Open Thread: What Do You Think of the Fiscal Cliff Deal?

Readers are asked to share their solutions to problems facing our communities.

Despite actually passing the so-called fiscal cliff deadline, the Senate and House of Representatives passed a bill that President Barack Obama signed, preventing the country from actually going over the cliff, for now.

The fiscal cliff essentially would have resulted in tax rates on all income levels reverting to where they were under President Bill Clinton along with cuts to the federal government’s discretionary spending. Spending on entitlements such as Medicare, Medicaid and Social Security would not have been touched.

Some economist and politicians argued that the double whammy of increased taxes and reduced government spending could have crippled the economy’s fragile recovery from the 2008 recession.

According to the New York Times, the deal allows for a tax increase on wealthy Americans, extends jobless benefits and keeps an alternative-energy tax credit.

The deal may have just kicked the can down the road, leading to another showdown between Obama and his Democratic allies in the Senate and Republicans in the House of Representatives.

According to Time Magazine’s Swampland blog: "The automatic cuts to military and domestic programs that the cliff deal averted, known as ‘sequestration,’ now come due at the end of February. Around the same time, the Treasury Department will deplete the stock of accounting gimmicks it can use to stretch the $16.4 trillion debt limit, which the U.S. reached once again on New Year’s Eve. So the pact postpones the pain for a mere two months. A month after that, the U.S. will run out of money to fund the government."

What do you think of the fiscal cliff deal? What should the federal government do to address this situation once and for all?

bill gischel January 04, 2013 at 11:09 AM
sucks,we need a whole new fresh goverment and president put in place.
Seal Team 2 January 04, 2013 at 01:43 PM
Civil war to remove congress and restructure them and how they work, The two party system is a Joke, and until campaign finance is reformed so the Koch brothers cant by elections we might have a chance, We have a society of I want it now spoiled brats that vote for politicians with no real intellectual decision making about their options and what those options will get them. Congress reminds of the play ground in 3nd grade. I personally think the POTUS should have driven us off the cliff. What we got from congress is a can kick down the road. As someone said yesterday when Congress has an election every two years they are always campaigning. They don’t want to make the right choice because it’s unpopular but it’s what the country needs. And all they want is to win the next election. Government needs an Enema and so does the society that votes for it. At least the 113th congress looks more like America and the Rich Old White Man’s club is fading. There may be hope after all. And just for the record, I am X military, educated Small business owner and 2nd amendment supporter. And I support the POTUS 100%
Sanchez January 04, 2013 at 06:30 PM
The Democrats fought against the Bush tax cuts in 2001 and again in 2003 and again when Obama signed the continuation of them. The Democrats have blamed the Bush tax cuts for the failing economy. Earlier this week the Democrats voted to make PERMANENT 99% of all those Bush tax cuts they fought so hard against and blamed the economy on. So effectively, they voted to continue permanently what they called the destructive Bush tax cuts. Or they were lying for political point all these years. The Bush tax cuts brought record tax revenue in to the government coffers in 2007. Tax receipts increased every year since 2003. http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200 As soon as the Democrats took the House in 2008, where spending is initiated, the tax receipts started downward and the spending skyrocketed. Thus the situation we find ourselves in. And remember that the record tax receipts were after the economic issues we faced form Sept 11 2001 and the Afghanistan war. Receipts STILL increased. The Bush tax cuts HELPED the economy not hurt it. the proof is in the receipts. The problem was in the spending which Bush went along with in his last 2 years.
Sanchez January 04, 2013 at 06:33 PM
"Civil war" is far form necessary. The Declaration of Independence gives "the people" the right to ABOLISH the form of government, "we the people" set up. WE set it up, WE can take it down. How to best do that is in questions. " That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
Sanchez January 04, 2013 at 06:35 PM
I do indeed believe our government has become destructive to the American people. Here is the same line form Maryland's Constitution. "DECLARATION OF RIGHTS. Article 1. That all Government of right originates from the People, is founded in compact only, and instituted solely for the good of the whole; and they have, at all times, the inalienable right to alter, reform or abolish their Form of Government in such manner as they may deem expedient. " Most states have similar wording their state constitutions.
Sanchez January 04, 2013 at 06:38 PM
The Democrats making permanent 99% of the Bush tax cuts is an admission that tax cuts work. That is HUGE!
Sanchez January 04, 2013 at 08:13 PM
"so the Koch brothers cant by elections we might have a chance," George Soros is no problem to you? He spends as much for electing his people as the bros do! Or Hollywierd who sends far more money into politics than the your boogymen the Koch Bros?
Kelly Blue January 04, 2013 at 09:46 PM
All should go and the good with the bad
reader January 05, 2013 at 02:47 AM
The problem with rising up against this or any government is that they would simply shoot you down like they do in other banana republics. They will do what is necessary to maintain power. They are not their for you and I but for themselves and those who contribute to keep them in office. The system is rigged, once they get into office few are seldom turned out. Prime example is Ben Cardin, he has sucked from the public trough for his entire existence, other than his mouth, he has never run anything but he is constantly telling us what we should do. He never answers a question directly but goes to the "talking points" he has memorized, ad nauseum. The simple definition for a politician is a liar, whore, coward and panderer. Truly a fairly worthless bunch and that includes your particular representative.
Shawn January 09, 2013 at 10:32 PM
Fiscal Cliff? More Smoke & Mirrors that will lead to even greater devaluing of the US$ and thus greater and more intense continued fleecing of the American people. The once greatest nation on earth because of it's Freedoms and Liberties has been compromised and no one seems to care. Sadly the USA that our fore fathers fought and shed their blood for no longer exists.
Shawn January 09, 2013 at 10:38 PM
What two party system? Both the republicans and democrats are communist, yet the sheeple sleep on. Without the sheeple awaking the once greatest nation on earth is doomed. Sadly we may have already passed the point of no return.


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