posted on Dec, 23 2012 @ 12:54 AM
Originally posted by wantsome
Gonna restart negotiations the 26th. It's only gives them 6 days to hammer a deal out. It's looking very unlikely given how
divided the Republicans are. The Democrats put entitlements on the table including cuts to medicare social security food stamps and other programs.
Some Republicans just won't except any taxes on the rich what so ever.
Originally posted by surrealist
So when are they going to resume negotiations? I thought most politicians would break until the New Year with maybe the exception of Xmas eve? So
there's still going to be a few days just prior to the new year when they will come to a complete compromise to save the world at the last minute yet
They'll wait until after the first of the year to get a deal. When it hits the fan they'll stick it to us and say we had no choice.
edit on 21-12-2012 by wantsome because: (no reason given)
I know the answer is "because they can", or the infamous rhetorical, "why does a dog lick his...", but, how can they possibly Gk about cutting ss
& Medicare?! Those don't come from general fund taxes? That's OUR money, they're simply giving it back to us at a really, really, really low rate
of return in exchange for it acting as disability insurance as well. I think if they want to cut SS 10%, then they had best cut SS inputs by at least
Neither SS or Medicare are handouts from tax money. You pay in to the fund or you don't get anything. If the fund was never raided, it would be
over-stuffed. 13% of a person's gross income goes into it for 45 years to pay out for an average of, what, 10-15 years before death? With a
population and economy that has grown like mad since its inception? They try to fool us with "the baby boomers are retiring!" well guess what, the
current generation is a lot bigger than the boomers. Or do they think we actually believe the population has been shrinking?
Anyhow, regarding the market - yes, the preoopen was bad, but the fact that it leveled off almost immediately after the open means the big players
aren't banking on any serious problems. In fact, all signs in institutional trading point to a strengthening recovery, a continued trend of the
strengthening dollar, and a strong market in the year ahead. Seeing as that's the opposite of what "Joe Public" believes, that's what I'm
assuming myself is correct (as it usually is.) don't follow what millions of poor people think about the market - follow what the 9-digit + wealth