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Author
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Topic: Fiscal Cliff... or Not
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juniperb
Moderator Posts: 5708
From: Blue Star Kachina
Registered: Apr 2009
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posted December 27, 2012 01:37 PM
  
Do you think they will let it drop over the edge? If so, what will be any long lasting ramifications? I know the credit rating of the U.S. will drop, taxes & steep cuts will kick in but is there hidden bites? ------------------
We need to listen to our own song, and share it with others, but not force it on them. Our songs are different. They should be in harmony with each other. ~ Mattie Stepanek IP: Logged |
YoursTrulyAlways
Knowflake Posts: 4394
From:
Registered: Oct 2011
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posted December 28, 2012 12:54 PM
The one unattractive thing is that taxes will ride for everybody, right down to the borderline poor family at $50K a year for four. The good part is that spending will be massively cut, starting with defense. Half the budget trimming will be in defense. But along with that comes jobless benefits, welfare programs etc. Cuts will have to be made. I'm not the typical conservative who's going to cry about the defense cuts. The finances have to be in order. That is priority number one in order to save the young from shouldering the burden. As far as taxes going up, my stance is to save and protect the poor. Raise it on the middle class and the entrepreneurs and the economy goes into another recession cycle, but c'est la vie. Medicine usually never tastes good. But strong medicine is needed. The finances are whacked. I think, as usual, they'll compromise and kick the can down the road without resolving anything. Forget the credit ratings. They are irrelevant. US bond spreads are still well below that of Germany, which still has its AAA/Aaa/AAA ratings. Even Japan's are better than Germany. The financial markets don't pay attention to such cosmetics. Nobody doubts that the US has the strongest economy. Except for China, which is sinking. IP: Logged |
Ami Anne
Moderator Posts: 38833
From: Pluto/house next to NickiG
Registered: Sep 2010
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posted December 28, 2012 01:07 PM
We have had such good feelings between us, Juni. I don't want anything to take that away, so I will erase my comment. Blessings to you  http://www.mychristianpsychic.com/ IP: Logged |
YoursTrulyAlways
Knowflake Posts: 4394
From:
Registered: Oct 2011
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posted December 28, 2012 01:17 PM
It's impossible to please any constituency. There should be both tax raising and some serious deep spending cuts across every single category, yes including defense, education, welfare and pork barrel projects. IP: Logged |
juniperb
Moderator Posts: 5708
From: Blue Star Kachina
Registered: Apr 2009
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posted December 28, 2012 01:30 PM
Thanks for replying YTA and being informative."I think, as usual, they'll compromise and kick the can down the road without resolving anything." Par for the course  ------------------
We need to listen to our own song, and share it with others, but not force it on them. Our songs are different. They should be in harmony with each other. ~ Mattie Stepanek IP: Logged |
iQ
Moderator Posts: 4224
From: Chennai, India
Registered: Apr 2009
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posted December 29, 2012 03:23 AM
Juni, just try to read "Financial Tyranny" by David Wilcock in www.divinecosmos.com.
Acoustic has finished reading it, and he liked it too. It will explain to you how exactly the whole currency game is one big show. No matter what happens, the USA will remain the world's largest economy. The Elite can easily stop taxing all citizens up to 250K per year, and still collect enough tax revenue IF they cut the Global Military expense of maintaining so many US Bases abroad, Aid to military of Pakistan etc. 50% of the debt claimed is FALSE DEBT of interest on an interest that should never have been charged. 26 Trillion dollars is the actual debt.
At a decent real estate price of 100 dollars per square feet, USA can pay off this debt by forcing the debtors to accepting a 200 x 200 kilometer land parcel.
The value is $43,560,000,000,000 or 43 trillion dollars. Take it or leave it. Why is this not done? In reality, there is no debt except Principal Capital. Usury and Interest are Forbidden in the Kingdom of God, and is the United States not One Nation under God? Make all your congressmen and senators and low level campaigners/representatives think about this.
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Astrology Articles New Services and short readings IP: Logged |
juniperb
Moderator Posts: 5708
From: Blue Star Kachina
Registered: Apr 2009
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posted December 29, 2012 09:26 AM
Thanks IQ, I will !!------------------
We need to listen to our own song, and share it with others, but not force it on them. Our songs are different. They should be in harmony with each other. ~ Mattie Stepanek IP: Logged | |
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