-term strategy; med-term BAD. (1+ / 0-)
              Recommended by:
              what whit

              As in my other comments on this diary: http://www.dailykos.com/...

              More in this exchange: http://www.dailykos.com/...

              "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

              by HeyMikey on Mon Dec 10, 2012 at 02:31:09 PM PST

              [ Parent ]

              •  medicare to 67 isn't a short-term problem (5+ / 0-)

                The bad alternatives are long-term cuts to new deal programs.

                A 6 month recession would be bad, but not as bad as cutting the new deal programs for all future seniors.

                •  it depends... (0+ / 0-)

                  I'm not saying it's worth paying any price to avoid the FC. I'm just saying the FC would not be painless, and certainly not substantively beneficial, as some here seem to imply.

                  "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

                  by HeyMikey on Mon Dec 10, 2012 at 07:41:32 PM PST

                  [ Parent ]

              •  Okay. Makes sense. (1+ / 0-)
                Recommended by:
                ferg

                But I don't see any stimulas in the works. Since tax rates are going up on investment income (capitol gains etc) and personal rates, what happens wit hthat extra dough. I'm all for the tax and spend moniker depending on what the money is spent on. Because I know it's not going to sit idle. Is it? Because I know that that money isn't going to be used to pay the deficit.

                Also, aren't taxes on "middle class" people going up anyway with the extension of the payroll tax cut? Is this a way to blame the GOP for tax hikes? Or a quiet death of a good stimulus, albeit one that effectively "robs" Social Security?

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