CBO: Deep recession on the way if Congress fails to stop the fiscal cliff

posted at 1:21 pm on August 22, 2012 by Erika Johnsen

On Wednesday, the Congressional Budget Office issued its latest report, predicting that — unless Congress acts to thwart January’s upcoming “Taxmageddon” — our economy will suffer even further setbacks and likely land squarely back into the realms of recession. …Wait, so they’re saying that… hiking taxes doesn’t necessarily lead to more revenue and actually hinders economic growth and job creation? What the what?

In its most dire warning yet about the fiscal cliff yet, the CBO said the economy would contract by 0.5 percent in calendar year 2013 if the Bush-era tax rates expire and automatic spending cuts are implemented.

Unemployment also would rise from 8.2 percent in 2012 to 9.1 percent next year, it estimates.

The contraction would be very severe in the first half of 2013. CBO sees the economy contracting by 2.9 percent in the first half– deeper than the 1.3 percent negative growth it had seen previously from the fiscal cliff.

The gloomy picture of rising debt and weak economic growth marks CBO’s final major report before the November election. The report is a sharp contrast with the 1.1 percent in growth the CBO projected in January for 2013 and 0.5 percent growth it projected in May.

So tell me something I don’t already know, why don’t you. Oh, and then there’s this lovely little nugget to really cap things off:

Congress’ nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government’s shortfall will exceed $1 trillion.

If we keep up with our current spending habits, we are well on our way to a Greek-style debt crisis — no if’s, and’s, or but’s about it. I can’t imagine that this is going to do much to help President Obama’s favorite campaign-trail talking point about hiking taxes on America’s wealthiest earners, but then again, you know they’re going to find ways to twist it into more “Republican, obstructionist, hostage-taking Congress!” nonsense — if they bother to talk about it at all, that is. As Jenn Rubin writes:

The Obama team seems convinced that it can win the election on smears and tactics. (Tie Akin to Romney! Holler ‘Bain’!) It is either in denial or oblivious to the fact that actual events — and real things like the economy — may motivate voters. And it seems never to have dawned on the team that it needs concrete policies (e.g., Social Security and Medicare reform) of its own.

It is not even as if the negative attacks are working. The Post reports: “A new Washington Post-ABC News poll shows 41 percent of Americans view the new GOP vice presidential nominee favorably, while 37 percent rate him unfavorably — slightly improved from last week’s polling. … The Obama camp no doubt believes (More cowbell!) it hasn’t run enough attack ads. But maybe, just maybe, the poll numbers reflect voters’ own assessment that Paul Ryan is congenial and talking earnestly about actual policies (e.g., energy, Medicare).

The gap between, on one hand, what is happening in the real world and what voters care about and, on the other, what the Obama camp and much of the media push is as vast as it has even been. In an idealized (or even responsible) journalistic environment, we’d be focused on possible war with Iran (a very real possibility) and the looming recession.


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I’m not worried it’s not like we have a president that’s a total f–koff who lives on the golf course or something, oh wait.

gsherin on August 22, 2012 at 1:23 PM

The Sun is hot.

- CBO

OhEssYouCowboys on August 22, 2012 at 1:24 PM

Well, now that Romney is running a pro-entitlement spending campaign and also wants to increase defense spending, looks like we are going over that cliff no matter who wins in November.

AngusMc on August 22, 2012 at 1:24 PM

Wait, so they’re saying that… hiking taxes doesn’t necessarily lead to more revenue and actually hinders economic growth and job creation? What the what?

That can be said over and over till the cows come home. But Dems and other liberals will never believe it and act accordingly.

Liam on August 22, 2012 at 1:24 PM

Don’t worry – Obama’s got it under control.

The Count on August 22, 2012 at 1:25 PM

With dingy ding dong harry still in the sentate, NOTHING will get done till after election, if even ever? All the d’s have, slam the R’s for not caving to the d’s demands to raise taxes!

This whole thing makes me so sick it is hard to say how much!
L

letget on August 22, 2012 at 1:25 PM

Were in a permanent recession with Bari in charge………..

angrymike on August 22, 2012 at 1:26 PM

So tell me something I don’t already know, why don’t you.

This.

Yakko77 on August 22, 2012 at 1:26 PM

Be a shame for reality to intrude into Bammie’s little fantasy world, wouldn’t it?

AZfederalist on August 22, 2012 at 1:26 PM

Taxing the rich even more should take care of it.

a capella on August 22, 2012 at 1:27 PM

Look, y’all, part of being a community organizer is mastery of economics. Possibly, as much as 24, or more, credit hours. Maybe, even an MBA. It’s in his college transcripts. Damn!

OhEssYouCowboys on August 22, 2012 at 1:27 PM

All is well

cmsinaz on August 22, 2012 at 1:27 PM

He added that under current law, there will be 2 million fewer jobs if the fiscal cliff is allowed to take place, and said most of the contraction is due to the tax increases.

Rub some lotion on that, bayam

Chuck Schick on August 22, 2012 at 1:28 PM

Wait, so they’re saying that

Pay a little better attention Ericka… They are manipulating you in an attempt to suggest that we are not currently in the middle of a recession. They are warning that a full on depression is coming and suggesting that it can be thrown at Mitt if he is elected as being Romney’s fault.

SWalker on August 22, 2012 at 1:29 PM

It’s OK, we’ll just print more money.

Yakko77 on August 22, 2012 at 1:29 PM

Lets emphasize that it’s the SENATE half of congress, particularly the democrats who REFUSE to pass a budget for the last 3 years that are the problem.

Put the blame where it belongs and start listening to people with a plan, not the stupid liberal progressive socialists that want to bury this country. The democrats and ocommie need to be tarred, feathered, and put on a small boat in the middle of the pacific with a bag of jerky and a quart of water to see how their budget skills keep them alive. Since you can’t eat what you don’t have after scarfing the bag in the first day, they’d be dead in a week and the problem would be solved.

Wolfmoon on August 22, 2012 at 1:30 PM

How do you stop a cliff? Just askin.

Bat Chain Puller on August 22, 2012 at 1:31 PM

The private sector is fine, no worries. The CBO will be abolished after this report.

Philly on August 22, 2012 at 1:32 PM

Democrats have had majority power on the Hill since 2006….
……..they own this catastrophe…

Baxter Greene on August 22, 2012 at 1:32 PM

All this will take is a little leadership.

Unfortunately, we have a President and a Senate Majority leader who have no leadership abilities, whatsoever.

I’m sure the Democrats know that the more people desperate and destitute for handouts, the more potential voters for them.

NoDonkey on August 22, 2012 at 1:33 PM

It would all be resolved if Mitt released his tax returns…there would be less than 4% unemployment, and the trillion dollars of deficits would disappear.

right2bright on August 22, 2012 at 1:33 PM

they’d be dead in a week and the problem would be solved.

Wolfmoon on August 22, 2012 at 1:30 PM

True, but, if we put them on a deserted island and put a few wild goats and pigs on the island, and gave them some sharp sticks, we could make a reality show out of it, we could call it “Lord of the Flies Island” and make billions off the advertising sold during each episode.

SWalker on August 22, 2012 at 1:34 PM

Obama can’t talk about Medicare and Social Security reform because Obamacare is geared at gutting Medicare to pay for ‘free preventative and reproductive care’ for young, healthy, working age adults and the progressive idea to save Social Security is simply to increase the taxes despite the fact that Obamacare, in and of itself, is the single largest tax increase in history.

I hope that the GOP is smart enough not to fall for the same tired rhetoric, lies, and extortion tactics, that Obama applied the last time he offered the GOP a ‘bargain’.

thatsafactjack on August 22, 2012 at 1:35 PM

Here’s the answer:

Pelosi: Obama Should Unilaterally Eliminate The Debt Ceiling By Declaring It Unconstitutional…

http://weaselzippers.us/2012/06/22/pelosi-obama-should-unilaterally-eliminate-the-debt-ceiling-by-declaring-it-unconstitutional/

House Minority Leader Nancy Pelosi, D-Calif., thinks that President Obama should unilaterally eliminate the debt ceiling, rather than negotiate with Congress to spend more money when the United States hits the debt ceiling later this year.

…Dam# liberals are smart!!!!!

Baxter Greene on August 22, 2012 at 1:37 PM

It’s testament to the former strength of our economy that we’re not already down the rabbit hole.

I can sense that so much of our economy is on the sidelines…waiting for the leftists to get out of the way.

As I become more optimistic about an RR victory, I worry less that I didn’t build a bunker in my backyard and fill it with a couple years supplies of food, water, generator + fuel, ammo, etc.

[I still have that nagging worry.]

freedomfirst on August 22, 2012 at 1:37 PM

Looks like Obama will have to turn to his secret weapon…Joe Biden…the only man who can get us out of the horrible economic situation…stand up Joe, take a bow…God bless you…we’ll stand up for you…

right2bright on August 22, 2012 at 1:39 PM

Well, now that Romney is running a pro-entitlement spending campaign and also wants to increase defense spending, looks like we are going over that cliff no matter who wins in November.

AngusMc on August 22, 2012 at 1:24 PM

You and Pragmatic ought to get together some time. You’re both such incredible optimists.

Bitter Clinger on August 22, 2012 at 1:39 PM

…the sun shines…the moon beams…and almost half of America sleeps!

KOOLAID2 on August 22, 2012 at 1:39 PM

Taxing the rich even more should take care of it.

a capella on August 22, 2012 at 1:27 PM

Raise their taxes to 251%… that should do it, right?

Violina23 on August 22, 2012 at 1:40 PM

AngusMc on August 22, 2012 at 1:24 PM

You and Pragmatic ought to get together some time. You’re both such incredible optimists.

Bitter Clinger on August 22, 2012 at 1:39 PM

That’s because they are mobys…

SWalker on August 22, 2012 at 1:40 PM

Baxter Greene on August 22, 2012 at 1:37 PM

I thought that was an “Onion” piece…it was really the real deal, she actually stated that…good grief, have the dems gone even more crazy?

It seems so…amazing, simply amazing…

right2bright on August 22, 2012 at 1:41 PM

You and Pragmatic ought to get together some time. You’re both such incredible optimists.

Bitter Clinger on August 22, 2012 at 1:39 PM

…they’ll be going off of the cliff together…locked in a compromising position! (:->)

KOOLAID2 on August 22, 2012 at 1:41 PM

“History has proven that increasing the capital gains tax actually lowers tax revenue. Knowing this would you still raise the capital gains tax?”
Some interviewer

“Yes I would. I think it is a matter of fairness.”
Wyle B. Obama
Economic Super Genius

Obama truly believes that 1+1=POTATO because that would be fair. He doesn’t even think that the answer is a number but a root vegetable. You can’t have a reasoned debate with such a person.

jukin3 on August 22, 2012 at 1:42 PM

The tax increases are only part of the “fiscal cliff”; remember, there are also massive spending cuts (in particular, to the defense budget) that will also happen, due to the agreement worked out last Summer. Nothing will happen on this before the election, and in all likelihood they will pass some kind of “can-kick” before the end of the year to buy themselves more time. The politicians will have about a 10-month window from January to November 2013 to put in place a new plan, and then the next election cycle starts. They will probably raise taxes and cut spending anyway. Bottom line: 2013 is not going be to a good year for the economy.

But for now, the markets are approaching 4-year highs, and after we get this next selloff/correction out of the way, we may be ready for a final assault on Dow 14K … cautiously optimistic for the near term …

TouchdownBuddha on August 22, 2012 at 1:43 PM

they’d be dead in a week and the problem would be solved.

Wolfmoon on August 22, 2012 at 1:30 PM

It could be done faster if a sub used them for torpedo practice.

Liam on August 22, 2012 at 1:43 PM

Well, now that Romney is running a pro-entitlement spending campaign and also wants to increase defense spending, looks like we are going over that cliff no matter who wins in November.

AngusMc on August 22, 2012 at 1:24 PM

Gee, that’s exactly what they said about Reagan…as he rebuilt the economy after a disastrous Carter…and had to rebuild the military after a disastrous Carter…an economy that for decades thrived because it was built on sound fiscal policy…

Yeah, as if only taking scissors to the budget and spending will really help…pal, you should try to learn some economics before making yourself look and sound foolish.

right2bright on August 22, 2012 at 1:45 PM

The Private Sector is Fine.

Don’t worry, we’ll just spend our way out of it.

If only the rich would pay their “fair share”…

That about cover it??

Sayonara Soetoro.

ICanSeeNovFromMyHouse on August 22, 2012 at 1:45 PM

And the present admin declares our blocking their spending is a BAD thing !!
They can’t completely demolish our nation with the ‘party of no’ standing in their way !!

Signed,
Proud member of the party of no !!

pambi on August 22, 2012 at 1:47 PM

..”on the way” ??

Dr. Carlo Lombardi on August 22, 2012 at 1:47 PM

.”on the way” ??

Dr. Carlo Lombardi on August 22, 2012 at 1:47 PM

Yeah, no kidding. I didn’t realize it ever left.

ICanSeeNovFromMyHouse on August 22, 2012 at 1:49 PM

Obama can’t talk about Medicare and Social Security reform because Obamacare is geared at gutting Medicare to pay for ‘free preventative and reproductive care’ for young, healthy, working age adults and the progressive idea to save Social Security is simply to increase the taxes despite the fact that Obamacare, in and of itself, is the single largest tax increase in history.

thatsafactjack on August 22, 2012 at 1:35 PM

No he can’t Jackie. Why he is getting the big slap now. Ryan, doing a great job imo -of what seniors can expect and the real impact of what zero and friends did. Speaking in specific and easy understandable terms. The sun is creeping threw the curtain in the darkened room.

bazil9 on August 22, 2012 at 1:50 PM

Hey, war is peace, man. Poverty is wealth. Cold is hot. You just have a false consciousness, that’s why you believe these scare stories. The real issue right now is that Mitt Romney’s actual birth name was Akin.

J.E. Dyer on August 22, 2012 at 1:50 PM

Obama’s legacy? Fiscal cliffs.

That is what you voted for you ignorant 52%

tom daschle concerned on August 22, 2012 at 1:58 PM

Wait a minute! What’s the purpose of this article? Don’t you guys realize that a Republican in Missouri said something stupid? Let’s stay focused!/

TarheelBen on August 22, 2012 at 1:59 PM

O/T,

It seems that holder/doj is going to sue gallup. For some reason, I found this funny coming from any fed bunch, ‘we will do all that we can to act against those who illegitimately bill the American taxpayers.”

http://washingtonexaminer.com/doj-sues-gallup-polling-firm/article/2505617#.UDUW1mzCz8A
L

letget on August 22, 2012 at 2:03 PM

Yawwwwwwn. All you white people dragging us over the cliff.

94% of black voters support Obama.

http://www.washingtonpost.com/blogs/post-partisan/post/nbc-news-wsj-poll-romney-is-not-in-the-black–literally/2012/08/22/6ab57bf4-ec63-11e1-aca7-272630dfd152_blog.html

PappyD61 on August 22, 2012 at 2:05 PM

You’re worried about a depression? Where is your sense of social repsonsibility!

What about truly important things like free morning after pills, or RAPE! or free Obama (cell) phones? What about stopping the horrible encroachment of cheap energy on membership in 350.org? What about redistritution of wealth?! Bankers are evil!

Let’s not forget there are more important things than the effects of a depression. Obama says so anyway.

MTF on August 22, 2012 at 2:08 PM

I thought that was an “Onion” piece…it was really the real deal, she actually stated that…good grief, have the dems gone even more crazy?

It seems so…amazing, simply amazing…

right2bright on August 22, 2012 at 1:41 PM

I know…
….add “no budget in 4 years” and the stupid just sells itself.


Memory lane:

Obama:

“expanding the debt ceiling shows a lack of leadership.

Now he thinks not having a budget,doubling our debt to 16 trillion,running trillion dollar deficits,and having his party want to eliminate the debt ceiling is moving “Forward”…….

Only a complete idiot supports Obama.

Baxter Greene on August 22, 2012 at 2:15 PM

Beans, Band-aids, and Bullets, folks. Start stocking up now. Soros is buying up gold, getting out of the stock…hummmm…

StarLady on August 22, 2012 at 2:18 PM

As Jenn Rubin writes:

That is something I’d never, ever write; not in a million years.

besser tot als rot on August 22, 2012 at 2:20 PM

It seems that holder/doj is going to sue gallup. For some reason, I found this funny coming from any fed bunch, ‘we will do all that we can to act against those who illegitimately bill the American taxpayers.”

letget on August 22, 2012 at 2:03 PM

That is purely BS unless Gallup was really engaging in fraud by mis-charging hours. Government contractors may only bill actual hours worked to a specific contract, not estimated hours. Gallup may or may not have over-estimated the number of hours required; billing for hours not worked on the contract would be fraudulent. The only way they would have benefited would be if this were a cost plus fixed fee contract; their fee would then have been on total contract value and that would have been set in accordance with the estimate. Thus, if they over-estimated the number of hours and the contract value was set accordingly, they would then collect their full fee despite the lower number of billed hours. However, that is not necessarily fraudulent, estimating the number of hours required for some jobs is not an exact science and one does not want to run out of hours before completing a job.

AZfederalist on August 22, 2012 at 2:21 PM

Too bad this isn’t an election year…

… News like this could be devestating to an incumbent Pantload and his failed economic policies.

What’s that…?

… Some dude named Akin is talking about Legitimate Rape?

Never mind then…

Seven Percent Solution on August 22, 2012 at 2:24 PM

Yeah, so… what else is new?

The snark is strong with this one. If we don’t laugh we might cry, right?

Fallon on August 22, 2012 at 2:26 PM

SEAMUS, rrd.

Tenwheeler on August 22, 2012 at 2:31 PM

True, but, if we put them on a deserted island and put a few wild goats and pigs on the island, and gave them some sharp sticks, we could make a reality show out of it, we could call it “Lord of the Flies Island” and make billions off the advertising sold during each episode.

SWalker on August 22, 2012 at 1:34 PM

Now when you say pigs do you mean real swine or are we talking about Pelosi, Boxer, Murray, etc?

Happy Nomad on August 22, 2012 at 2:34 PM

In an idealized (or even responsible) journalistic environment,

Daily, and even constant tongue baths for selected subjects of those reports by journalists tend to interfere with “responsible” journalism.

Tenwheeler on August 22, 2012 at 2:35 PM

…Dam# liberals are smart!!!!!

Baxter Greene on August 22, 2012 at 1:37 PM

Dam# Republicans are Stupid!!!!!

Why should he not do this unconstitutionally?

Action after action after action all Unconstitutional.

The Republican party does absolutely nothing but whine. No serious investigations no calls for Impeachment and loudly speak there will be no investigation if Obama loses to Romney.

That is just Dam# stupid.

Steveangell on August 22, 2012 at 2:36 PM

If congress doesn’t act? What about the crazed deficit croney spending by the party that hates America for being successful?

Don L on August 22, 2012 at 2:39 PM

CBO: Deep recession on the way if Congress fails to stop the fiscal cliff

“Congress”? Are we waiting on Reid’s do-nothing Senate?

socalcon on August 22, 2012 at 2:41 PM

There you go again using that sinister Republic trick called “mathematics”. Shameful. Before you know it, you’ll be resorting to “logic”, “rational thought” and worse of all, “deductive reasoning”.

kurtzz3 on August 22, 2012 at 3:01 PM

No wonder Congress has a 9% approval.

They do nothing to control spending. Nothing to challenge Obama when he does act after act after act all unconstitutional. When he has all his appointees doing the same acting unconstitutionally. Meanwhile they actually vote Obama more power (including Ryan) so he can just bypass the Senate on his nominees. They also spend like crazy and vote the debt higher and higher getting only smoke in (the face) return.

Now to top it all off. The voters try send a Conservative Senator to Washington and the Party works to force him out before the people can actually vote for him in November.

They do not even deserve 9% approval.

Steveangell on August 22, 2012 at 3:01 PM

Whatever the issue is, I know deep down that spending is not the problem.

tommer74 on August 22, 2012 at 3:02 PM

Wait, so they’re saying that… hiking taxes doesn’t necessarily lead to more revenue and actually hinders economic growth and job creation?

Yeah, who knew?

As for the Idiot-in-Chief, it’s obviously time for another “Stimulus”. Just in time to fill his campaign coffers.

GarandFan on August 22, 2012 at 3:12 PM

The Republican party does absolutely nothing but whine.

Steveangell on August 22, 2012 at 2:36 PM

You’re the biggest damn whiner on this board.

Chuck Schick on August 22, 2012 at 3:13 PM

Well, now that Romney is running a pro-entitlement spending campaign and also wants to increase defense spending, looks like we are going over that cliff no matter who wins in November.

AngusMc on August 22, 2012 at 1:24 PM

It’s pretty easy to document that the Democrats are far more irresponsible in spending than the Republicans. Even so, Republicans are nearly as unlikely as Deomocrats to actually cut entitlements. End result: it just takes Republicans a few years longer to end up like Greece.

tom on August 22, 2012 at 3:29 PM

Good luck getting Dirty Harry to do anything about it as long as he leads the Senate. 1,211 days as of this posting since without a budget from the Senate.

sadatoni on August 22, 2012 at 3:31 PM

It seems that holder/doj is going to sue gallup. For some reason, I found this funny coming from any fed bunch, ‘we will do all that we can to act against those who illegitimately bill the American taxpayers.”

letget on August 22, 2012 at 2:03 PM

That is purely BS unless Gallup was really engaging in fraud by mis-charging hours. Government contractors may only bill actual hours worked to a specific contract, not estimated hours. Gallup may or may not have over-estimated the number of hours required; billing for hours not worked on the contract would be fraudulent. The only way they would have benefited would be if this were a cost plus fixed fee contract; their fee would then have been on total contract value and that would have been set in accordance with the estimate. Thus, if they over-estimated the number of hours and the contract value was set accordingly, they would then collect their full fee despite the lower number of billed hours. However, that is not necessarily fraudulent, estimating the number of hours required for some jobs is not an exact science and one does not want to run out of hours before completing a job.

AZfederalist on August 22, 2012 at 2:21 PM

Suing a polling company just before an election? Doesn’t this have the appearance of impropriety in trying to influence a polling company when you really, really want good polls?

As in, “You know, this all goes away if you can play ball.”

tom on August 22, 2012 at 3:38 PM

It seems that holder/doj is going to sue gallup. For some reason, I found this funny coming from any fed bunch, ‘we will do all that we can to act against those who illegitimately bill the American taxpayers.”

letget on August 22, 2012 at 2:03 PM

That is purely BS unless Gallup was really engaging in fraud by mis-charging hours. Government contractors may only bill actual hours worked to a specific contract, not estimated hours. Gallup may or may not have over-estimated the number of hours required; billing for hours not worked on the contract would be fraudulent. The only way they would have benefited would be if this were a cost plus fixed fee contract; their fee would then have been on total contract value and that would have been set in accordance with the estimate. Thus, if they over-estimated the number of hours and the contract value was set accordingly, they would then collect their full fee despite the lower number of billed hours. However, that is not necessarily fraudulent, estimating the number of hours required for some jobs is not an exact science and one does not want to run out of hours before completing a job.

AZfederalist on August 22, 2012 at 2:21 PM

Suing a polling company just before an election? Doesn’t this have the appearance of impropriety in trying to influence a polling company when you really, really want good polls?

As in, “You know, this all goes away if you can play ball.”

tom on August 22, 2012 at 3:38 PM

Interesting. The reference article ends with:

The latest Gallup daily tracking figures show Mitt Romney leading President Obama 47-45.

Are we in tin foil hat territory yet?

tom on August 22, 2012 at 3:41 PM

You’re the biggest damn whiner on this board.

Chuck Schick on August 22, 2012 at 3:13 PM

So sorry.

Go to your mama for comfort.

Your Saul Alinsky crap will not shut me up.

You RomBots lose every argument.

Steveangell on August 22, 2012 at 3:50 PM

So sorry.

Go to your mama for comfort.

Your Saul Alinsky crap will not shut me up.

You RomBots lose every argument.

Steveangell on August 22, 2012 at 3:50 PM

Aren’t you the idiot who calls Romney a Marxist?

Chuck Schick on August 22, 2012 at 3:53 PM

Are we in tin foil hat territory yet?

tom on August 22, 2012 at 3:41 PM

Of course.

Tinfoil Hat accusations are mostly made as a Saul Alinsky tactic to shut down debate. Win the debate by silencing your opponent who has the facts on their side.

When progressives are losing arguments they almost always resort to using Saul Alinsky tactics to shut down the debate.

Steveangell on August 22, 2012 at 3:54 PM

Aren’t you the idiot who calls Romney a Marxist?

Chuck Schick on August 22, 2012 at 3:53 PM

Once again you lose an argument so resort to your favorite book by Saul Alinsky.

George Romney Mitts father when Mitt was his spokesman was friends with Saul Alinsky. George went to Paris and Mitt interperted for the North Vietnamese while we were at war with them. Then George said the North Vietnamese were a great loving people but Americans were brainwashing people.

This is every bit as strong an argument that Mitt is a communist as the ones that Obama is.

Steveangell on August 22, 2012 at 4:03 PM

And to think some wonder why I’m finally setting up a emergency kit and buying more ammo (which arrived today coincidentally). I’m getting my bug out bag prepped. I dropped a fair amount of cash on some basics the past couple days which should arrive by mail over the next few days. Water purifier (went all out for the Katadyn which was about $100 cheaper on Amazon than buying at Cabela’s BTW), MRE’s, first aid, fire starters, a few extra mags for my rifles…not because I want something bad to happen to justify the investment but because I’m scared s#!tle$$ something bad WILL happen and I want to have a chance of being OK and getting through it.

Though I have some faith that a Paul Ryan type economic plan might help but I think we’re too far gone into debt to stop a collapse from happening eventually. I hope I’m wrong and I spent a few hundred bucks on supplies for nothing but I don’t think I am wrong.

Yakko77 on August 22, 2012 at 4:12 PM

Though I have some faith that a Paul Ryan type economic plan might help but I think we’re too far gone into debt to stop a collapse from happening eventually. I hope I’m wrong and I spent a few hundred bucks on supplies for nothing but I don’t think I am wrong.

Yakko77 on August 22, 2012 at 4:12 PM

You are not wrong.

R&R will increase spending there is no doubt. They have already said they will increase funding in defense to override the cuts. They have not indicated any significant cuts any time soon. Romney loves Romney Care he will not repeal the budget busting Obama Care or if he does he will replace it with something just as expensive and almost exactly the same.

We are screwed. There is no electoral out.

Steveangell on August 22, 2012 at 5:02 PM

True, but, if we put them on a deserted island and put a few wild goats and pigs on the island, and gave them some sharp sticks, we could make a reality show out of it, we could call it “Lord of the Flies Island” and make billions off the advertising sold during each episode.

SWalker on August 22, 2012 at 1:34 PM

Unfortunately, the show would only last a week or two, or about the time for starvation to weed out the contestants. Self reliance is not a Democratic trait.

dominigan on August 22, 2012 at 5:11 PM

It’s pretty easy to document that the Democrats are far more irresponsible in spending than the Republicans. Even so, Republicans are nearly as unlikely as Deomocrats to actually cut entitlements. End result: it just takes Republicans a few years longer to end up like Greece.

tom on August 22, 2012 at 3:29 PM

However, that may give us enough time to primary the RINOs and get enough TEA Party-minded reps in there to institute positive change! Yes, I’m an optimist.

dominigan on August 22, 2012 at 5:14 PM

How interesting that the words “fiscal cliff” appear in the headline! If anyone is interested, here is what the Lord Himself had to say on Monday, 13 August:

“I am planning an immense fall for America, says the Lord, a fall that will desolate and amaze her people. I am sending America sliding over the cliff into financial ruin. America’s fall has only begun, and there are many more chapters to be written before the tale is told. I am bringing financial ruin to this nation. And when I am through, her wealth will be scattered and gone, and she will sell herself for a piece of bread.

“Walk softly before Me in these days, says the Lord. For I am forming My people into My image even as I bring down America around you, says the Lord Who has mercy on you. Amen and amen.”

This is what He said to my wife (Julie) during prayer. This is just the latest message from Him, dating back to June 1998.

Everyone is talking and acting as if a Romney win will start to “bring America back.” It’s not going to happen, and Obama has no intention of leaving office. If you want to see America’s future, read the book of Lamentations — read it slowly.

Everyone is leaving God out of the equation, and He has already determined America’s end. Please have ears to hear.

Gordy on August 22, 2012 at 5:16 PM

Unfortunately, the show would only last a week or two, or about the time for starvation to weed out the contestants. Self reliance is not a Democratic trait.

dominigan on August 22, 2012 at 5:11 PM

Survivalists or someone having something as simple as a bug out bag is probably enough to get you on a terror watch list these days. I’m half surprised they haven’t found a way to regulate and tax them beyond the sales tax spent to purchase the items within.

Yakko77 on August 22, 2012 at 5:18 PM

This is every bit as strong an argument that Mitt is a communist as the ones that Obama is.

Steveangell on August 22, 2012 at 4:03 PM

How do you figure that?

Chuck Schick on August 22, 2012 at 5:29 PM

How do you stop a cliff? Just askin.

Bat Chain Puller on August 22, 2012 at 1:31 PM

That’s easy!

Just name it Sarah Palin and the GOP will stop it dead in its tracks. Dick Cheney and Acid Ann Coulter will read the eulogy while Chris Christie weeps uncontrollably like it’s a…a Wellstone funeral?

Don L on August 22, 2012 at 5:30 PM

And to think some wonder why I’m finally setting up a emergency kit and buying more ammo (which arrived today coincidentally). I’m getting my bug out bag prepped. I dropped a fair amount of cash on some basics the past couple days which should arrive by mail over the next few days. Water purifier (went all out for the Katadyn which was about $100 cheaper on Amazon than buying at Cabela’s BTW), MRE’s, first aid, fire starters, a few extra mags for my rifles…not because I want something bad to happen to justify the investment but because I’m scared s#!tle$$ something bad WILL happen and I want to have a chance of being OK and getting through it.

Though I have some faith that a Paul Ryan type economic plan might help but I think we’re too far gone into debt to stop a collapse from happening eventually. I hope I’m wrong and I spent a few hundred bucks on supplies for nothing but I don’t think I am wrong.

Yakko77 on August 22, 2012 at 4:12 PM

Yup, but did you ever think thst if the country actually does go under your warrantees on that stuff wont be worth much, and those service calls to a foreign speaking service center wont even answer.
Forget “the last man alive” survival stuff man, that only happens in Hollywood movies after Republicans drop the bomb on someone, then…

Don L on August 22, 2012 at 5:52 PM

Now look, I have it on good authority that the private sector is doing just fine.

Who you gonna believe…some crazy economist or the guy on the golf course?

Solaratov on August 22, 2012 at 5:56 PM

Yakko77 on August 22, 2012 at 4:12 PM

Do not depend on MREs as your main storage/emergency food supply. Spend a bit more and get some freeze-dried foods (Mountain House and Wise are good). A steady diet of MREs – even the civilian type – will mess up your innards.

Solaratov on August 22, 2012 at 6:18 PM

Forget “the last man alive” survival stuff man, that only happens in Hollywood movies after Republicans drop the bomb on someone, then…

Don L on August 22, 2012 at 5:52 PM

I’m making a 72 hour kit to survive what I hope will only be a temporary emergency. You wont be seeing me on one of those documentaries with people spending countless thousands on full blown bunkers and such. Couldn’t afford to do that even if I wanted to. I fear an economic depression which will make things exceptionally difficult to say the least but I’m generally hopeful that society and our civilization wont collapse with it.

Do not depend on MREs as your main storage/emergency food supply. Spend a bit more and get some freeze-dried foods (Mountain House and Wise are good). A steady diet of MREs – even the civilian type – will mess up your innards.

Solaratov on August 22, 2012 at 6:18 PM

Thanks for the suggestion. I really don’t know what I’m doing. I’ve checked a few random “survival” sites using a web search and just started collecting a few things which I think will enable some level of sustenance and security should an emergency of any type occur be it natural or civil. I figure something is better than nothing.

Yakko77 on August 22, 2012 at 6:55 PM

I never used to worry about a full cupboard…

I do now.

wolly4321 on August 22, 2012 at 7:28 PM

Do not depend on MREs as your main storage/emergency food supply. Spend a bit more and get some freeze-dried foods (Mountain House and Wise are good). A steady diet of MREs – even the civilian type – will mess up your innards.

Solaratov on August 22, 2012 at 6:18 PM

Canned Chef Boy-ar-dee pasta, in an assortment of Rigatoni, Macaroni, Lasagna, and those little pillows that I forget the name of. Got me through college.

slickwillie2001 on August 22, 2012 at 7:31 PM

I can count on our elected representatives doing nothing….but wait… maybe the 10,000 staff who do the grunt work that our elected reps. take credit will do something constructive. My source:
http://www.cato-at-liberty.org/the-number-of-congressional-staff-is-the-real-problem/

mixplix on August 22, 2012 at 8:15 PM

This is why we need to take back the Congress seat-by-seat from spineless RINOs like Boehner. You just know that Democrats will demand tax raises and Republicans will demand spending cuts. Then, taxes will be raised with no spending cuts.

Decoski on August 22, 2012 at 10:13 PM

They figure Romney/Ryan is a winner and they want to make it as close to impossible for them to pull a recovery as possible.

{^_^}

herself on August 23, 2012 at 3:25 AM