One Nation, Under Water

[Mr. Big Dog 10,747]

Not really. Congress is yet to take on a serious issue, one that interests Americans across the board, and sit down and solve it in the manner for which they were elected.

That's not fair. They repealed Obamacare over 30 times in the House over the last year and a half. How is that not taking on a serious issue?

[rocks 494]

That's not fair. They repealed Obamacare over 30 times in the House over the last year and a half. How is that not taking on a serious issue?

[JohnR! 5,495]

That's not fair. They repealed Obamacare over 30 times in the House over the last year and a half. How is that not taking on a serious issue?

[Mr. Big Dog 10,747]

And yet, "Obamacare" remains the law of the land.

[rocks 494]

I'd post some skinny dipping pictures from the Sea of Galilee but I don't want to get in trouble.

Edited August 22, 2012 by rocks

[JohnR! 5,495]

I'd post some skinny dipping pictures from the Sea of Galilee but I don't want to get in trouble.

:rofl:

It must have been a religious experience, to be sure...

[Mr. Big Dog 10,747]

I'd post some skinny dipping pictures from the Sea of Galilee but I don't want to get in trouble.

That's all about family values. The family jewels getting to take a dip in the holy waters in this case.

[jkelly07 120]

the new tea party congressman are the worst to to far to the right the party of NO, president obama gave them many job bills to put people back to work, congress voted NO every time, then they say where are the jobs, this congress will do any thing to made president obama look bad. they voted to give the united states a bad credit rateing the first time in us history, this GOP congress has the worst history not working togather and not getting any thing done vote the bums out,

[kytwell 179]

WASHINGTON - The nation would be plunged into a significant recession during the first half of next year if Congress fails to avert nearly $500 billion in tax increases and spending cuts set to hit in January, congressional budget analysts said Wednesday.

The massive round of New Year's belt-tightening - known as the fiscal cliff - would disrupt recent economic progress, push the unemployment rate back up to 9.1 percent by the end of 2013, and produce economic conditions "that will probably be considered a recession," the nonpartisan Congressional Budget Office said.

The outlook is considerably darker than the forecast the agency released in January, when the CBO predicted that the fiscal cliff would trigger a mild recession in the first half of 2013 followed by a quick recovery.

Since that forecast was issued, Congress has steepened the cliff by extending a temporary payroll tax break and emergency unemployment benefits, which are now also set to expire in January. In addition, CBO analysts have concluded that the underlying economy is weaker than had been predicted.

A long-lasting shock

The agency still expects the economy to recover quickly but now says growth would be weaker than previously forecast, with the economy expanding by an annualized rate of 1.9 percent in the second half of next year.

The shock would be felt for years, with the unemployment rate stuck above 8 percent through 2014, the agency said. And the effects are likely to be felt well before the fiscal cliff hits, as "businesses' and consumers' concern about the scheduled fiscal tightening will lead them to spend more cautiously than they otherwise would have" during the remainder of 2012.

The CBO's latest fiscal outlook is likely to fuel the raging debate over budget policy as the Nov. 6 elections approach. Republicans, including presidential candidate Mitt Romney, want to postpone the biggest chunk of the cliff - $331 billion in tax increases - to give Congress time to overhaul the tax code. Democrats, including President Obama, say they will not delay tax increases set to hit the richest Americans, those earning more than $250,000 a year.

Trading charges

Republicans quickly accused Democrats of inviting economic disaster.

"This CBO report underscores why on August 1, I and other House GOP leaders urged the Senate to follow the House in passing legislation that would steer our nation clear of the fiscal cliff," House Speaker John A. Boehner (R., Ohio) said in a written statement.

The White House turned the tables, responding in a statement that the report "only reinforces the urgent need for House Republicans to follow the Senate's lead and pass a bill that gives middle-class families the confidence that they won't see their taxes go up at the beginning of next year."

Unless the election helps to end the standoff, the gridlock that halted a deficit deal for much of the last two years would this time produce one of the biggest rounds of deficit reduction in modern history. Instead of exceeding $1 trillion for a fifth straight year, the 2013 deficit would fall to $641 billion, the CBO predicts.

http://www.philly.com/philly/news/nation_world/20120823_CBO_gives_a_starker_warning_of_fiscal_cliff.html

[one...two...tree 2,762]

The kenyan needs only four more years to straighten everything out. Many great problems are solved on a golf course.

Calling Obama 'the kenyan' is offensive and probably racist. He's an American, born in Hawaii to an American mother. Public slandering should not be tolerated here nor anywhere. Reported.

Edited August 23, 2012 by Commie Appeaser

[웃 910]

WASHINGTON - The nation would be plunged into a significant recession during the first half of next year if Congress fails to avert nearly $500 billion in tax increases and spending cuts set to hit in January, congressional budget analysts said Wednesday.

The massive round of New Year's belt-tightening - known as the fiscal cliff - would disrupt recent economic progress, push the unemployment rate back up to 9.1 percent by the end of 2013, and produce economic conditions "that will probably be considered a recession," the nonpartisan Congressional Budget Office

http://www.philly.co...scal_cliff.html

Choice A (Democrat Plan): A half a percent GDP contraction in 2013. Unemployment goes from 8 to 9%. But our deficit is $500 billion less....Around $600 billion.

You stick with Choice A and debt to GDP ratio drops to 58% by 2022.

Choice B (Republican Plan): 1.7% GDP growth in 2013. Unemployment remains at 8%. But at a cost of $500 billion....Total deficit remains at $1.1 trillion.

You stick with Choice B and debt to GDP ratio skyrockets to 90% by 2022.

I think this tells you which Party is the party of (fiscal) DISCIPLINE, budget tightening, and austerity......And which party is the party of out of control spending and skyrocketing government debt.

Edited August 23, 2012 by ☠

[Teddy B 17,252]

Calling Obama 'the kenyan' is offensive and probably racist. He's an American, born in Hawaii to an American mother. Public slandering should not be tolerated here nor anywhere. Reported.

Get over yourself.

[I AM NOT THAT GUY 5,715]

Calling Obama 'the kenyan' is offensive and probably racist. He's an American, born in Hawaii to an American mother.

Prove it. Show the original birth certificate and release all his school records, and social security records. The apple didn't fall too far from the tree.

[Mr. Big Dog 10,747]

The kenyan needs only four more years to straighten everything out. Many great problems are solved on a golf course.

Prove it. Show the original birth certificate and release all his school records, and social security records. The apple didn't fall too far from the tree.

Look, two birthers.

[rocks 494]

Look, two birthers.

Where is Mitt's birth certificate? I heard he was Mexican.