Quote:
Originally Posted by spence
Jobs in general will likely tick up after the election regardless of who's elected.
-spence
|
stupidest thing you've said on this site.
The country, regardless of the election is holding its breath with the pending "fiscal cliff". Is my estate taxed at 55% or ZERO? Are my taxes going up? Do I need to make less $ and get lower taxes?
What government programs are being cut, whats that mean? We have MANDATED changes happening in just a little over a month!
This is not BS, its reality. Who the hell is goign to hire in this environment?
get a clue spence. this is not science fiction,,,,
The potential, Fiscal Cliff fear factor will increase as the US gets closer to the year end. Will lawmakers rise to the challenge, or will they put things off again? As of last week, the US Treasury was $235 billion below the $16.4 trillion statutory ceiling on the amount it can borrow. That gives the Us Government enough funds to pay its bills, including interest on its debt and retirement health benefits, until the end of the year, the Treasury said, reiterating a forecast it made in August. If Congress fails to raise the debt limit, analysts expect the Treasury will run out of options to avoid a default sometime in the latter half of February.
However, the forecast could change dramatically depending on how the administration and Congress deal with the massive tax increases and spending cuts due to go into effect at year-end. After Tuesday’s Presidential and Congressional elections, the US will have less than two months to find a solution to the so-called Fiscal Cliff – the $600 billion in tax increases and budget cuts that could fuel a fresh recession. Treasury officials, briefing reporters on debt sale plans, said it was urgent that Congress act to increase the nation’s borrowing authority, reported Reuters. “As we saw last summer, it is important that the debt limit is raised in a timely manner,” said Treasury Assistant Secretary Matthew Rutherford. A political fight last summer over raising the debt ceiling pushed the United States to the brink of default and prompted Standard and Poor’s to downgrade the country’s top-tier credit rating. A congressional watchdog agency said the battle also drove up Treasury’s borrowing costs
Hybrid Mode
