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?

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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