Fiscal Cliff Countdown: Missing the Deadline

Fiscal Cliff Countdown:  Missing the Deadline

Economic effects if Congress cannot vote quickly.

A bit more in-depth analysis when thinking about the fiscal cliff.
Video Rating: 4 / 5

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43 Responses to “Fiscal Cliff Countdown: Missing the Deadline” Subscribe

  1. SombodyNobody014 July 29, 2013 at 10:35 am #

    Another four years of hell. Shit o_o

  2. Emery Kennedy July 29, 2013 at 11:25 am #

    to raise taxes on the rich like Bill Clinton did.

  3. Emery Kennedy July 29, 2013 at 12:18 pm #

    God bless youtube. There’s nothing like candid camera. Here’s another video on the YT, “John McCain On Taxing Rich People” what a flip flopper you’d think he was democrat.-LOL!! LOL! Bush’s own father warned Reagan and called it “voodoo economics” think now, a republican said this. Just type it in “George Bush voodoo economics” on YT.

  4. Linda Casey July 29, 2013 at 12:41 pm #

    Senator McCain .. you ask why? Look at how your party has put one block after another up in order to keep Obama from making progress … don’t ask why .. put party lines away and start negotiating with your fellow senators to get our country back on track. How silly you all look … like naughty children. Shame on all of you!!!

  5. eche1492 July 29, 2013 at 1:30 pm #

    I think obama should not talk shit until the deal is finished and passed. the gop dont want to give away any points. People need to vote in the midterms just like in the presidential, especially in a census year. We the people have hell tp pay for not showing up in 2010, we gave ten years to the gop in the house and gubers… Vote every election!

  6. jerry s July 29, 2013 at 1:44 pm #

    Republicans will see if Obama going to do it right the job

  7. jerry s July 29, 2013 at 1:49 pm #

    Republicans dont care nothing about the Poor nor Middle Class will it is the Republicans going to be Poor win i am over it all

  8. jerry s July 29, 2013 at 2:31 pm #

    Republicans is goneing to lose it all

  9. Niko Bellic July 29, 2013 at 3:11 pm #

    this is it we need to declare war on the aristocratic Society of America

  10. Jason Shoots July 29, 2013 at 3:43 pm #

    I new that America would go over the cliff. A house divded won’t stand–Jesus.

  11. Zombicide July 29, 2013 at 3:43 pm #

    What? What the hell are you are talking about? How are you that stupid? It’s congress refusing to raise the fiscal cliff, moron, not Obama. How is it even possible that someone could be so fucking stupid as to not know what’s going on by now. Hell, you don’t even need to have been following the news, this very video itself informs you about the subject.

  12. wanful50 July 29, 2013 at 3:54 pm #

    Grow up and stop your whining, then move your personal feelings out of this. This is what is be understood, what is for good of the people that elected you. You signed and agreement that you would not raise anything, or agree to anything in your marriage. So, what are you there for. Pack it up and resign and let others fill your spots, since you cannot seem to add and subtract the difference from 10 chattel into 5. Remember, we are a rich country that can create more money! 4 give debt, and ..

  13. N0616JC Productions July 29, 2013 at 4:12 pm #

    Only couple of hours left Congress, what are you going to do?

  14. N0616JC Productions July 29, 2013 at 5:04 pm #

    Agree, in this issue, Obama is just a figure head.

  15. maddog5236 July 29, 2013 at 5:17 pm #

    It’s CONGRESS, not Obama, as far as I am aware of.

  16. freshmanchris7 July 29, 2013 at 6:06 pm #

    Why did we vote for Obama again? -_-

  17. Erik Conn July 29, 2013 at 6:38 pm #

    Republicans dont care nothing about the Poor nor Middle Class,,,

  18. luisito8411 July 29, 2013 at 7:36 pm #

    Ummmmmmmmmmmmmmmmmmmmmmmmm

  19. aurum262 July 29, 2013 at 8:03 pm #

    I don’t see how you could implement such a system effectively. It seems like there would be a lot of wasted money going to Bill Gates and people like him and every single one of those dollars would be coming directly from the pocket of someone poorer than him. Remember, the government needs to tax before it can spend. A citizen wage sounds better than what we have now but I still prefer NIT. Sorry about the minimum wage mix up. That was mentioned in the article I found about citizen wages.

  20. astroboomboy July 29, 2013 at 8:06 pm #

    There would be a reward for working if below poverty line with citizen wage, because every person, rich and poor, would receive equal amount of money from the system, which would be enough to just get by on the bare minimum. This would create incentive for the poor to work because they would get their citizen wage no matter what, and we wouldn’t have the situation today where if a poor person works loses his benefits, and thus chooses not to work.

  21. astroboomboy July 29, 2013 at 8:46 pm #

    The idea behind citizen wage is that when everybody get equal amount of money, then there is no need for a bloated bureaucracy to decide who gets what, and how it is divided, and how insurance, health care, schooling, etc, is taken care of. Some economists say that just by cutting the bureaucracy, we could hand out close to 1/4th of what is the minimum income in the US today to every citizen.

  22. astroboomboy July 29, 2013 at 9:08 pm #

    Citizen wage doesn’t have anything to do with minimum wage, and I agree with your statement that minimum wage increases unemployment (as Friedman called it, the most anti-negro legislation). Citizen wage is base on the idea that there should be a somewhat progressive tax rate, and that everybody receive the same amount of money from the state (a bare minimum). So no programs, no health care, etc., just a sum that is up to you to decide how to use.

  23. aurum262 July 29, 2013 at 9:17 pm #

    I prefer Milton Friedman’s negative income tax and flat tax rate You can read about it here: /-3ub0

    What I found about the citizen’s wage comes from here: /-3uGk Is it a fair presentation of the system you advocate?

    To get at those links, just put them in front of dft.ba in your url bar.

  24. aurum262 July 29, 2013 at 9:27 pm #

    Judging by a (very) brief Google search, it looks like that program, while much more streamlined then current welfare systems, still has some problems. First off, minimum wages don’t do anything but increase unemployment. Numerous studies have shown that over a long period of time. Second, many of the aspects of a citizen’s wage seem to be dependant on gov’ts an implausible amount of data. Lastly, there is no mechanical reward (that I found) for working while below the poverty line.

  25. astroboomboy July 29, 2013 at 9:52 pm #

    Thanks for the link! Yeah, it’s very hard to determine these long term effects. I also agree that lower taxes is better (but should be done over long period of time), specially if we can create a society where people give to charities out of their own will, and more than just a few bucks here and there, but closer to 10% of income. What do you think about citizen wage? I really like that idea, and it can get rid of the bloated bureaucracy that distributes money.

  26. aurum262 July 29, 2013 at 9:58 pm #

    Here’s the link to the video I talked about in my other comment. watch?v=GTQnarzmTOc

  27. aurum262 July 29, 2013 at 10:40 pm #

    It matters but it matters a lot less than most people think. I personally believe that it’s better to tax less and spend less on welfare. There are some good arguments against this perspective but I don’t find them persuading. It’s really hard to tell if someone has “created” jobs. That’s a major target for correlation-causation fallacies. I recommend the “Keynes vs. Hayek: Fight of the Century” video on YouTube for an analysis of the crisis which is both detailed and amusing.

  28. Darthreloy July 29, 2013 at 11:03 pm #

    khanacademy, thank you. That was awesome.

  29. astroboomboy July 29, 2013 at 11:19 pm #

    So, you’re saying that it doesn’t matter who is in office? I can see that Obama hasn’t done a good job, but from this video it seems like his proposal is best for America’s future, but I obviously only speak from very little information. In my country, Norway, I recently read a rapport that the richest percentage of the population have in the last year produced close to no jobs, and overall they have taken more out of Norwegian economy than put into it.

  30. aurum262 July 29, 2013 at 11:46 pm #

    People are stupid. Basically, if Obama’s in office, it’s his fault; even when it’s not. I happen to think that Obama’s policies are very foolish but that’s a different discussion. It’s also oversimplification to say that the crash in 2008 was Bush’s fault. It’s impossible to say whether things would have been better, worse, or the same under a different administration. Certainly, Obama gets blamed for some things that Bush did, but he hasn’t done as well as the non-American world seems to think.

  31. astroboomboy July 30, 2013 at 12:01 am #

    I’m not American, so it’s hard for me understand this. Bush was president when all of this happened, it was his policy that created the conditions that made the economy crash in 2008 (he was still president). And how is the blame put on Obama? To me it sounds like his ideas are the best as of now.

  32. astroboomboy July 30, 2013 at 12:49 am #

    So what happened? Is this still ongoing? I’m not American, so I don’t follow US politics much…

  33. sandovalxY July 30, 2013 at 1:40 am #

    Hi, I have a question not related to the contents but to the software you use for the presentation/videos. It is excellent! can you share than program name(s)?

  34. Keyguya July 30, 2013 at 2:01 am #

    USA, the biggest debtor nation has a lack of spending and too much investment?

    Yeah I don’t think the bond markets prove that, rather they prove that FED is printing bunch of money, which if you look at the FED balance sheet is correct.

  35. jannmutube July 30, 2013 at 2:39 am #

    It seems that many Republicans in congress are being led by a private interest group. In the CNN video “How we got to the edge of the Fiscal Cliff”, the commentator says “Almost all congressional Republicans signed the Norquist tax pledge which forbids those who signed from raising taxes ever under any circumstances.” Did you vote for Grover Norquist, President of Americans for Tax Reform, a private group, to represent you? How is that different from former Illinois Governor, Rod Blagojevich?

  36. jannmutube July 30, 2013 at 3:13 am #

    It’s time for republicans to stop blaming Social Security, Medicare, and the disabled for the financial crisis. “Free market” republicans have been the main driving force behind the repeal of the Glass-Stegall Act and the Bush tax cuts for the rich which accounts for half the national debt to the benefit only the upper 2%. Deregulation allowed over-capitalization of stock, the loss of IRA savings, and financial instruments that bundled and sold mortgages worldwide knowing they would fail.

  37. Wilfred Harrison July 30, 2013 at 3:32 am #

    Thank you for the straight talk…we are falling off the cliff by design…

  38. James McLane July 30, 2013 at 3:34 am #

    You do realize Obama had a two year majority in both houses and made our problems worse right? This is coming from an independent by the way.

  39. amorDeShnitzel July 30, 2013 at 3:57 am #

    Well look at the data from clinton and bush era… It speak for itself. Bush destroyed this country with his stupid wars and now republicans are just blaming the black guy.

  40. Nero July 30, 2013 at 3:59 am #

    I can tell from this video he is a Obama supporter. Heavily biased for the Democratic plan of the destruction of America.

  41. GoSuMonSteR July 30, 2013 at 4:27 am #

    Romney got 47% of the votes. Irony.

  42. GoSuMonSteR July 30, 2013 at 5:13 am #

    I think you’re have a ridiculously selective view of history. None of that happened under Obama.

  43. WatashiwaJouhouDesu July 30, 2013 at 5:16 am #

    Yeah, and how the Electoral College selected him without counting the votes and people are idiots. :)

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