The fiscal cliff has already passed

[Missed AB]

It takes about 3 weeks for the IRS do distribute the new tax code, process it then for the employers to act on the notification. IT IS IMPORTANT FOR YOU TO BUDGET CORRECTLY! Regardless of the passing or avoidance of the fiscal cliff. From this point forward the fiscal cliff WILL reduce your take home salary.

I am amazed that there is still a 40% possibility this gets resolved this year before the fiscal cliff plunge (a month ago it was an 80% probability it would be resolved in 2012...).

A '40% Chance' of Cliff Deal: Erskine Bowles - Yahoo! Finance

There's a 40 percent chance of a 'fiscal cliff' deal before year end," Bowles, told CNBC on "Squawk Box" on Monday. "The chances of getting it done are better and that's what's key."
But he still thinks there's a 35 percent chance of going over the cliff, which would trigger $600 billion in spending cuts and tax increases. He said there's a 25 percent chance of a deal being hashed out just after the new year.

Another interesting point if you add the odds from a very informed member of this process... 25% it is done right after the new year, 40% it is done before the new year = 35% chance this drags on deep into 2013. In other words, if it is not done this year, there is a better chance this is not getting resolved quickly.

 

[ttwtt78640]

It takes about 3 weeks for the IRS do distribute the new tax code, process it then for the employers to act on the notification. IT IS IMPORTANT FOR YOU TO BUDGET CORRECTLY! Regardless of the passing or avoidance of the fiscal cliff. From this point forward the fiscal cliff WILL reduce your take home salary.

I am amazed that there is still a 40% possibility this gets resolved this year before the fiscal cliff plunge (a month ago it was an 80% probability it would be resolved in 2012...).

A '40% Chance' of Cliff Deal: Erskine Bowles - Yahoo! Finance


Another interesting point if you add the odds from a very informed member of this process... 25% it is done right after the new year, 40% it is done before the new year = 35% chance this drags on deep into 2013. In other words, if it is not done this year, there is a better chance this is not getting resolved quickly.

The "fiscal cliff", tax increases and spending cuts is what congress (and Obama) say that they want, yet they obviously do not really want that, they all would prefer to continue to borrow and spend - that is what got them into (or kept them in) office. USA, USA, USA...

 

[Missed AB]

The "fiscal cliff", tax increases and spending cuts is what congress (and Obama) say that they want, yet they obviously do not really want that, they all would prefer to continue to borrow and spend - that is what got them into (or kept them in) office. USA, USA, USA...

The irony is the purpose of the fiscal cliff was to scare the people in washington into acting to avert the fiscal cliff. The cliff was designed to CAUSE a recession, and sane people would seek to avert it!

And Big Ben is out of ammo.

Both sides are playing games and posturing. It's pathetic. One side argues you can't hold this up because of 2% of the population, while the the same side is holding it up because of 2% of the population. Pathetic and lack of logic...

A couple quotes I like...

Feeling good about government is like looking on the bright side of any catastrophe. When you quit looking on the bright side, the catastrophe is still there.

Giving money and power to government is like giving whiskey and car keys to teenage boys.

You can't get rid of poverty by giving people money.

 

[Missed AB]

This is why the fiscal cliff will not be resolved any time soon... When democrats block a vote on the presidents own plan, there is no reason to be optimistic.

Democrats block quick vote on Obama 'fiscal cliff' plan - Washington Times

Also christmas, and a new congress gets to start this process all over again... Oh and the debt ceiling is coming up...

Protect your assets, this could be ugly

 

[head of joaquin]

.

You can't get rid of poverty by giving people money.

It worked to keep Paris Hilton off the streets.

 

[Henrin]

It worked to keep Paris Hilton off the streets.

Of course Paris Hilton has done plenty of work to create her own money making opportunities.