In the waning hours of 2012, congressional Republicans and President Obama are still apparently trying to hammer out some agreement to avoid massive tax increases and spending cuts across the board coming January 1, 2013 if they fail to act.

Report from Fox News:

President Obama and congressional leaders were preparing to make a last-ditch try for a deal — or at least a plan — to avert the imminent fiscal crisis, with a high-stakes meeting scheduled at the White House for Friday afternoon just days before the deadline for action.

The meeting with Obama and the top four leaders on the Hill is their first since Nov. 16. The president has been pressing all sides to come together on a scaled-down package that can at least shield most Americans from a tax hike beginning next week.

But hope was fading for any agreement or legislation before Jan. 1, as accusations began to fly about who was to blame for a looming $500 billion tax increase.

Senate Democratic Leader Harry Reid said on the floor Thursday that “it looks like” the nation is going to miss the deadline.

I’m skeptical at this point that anything positive will come from this. I’d bet that a “deal” would more likely be reach next year.

26 COMMENTS

  1. The so-called ‘fiscal cliff’ was created by the same self-serving nincompoops we’ve been sending to Washington, D.C. forever.
    Why anyone would seriously expect this bunch of incompetents to creatively, intelligently resolve the nation’s fiscal problems is beyond me.
    My only hope is that voters will wake up and elect only qualified, competent candidates who’ve proven themselves in their fields of endeavor . . . whatever those fields may be.
    As George Carlin said, “We get the government we deserve.”

    • Tom Neal

      I wouldn’t label these Democrat and Republican politicians as simple incompetents. I call them power-hungry ideological Psychopaths! These people rightfully call one another “friends and colleagues”, because they are both exactly the same and govern the same exact way.

      They both raise the debt by spending us into oblivion. They both want more “revenue” (taxes) to keep their sick game going. The Democrats and the Republicans have ruined this country!

      They are nothing but calculating evil sons-of-bitches. They are the most unscrupulous bunch of liars the human race has ever produced. They join the ranks of bankers and attorneys as the scum-of-the-earth.

      A Letter to Democrats and Republicans

      http://www.youtube.com/watch?v=ukqTv-9nMWk

  2. I originally thought they’d announce that they are “very close” to agreement, so they’d postpone the effect of the cliff to February, to “work out the details.”

    I now think they will let the cuts and increases go into effect, to see whom the public blames. The “losing” side in public opinion will then come to the table, and make the effect retroactive.

  3. Fox forgot to report that Harry Reid also said “”I can’t imagine their consciences – they’re out wherever they are around the country and we’re here trying to get something done.” Naughty John Boehner is busy playing his high stakes game of winning his leadership post again and desperately trying to protect the richest Americans (90% of the country’s wealth is held by the 2%)and this at the expense of the middle class. Republican leaders notified their rank-and-file members that the House would be in session at 6:30 p.m. on Sunday, and remain so for the remainder of the year. The rest of the year would have a little under 30 hours remaining. This bleak atmosphere and the unnecessary standoff of both parties will be the political downfall for many in the coming elections.

  4. In cases like this in our country,I’m always brought back to “Its a wonderful life”episode wherein James Stewart asks the one lady at the “bank run” how much she needs to get by and winds up only taking a portion of her holdings for the day and ultimately helps save the run on the savings and loan. We as a nation have got to help ourselves and not look at what the other guy is getting.There will always be enough blame around to point fingers at but each individual has got to find the values that would make us great nation again and lead, first by ourselves, and then lead someone else to safety. That’s what leadership is all about.Now in today’s world that is probably very difficult to find when each side has to spend a billion dollars to make their point.We need to build each other up,be harsh to those who would harm us and not question ourselves when we know its the right thing to do.

    • Chris

      I suppose an attempt at being pragmatic by comparing today’s geopolitical factors to a scene from “It’s a Wonderful Life” is the nostalgic thing to do during this holiday season, however, from your final statement “be harsh to those who would harm us” – tells me you might not understand “who” they really are. It’s important to identify and recognize who they are that wish to do us harm.

      Hollywood is notorious for making films for propaganda purposes. “It’s a Wonderful Life” was no different. The movie essentially glossed over, and then “excused” the evil, which has brought us to where we are today – “financially” beyond the point of no return or bankruptcy.

      I agree with you that we must come together as a people (and a nation), build one another up and to not second guess ourselves for righteousness sake – but the “cancer(s)” of the Central Banking System, Fractional Reserve Banking and the rampant corruption in Government MUST be “rooted out” for we-the-people to have a fighting chance.

      “The first step to solving any problem is realizing that there is one”.

      But the sad truth is that Americans are so “dumbed-down” and proliferated by all the nonsense viewed by them everyday on the TV and the computer, that they’ll fall for anything the “corporate” media tells them. The schools won’t teach any truth. Why? Because what the Government “pays for” – it gets!

      Start here – History!

      http://www.youtube.com/watch?v=_dmPchuXIXQ

  5. The Federal Reserve’s (Central Banking System, The Feds)authority is derived from statutes enacted by the U.S. Congress and the System is subject to congressional oversight and review. The members of the Board of Governors, including its chairman and vice-chairman, are confirmed by the Senate. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury. In 2011 transfered $77 billion in profits to the U.S. Treasury Department. As we all know, these monetary policy makers have, at times, failed to fully recognize the state of our economy. So, if you want to remove the “cancer” you must start with the responsible source…your congress person(s)who allows their policies to stand.

    What is taught, certainly what books are used to teach from, is determined by each state’s education department. Teachers are state hires so you have 51 state sources to deal with in correcting the “dumbing down”. If all parents put many of their social activities on slow mode and spent that time teaching their children what they really want them to know…wouldn’t it be a wonderful life?

  6. Tess

    You make it sound like it’s a “good thing” that the FED transferred money (profits) to the Treasury. Have you ever heard of inflation or inflating the currency? How about creating money out of debt? Is Debt a “good thing”? (especially $16 TRILLION and counting?)

    Gee. I wonder how much “profit” the Fed will transfer NOW into the Treasury as they continually infuse $40 BILLION a MONTH into the economy so our “Out-of-Control” Government can pay it’s bills??? (And this will now go on into infinity) Of course all this pretty easy when you have the “ability” to create money (counterfeit) out-of-thin-air. Boy. I wish I could do that, but I’d get arrested.

    http://www.youtube.com/watch?v=od-nxSL7Yl4

    You really have to read-between-the-lines when you quote CNN money, the WSJ and MSNBC. Opps. You really can’t read between the lines because these “so-called” financial journalists are manipulated by the “money junkies”.

    “The Atlantic” got it somewhat right in this article, but they left out the part of where the American people are “screwed”!

    http://www.theatlantic.com/business/archive/2011/03/should-we-celebrate-the-feds-record-82-billion-profit/72922/#

      • DT commented on Lawmakers still pretending to work out fiscal cliff deal.

        in response to DT: I assume you wrote the statement below:

        “Tess You make it sound like it’s a “good thing” that the FED transferred money (profits) to the Treasury. Have you ever heard of inflation or inflating the currency? How about creating money out of debt? Is Debt a “good thing”? (especially $16 TRILLION and counting?) Gee. I wonder how much “profit” the Fed will […]

        Taxes, Taxes and MORE Taxes! Even though the Truth is out there, people (the uninformed voter) chooses ignore it. It’s over!”
        ************************
        I am an informed voter. The Federal Reserve didnot create our $15(16) million dollar debt, that was accomplished by George W Bush and Company. When Bush assumed the presidency(2000)the United States of America was Not in debt, in fact, there was a budget surplus. Your last sentence was so feckless that I must ask what Truth are you referring to. As for taxes, I assume you are aware of the present tax gridlock going on in Washington. 2% of the American People possess 90% of all the wealth and John Boehner is willing to let America go over the cliff to protect this select group from paying an equal share of taxes. The present administration is currently trying to revamp the tax code so all are taxed on an equal basis. I hope you have called or wrote your senators and representatives. I trust you voted.`

        • Tess Trueheart — I doubt your cowboy grandfather thought you these to be values (which you espouse):

          The more successful you are, the more you are to be punished (make more money, be penalized by higher taxation).

          The greater failure you are, the more you are to be rewarded (be a do-nothing and get paid in welfare benefits).

          Tess, Tess, Tess…where did your grandfather’s sound teachings go wrong…?

        • Tess Trueheart — I doubt your cowboy grandfather thought you these to be values (which you espouse):

          The more successful you are, the more you are to be punished (make more money, be penalized by higher taxation).

          The greater failure you are, the more you are to be rewarded (be a do-nothing and get paid in welfare benefits).

          Tess, Tess, Tess…where did your grandfather’s sound teachings go wrong…?

          • Surfisher..one of his sound teachings was never debate one with an inconscient or clueless mind…or as he put it “don’t argue with a stone wall”.

        • Once again I’m reminded about”Its a beartiful life”.Don’t you guys get it. We can sit here all day long and point fingers at each other and their respective parties and it won’t change a thing.I was raised with if you can’t afford,you can’t buy it… I wish I was rich but I’m not. What I have, I worked for and am against anyone trying to “take it away in taxes”.You want to tax the 2%, go ahead;that money will on run the government for about 8 days….. The “poor” have to find the inner “stuff” to ger off their asses and take anything and find the pride of owning something that they worked for. If they can’t do that then they should give up the right and take what is given to them and become the “slaves” of this century.Once someone stops becoming a respected part of society they loose the right to govern themselves. And I’m not talking about the truly needy.I’m talking about every individual who has looked into other people mirrors and senses that what “they” do isn’t as bad as they do and as such justifys their taking of what is “owed to them”.It wasn’t there when I was a child some sixty years ago.My father told me that hard work would eventually pay off and in many ways it did but it is worse now and only seperating us as a nation.We’ve become a nation of IGM…FU’s; I got mine,F.U.

          • Chris

            Under normal circumstances, I would agree with you. However, the job “playing field” has been altered and descimated by the CORRUPT Politicians in Washington, the Banksters on Wall Street and the Greedy Corporations on-the-take.

            Bill Clinton, probably the WORST President we ever had concerning the Free Markets and the US Economy, signed NAFTA which shipped the majority of our manufacturing jobs overseas. After that, we had the Banksters on Wall Street “write legislation” to repeal Glass-Steagel and replace it with Gramm-Leach-Bliley which inevitably created the Housing Bubble which burst and destroyed the Housing Sector. Mind you, this all was done under the Clinton Administration with Republican support and backing.

            The Banksters then started offering CREDIT to anyone who has a pulse. Credit Cards, loans for homes and cars and the like. They did this to “create money” – for ALL money is created out of DEBT.

            The Greedy Corporations got into the act by receiving Taxpayer monies and Tax subsidies in order to “create jobs” – but it was really just to line-their-pockets and show an “artifical” bottom line so it will look better for investors.

            The whole game is rigged! Capitalism is dead and it’s been replaced by Fascism. (the merger of State and Corporate powers) Jobs are now harder and harder to find – especially the good paying ones. The sad truth that no one talks about is that the economy can NEVER recover. It’s all a lie! There is too much Debt which can NEVER be paid back. It’s mathematically IMPOSSIBLE! We will continue to decline and then they will take us to war! The war to end all wars – and billions will die.

            I believe there is a special place in Hell for these corrupt greedy bastards who destroy people’s lives for the sake of their own selfish gain.

            • OK then, what are we to do about all of this….I agree with much about what you say but its been “done” way above my pay grade that I couldn’t do anything about it even if I wanted to… But what we as individuals do is something else. I realize that the numbers are stacked against us because we as a collective group are such a disorganized lot that no one can really count on any group to pull us out of the mire that “they” can then control our lives as you would say.Listen, it wasn’t the banks, politicians or greedy individuals who got us in this mess; it was the human race that got us to where we are today; some of us just helped us get there a little faster… And its not that I have any crystal ball to find our way out of this mess because so many people want to drink the juice that is being offered by both sides; that’s how they will will be able to still control us.The right way is probably the hardest and so few of us have the stomach for it and its hard to follow when there is so much distrust in our government.Maybe you can come up with an answer because all we have is a bunch of people wanting to continue the finger pointing at each other.

            • Chris

              There isn’t much you can do besides spit in the face of any politician who says there is a way out. They’re lying! They lied when they brought up the “Balanced Budget”. People just love to hear those words, but how can a budget balance when we are $16 TRILLION in Debt and we continue to borrow more and more?

              As for you and your family – PREPARE! Buy food you can store, supplies and things to protect you and your family. Transfer as much of the Monopoly Money (Federal Reserve Notes) as you deem necessary into “real” and tangable things. As the FED prints more Monopoly Money, prices will keep going up and up. Buy precious metals if you can afford it. And be prepared to help your neighbors. Get back to the basics.

              Listen. There is no “Political Will” to do the “Right Thing”, so forget about it. It’s over. Republicans and Democrats are exactly the same, so your vote is absolutely meaningless. The can has been kicked down the road and the “so-called” fiscal cliff just got higher. That means when we finally hit the bottom, will there be anything recognizable?

              Remember this. When all else fails, they’ll take us to war. And as we continue to climb up the vertical plain of unsustainable Debt – time gets shorter.

              http://www.peakprosperity.com/crashcourse

      • DT — well done!

        P.S. You should change your handle to DDT — since your posts destroy the perfidy and idiocy spread by the media and their chime-ons here and elsewhere!

  7. LOL. A silly little partisan you are, Tess. Do you really believe there is a difference between Dems and Reps on issues that really matter? If you do, your in for a huge let-down. LOL

  8. Tess, I cringe when you and other Libtards distort the facts and twist them to fit you own myopic narrative.

    First of all your math is way off since our CURRENT debt is 16.4 TRILLION dollars (you only missed it by 1.4 thousand million) and our current Spender-in-Chief has increased the problem by 8 Trillion (since his coronation) and he has proposed budgets that have trillion dollar ANNUAL deficits (as far as the eye can see)!

    Nevermind that our REAL DEBT is 50 Trillion when you include the “UN-FUNDED Liabilities” such as medicare, medicaid, social security and all of the other government obligations. It probably doesn’t keep you up at night knowing that our Gross Domestic Product is only 27%, since the other 73% is in hock to creditors, of which 48% is held by foreign investors, the largest of which are China and Japan (at just over $1.1 trillion each).

    Our country is on the verge of imploding and being reduced to a third world country, if America doesn’t wake up and realize an age old saying: The Borrorer is a SLAVE to the Lender. America looses her FREEDOMS and standing in the world unless she gets her financial house back in order quickly. Global elitists want a one world system and have puppets in place to bring about their evil plans.

    Hitler changed the world during his twelve year reign. Millions of innocent people were slaughtered and countless human atrocities occured, while German’s “enlightened” shrugged and smiled until his policies effected them, but it was too late. Remember the words of Protestant pastor Martin Niemöller (1892-1984):

    “First they came for the Socialists, and I did not speak out–
    Because I was not a Socialist.

    Then they came for the Trade Unionists, and I did not speak out–
    Because I was not a Trade Unionist.

    Then they came for the Jews, and I did not speak out–
    Because I was not a Jew.

    Then they came for me–and there was no one left to speak for me.”

    • Very well put, Daisy. If I may add – There is no way to economically save the country. It’s over. The next step that our psychopathic leaders will take is more war.

      It’s sad that the media informs people with nonsense and partisan drama to keep Americans bickering amongst themselves. This “Fiscal Cliff” vote just proves that the Democrats and the Republicans are exactly the same.

      People need to inform themselves. Chris Martenson has a great video series titled “The Crash Course”. Totally non-political and a real eye-opener.

      • DT — agree with all else, but this.

        The next Big War won’t be a foreign adventure, but the US Government warring on its own Citizens, the American People.

        Mark my words!

    • Daisy — well put!

      Nothing will change while the sheeple can still stuff themselves galore with Bic Macs and Fried Chicken….

      But the moment the sheeple no longer can, will be the instant all hell breaks loose… and sadly, the Criminals in DC — the non-producing leeches called Politicians — are blindly (or purposefully) working to this End!

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