Why the FUK aren't we more worried about the Fiscal Cliff?

[Staberella]

Obama was Harvard educated so I am pretty sure he can figure out a solution to most of the problems here in the US.

This whole thing is turning into a big fat joke. It reminds me of this joke made popular by Rodney Dangerfield, "My doctor gave me 6 months to live, I told him that I couldn't pay the bills..... so he gave me another 6 months."

It's like how Albany always threatens to shut down NYS if they don't get what they want. It happens every fiscal year; only this time it's on a national level.

[Addyman]

Ok srs question, I was going to put a bunch of $$ down in mutual funds at the start of the year, but since this fiscal cliff whatever thing is happening, would that be a terrible idea? Wait for the market to go down a fuk ton first?

Putting money in before the market crash is dumb as fuk. Putting money in during the crash (when the market is at its lowest) is brilliant. When the economy goes back up, and it will, you'll likely see returns in the high tens weekly.

Of course, put it in too early and you lose your money. Put it in too late and you lose your chance. Good luck brah.
I would suggest something that is stable such as an index fund that tracks the performance of the entire US economy or a specific sector (ie technology), though much more profits and losses can be made with volatile individual stocks.

[Roasted]

not sure where this fiscal cliff thing got started, its more like a small hill.

The problem doesn't exist if you ignore it right? Eventually US debt will be so high that the government will be unable to pay back all the debt and interest payments will suck up all the funds but hey, if you close your eyes the boogey man goes away right? This kind of attitude is the reason the US is in this position to begin with.

[southCityStL]

The problem doesn't exist if you ignore it right? Eventually US debt will be so high that the government will be unable to pay back all the debt and interest payments will suck up all the funds but hey, if you close your eyes the boogey man goes away right? This kind of attitude is the reason the US is in this position to begin with.

If they dont act by tonight the Gov revenue will increase by a lot, thus having extra money to deal with the debt to go along with the planned spending cuts that take place tomorrow.

[ChikN10der]

Glad weed is still illegal, srs

I need a tax free backup plan

[JB12182]

In a nutshell, your taxes will go up thus having less money to spend thus stalling the economy.

[Staberella]

Glad weed is still illegal, srs

I need a tax free backup plan

The federal government is full potato for not legalizing weed imo. That's a whole untapped source of tax revenues right there but no.....let's just expire tax cuts so that everyone has less spending cash which in turn makes people spend less which does hurt the economy and businesses which employees the masses.

[Roasted]

The federal government is full potato for not legalizing weed imo. That's a whole untapped source of tax revenues right there but no.....let's just expire tax cuts so that everyone has less spending cash which in turn makes people spend less which does hurt the economy and businesses which employees the masses.

Wasn't it legalized in a few states including Washington state?

If they dont act by tonight the Gov revenue will increase by a lot, thus having extra money to deal with the debt to go along with the planned spending cuts that take place tomorrow.

Correct, at the expense of the economy because the US government refuses to sit down and actually put together a better plan.

[BurntBread]

No solution: Taxes go up, spending cut. Recession. 2.1 million unemployed stop receiving benefits (haven't decided if good or bad yet). Should stop running a deficit.
Solution: Put off for ever longer.

[midniteOG]

well, i know nothing about it. seems to me its a way for the government to control us more.. however, i have been considering buying up gold/silver seeing as how that holds its value more than paper

[xfirewolfx]

Fiiuiuiiuiark

[Staberella]

Wasn't it legalized in a few states including Washington state?

Decriminalized not exactly "legal", and the feds are stepping in to make it criminal again on a national level. BRB not respecting state's rights.

Oh and as far as cutting spending goes, LMAO that does not happen. Maybe they will cut a few hundred grand from some arts program but that's usually about it.

[Googooly]

One thing I don't understand is even at such difficult times we still see huge pay rises to sports/actors/CEO's and many more high profile people.... Why the **** is this? Seriously why pay some football player crazy amount of money each week when country is suffering big time?? I don't care how good they are or how important their roll is but there should be a cap on salaries!

As always rich will get richer and poor gets ****ed in the ass.

[AgRyan]

Putting money in before the market crash is dumb as fuk. Putting money in during the crash (when the market is at its lowest) is brilliant. When the economy goes back up, and it will, you'll likely see returns in the high tens weekly.

Of course, put it in too early and you lose your money. Put it in too late and you lose your chance. Good luck brah.
I would suggest something that is stable such as an index fund that tracks the performance of the entire US economy or a specific sector (ie technology), though much more profits and losses can be made with volatile individual stocks.

Yeah obviously want to buy when the stock has just crashed/low. I was just asking if the crash was like a guaranteed thing to happen (or close to it) in a few days. Is it supposed to go down for a week or so initially, a few months? Know it's impossible to know but just a basic idea. I'm clueless and been in Afghanistan so no news really.

Planning on getting a Nasdaq index fund as a base and then a few others.

[BurntBread]

One thing I don't understand is even at such difficult times we still see huge pay rises to sports/actors/CEO's and many more high profile people.... Why the **** is this? Seriously why pay some football player crazy amount of money each week when country is suffering big time?? I don't care how good they are or how important their roll is but there should be a cap on salaries!

As always rich will get richer and poor gets ****ed in the ass.

Nobody cares about your socialism.

http://news.yahoo.com/french-panel-o...--finance.html

[jaimeruiz99]

One thing I don't understand is even at such difficult times we still see huge pay rises to sports/actors/CEO's and many more high profile people.... Why the **** is this? Seriously why pay some football player crazy amount of money each week when country is suffering big time?? I don't care how good they are or how important their roll is but there should be a cap on salaries!

As always rich will get richer and poor gets ****ed in the ass.

CEOs don't decide how much these people get paid. The populace does.

If no one saw or watched their games or movies, then they probably wouldn't be paid as much.

[Needhelp1027]

it's a self imposed deadline that can and will be extended

so explain what the big deal is please OP

[Staberella]

My husband's boss (Head of engineering) just had his annual review and turned down a pay raise because he would be put into a tax bracket where after fed, city and state taxes are taken out he would be taking home less pay. He took an extra couple of weeks in vacation and personal days instead.

People are turning down pay raises due to all this BS, crazy days ahead.

[Roasted]

CEOs don't decide how much these people get paid. The populace does.

If no one saw or watched their games or movies, then they probably wouldn't be paid as much.

This, as long as Americans keep treating the NFL like a religion and keep putting money into the sport (by watching on TV or buying tickets) than the salaries will look like that. The government does not decide how much non-government employees get paid. They can only decide how much to tax these people once they do get paid.

[JoshSP1985]

Obama was Harvard educated so I am pretty sure he can figure out a solution to most of the problems here in the US.

Is this a joke?

[darkninja67]

Is this a joke?

Do you think Obama went to a poverty community college???

[JoshSP1985]

One thing I don't understand is even at such difficult times we still see huge pay rises to sports/actors/CEO's and many more high profile people.... Why the **** is this? Seriously why pay some football player crazy amount of money each week when country is suffering big time?? I don't care how good they are or how important their roll is but there should be a cap on salaries!

As always rich will get richer and poor gets ****ed in the ass.

You pay those people's salaries by watching their movies, buying their merchandise and attending their sporting events. They only make what you allow them to make. If only 1000 people went to a pro football game consistently the players would still exist but they would make much less money. The general population enables those types of salaries. They actually do EARN their keep.

[JoshSP1985]

Do you think Obama went to a poverty community college???

Why does a Harvard Education automatically make someone qualified to fix a country?

[JoshSP1985]

My husband's boss (Head of engineering) just had his annual review and turned down a pay raise because he would be put into a tax bracket where after fed, city and state taxes are taken out he would be taking home less pay. He took an extra couple of weeks in vacation and personal days instead.

People are turning down pay raises due to all this BS, crazy days ahead.

Cash equivalents are > cash especially when they're necessities. I would take a company car and gas card over a 5k raise no problem.

[darkninja67]

Why does a Harvard Education automatically make someone qualified to fix a country?

He has a better chance at fixing the problems at hand than any of us.



























read sig brah.

Obama? We fuked.

[xfirewolfx]

You pay those people's salaries by watching their movies, buying their merchandise and attending their sporting events. They only make what you allow them to make. If only 1000 people went to a pro football game consistently the players would still exist but they would make much less money. The general population enables those types of salaries. They actually do EARN their keep.

Intredesting

[Staberella]

Cash equivalents are > cash especially when they're necessities. I would take a company car and gas card over a 5k raise no problem.

Yep, and that's exactly what he did. My husband's review is coming up soon and he is going to crunch some #s and if it comes out to him taking home less pay he says he is going for the paid off days option as well.

It's kinda scary though when people are turning down cash for days off instead.

Why work hard and be the best? The pay is the same.

[nodnarb481]

we will just go back to the taxes we paid in the 90s....


oh god no the world is going to end do you guys remember how ****ty the 90s were?....

this. 90's were the chit. in fact, the only tax I paid in the 90's was sales tax. Woot woot! (not srs)

This just reverses Bush's tax cuts.. which lets be real, weren't that great of an idea to begin with. They'll come up with some watered down plan that won't do anything but kick the can further down the road and then this will all repeat until the country is gone. What I'm more concerned about is that these stupid fukking children are about to get pay raises. IF that doesn't make your blood boil than you aren't human

[xfirewolfx]

Every great empire has fallen in history. Its just a matter of time

[builder95]

Every great empire has fallen in history. Its just a matter of time

Every great empire has fallen as a result of war. With all the nukes we have not to mention how powerful our military is, I don't see anyone trying to attack us anyitme soon. Unless its a terrorist.