Inside Story Americas – What is behind the US fiscal cliff standoff?

The phrase ‘fiscal cliff’ invokes images of a US economy spiralling to the bottom, raising questions about whether it is a real crisis or political theatrics…
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“Because the “fiscal cliff” will not stop for death, it looks as if death’s carriage may make a “kindly” stop to pick up some American millionaires this year…
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49 Responses to “Inside Story Americas – What is behind the US fiscal cliff standoff?” Subscribe

  1. cnxxdoc July 18, 2013 at 3:24 pm #

    12:24 !!! need to add more?

  2. cnxxdoc July 18, 2013 at 4:04 pm #

    In 10:47 R.Wolff describes the essence of the “fiscal cliff” issue. All the rest is bullshit fog

  3. ABIGAIL YISRAEL July 18, 2013 at 4:47 pm #

    INDEED.

  4. Rob Sadler July 18, 2013 at 5:28 pm #

    17:20

  5. JAYAKODY SAMANTHA AMANDA SAVANA July 18, 2013 at 6:27 pm #

    Fröhliche neues Jahr !

  6. KT Chong July 18, 2013 at 7:05 pm #

    The right-wing Islamophobic fundamentalist Christian Party, (i.e., the neo-Republican party,) being strung along by an actual Muslim, (i.e., Grover Norquist, the one Muslim who may actually be conducting a stealth Jihad to destroy America from within.)

    Ah, the irony.

  7. TrueOutlawPatriot July 18, 2013 at 7:10 pm #

    Continued from below ,,and for bernanke and the Fed not being able to account for trillions of dollars and /to lend out hard paying American tax money but WE have to Suffer is TOTALLY . They don’t get audited but yet they control the money supply and the price on nearly EVERYTHING come on Please. it’s All bullshit sorry buddy not trying to bark at you but think about the real problem rome wasn’t built in a day But it took centuries to destroy , America is going backwards Not forwards

  8. TrueOutlawPatriot July 18, 2013 at 7:19 pm #

    I’m Sorry But I dissagree cause both parties these days are too scared to standup to the Pres and the Fed/Resv and say enough is enough, The problem here is that if it’s a republican pres or demacrat they don’t have the Balls to shut the fed, lower taxes on everyone, stop bailing out countries, bring out troops home, rebuild our farming industry amonst other industries it’s just that simple this has been wrong for years but it’s the middle class and poor people who suffer Plain and Simple!!

  9. tadeturton July 18, 2013 at 7:24 pm #

    Grover is a tool for the corporations who run the government. The government is supposed to be me and you and I confidently assert that our current system does not care about us the people.

  10. TrueOutlawPatriot July 18, 2013 at 7:55 pm #

    Oh here is a great one HOW ABOUT YOU STOP SCARING THE AMERICAN PUBLIC INTO THINKING WE NEED MORE AND MORE SECURITY FOR THE NEXT 5 YEARS, LIKE NDAA, PATRIOT ACT SECURITY GROUPS, CIA, FBI, CROWD CONTROL TACTICS, ETC ETC ETC that right there is at least 2,3,4 trillion dollars saved. Oh how about SHUT THE DAMN FED AND START PRINTING OUR OWN MONEY AND TELL THE FED TO F@@@@@K OFF CAUSE THEY ROBBED ENOUGH MONEY FROM US Wow No College Education and yet I’m on my way to getting a seat in the Senate LOL

  11. TheLoyalOfficer July 18, 2013 at 8:24 pm #

    The fiscal cliff has to happen. The country is going broke. There is no choice. Time has run out.

    Let the slow breakdown of this absurd statism in America begin.

    Norquist is fundamentally right – the problem is the Republicans don’t practice what they preach, especially if it’s a government program for a jet, rocket, bomb, tank or Wall St. bailout. It’s those contradictions and hypocrisies that are killing the party that refuses to stand up to the mil. ind. complex.

  12. TrueOutlawPatriot July 18, 2013 at 8:28 pm #

    Just LOWER TAXES ON ALL Levels and let the people start saving money and hopefully start spending saved money on things they can afford like I don’t know a tooth cleaning at the dentist perhaps, That’ll be one less person collecting medicaid cause they can’t afford to pay, or how about this for size STOP Playing with the cost on petro and just cap the dam thing at like 3:00 Nation wide so more people can afford it, Shall I Keep Going how about this everybody just pay 10% on taxes everyweek Hmmmm

  13. TrueOutlawPatriot July 18, 2013 at 8:54 pm #

    Ok Capital Hill let’s just try this idea, How about big Corporations and the Goverment Not raise property taxes cause it’s not like there’s anything wrong with the property then the landlords don’t have to make thier tenants pay higher rent and keep the people who are just getting social security recieving the same money they’ve been getting, Hmmm Do You See How easy it is for people to start saving and spending? You MORONS Oh and just so you know I NEVER WENT TO COLLEGE!!!

  14. ABIGAIL YISRAEL July 18, 2013 at 9:28 pm #

    RICHARD WOLFF IS SPOT ON, DONT BELIEVE THE GOVERNMENTS CRAP. GROVER IS A PUPPET FOR THE GOVERNMENT, WHAT A TOOL. AND RYAN GRIM JUST WANTS EVERBODY GET ALONG, WUSS.

  15. JAYAKODY SAMANTHA AMANDA SAVANA July 18, 2013 at 10:27 pm #

    I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !I LOVE OBAMA !
    I LOVE OBAMA !
    I LOVE OBAMA !
    I LOVE OBAMA !
    I LOVE OBAMA !..

  16. bemaniac2 July 18, 2013 at 10:42 pm #

    why is it even called a fiscal cliff? will it not pay down the deficit significantly if they actually did nothing? its completely manufactured

  17. Stephen Faust July 18, 2013 at 11:39 pm #

    One does not build a skyscraper without concrete foundations yet that is what the Republican program (sic) seeks to achieve, leaving the majority adangle from rope and grappling hook, adrifting in the winds of economic fortunes, as their pie in the sky pyramid floats by declaring I eye I.

  18. ABCDyeahyeahyeah July 19, 2013 at 12:11 am #

    Lolwtf grover norquist. Hahahaha

  19. partymariner July 19, 2013 at 12:19 am #

    Obama says one thing in public and pushes policies that are 180 deg. in the other direction! The remaining middle and lower classes will bite the bullet because they have no political power and never seem to stand up for themselves. BOHICA time for the masses!

  20. rogneid July 19, 2013 at 1:01 am #

    My grandmother used to say the United States is a religious country – they worship Mammon. If she were alive today she’d know how right she was.

  21. koppellhinex July 19, 2013 at 1:35 am #

    CAPITALISM creates DRUG LORDS. LAWYERS. BANKERS. ELITE CRIMINALS. INEQUALITY. INSTABILITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. ☠ ☢ ☠ ☢ ☠ ☢

    CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. NARCOPOLITICIAN. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc..

    HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

  22. JAYAKODY SAMANTHA AMANDA SAVANA July 19, 2013 at 1:55 am #

    This is a Shame.

  23. ruddo1970 July 19, 2013 at 2:12 am #

    I wonder how many American millionaires paid the 91% tax rate way back when? My guess is any of them that did would have replaced their accountant straight after!

  24. agpoe July 19, 2013 at 2:44 am #

    What is behind the US fiscal cliff standoff?

    Uhhh, I know. The Elite making the people believe that the politicians they put there are doing something. The Elite only goal is to expand their greed, higher taxes and eventually steel from the people on the ground..

    People need to wake the fuck up and realize that this has absolutely nothing to do with a democratic process or debate.. THEY ARE STEALING OUR SHIT!!

  25. ghollisjr July 19, 2013 at 3:00 am #

    Please show a direct link between production taxes and inflation.

  26. Fallschirmjaeger29 July 19, 2013 at 4:00 am #

    PS: show us what country you REALLY were born in, and the social security number you used and what social security number is on your transscripts! It’s no wonder why Trump put up $5 million for you produce these and yet you run for cover like a coward. You’re a phony. Come clean about Benghazi and Fast & Furious where people got killed. You LIED to America when you KNEW the facts. You’re a punk street organizer

  27. Fallschirmjaeger29 July 19, 2013 at 4:48 am #

    Hey barry saetoro, or is it barry hussein obama, whatever your name is, show us your trannsscripts from Occidental, Columbia and Harvard! Show how your grades were not good enough for Columbia, but how you got in thru “connections”. Show how u didnt produce a thesis while everyone else did! Show your poor grades at Harvard Law and how you were at the bottom of your class. Yet, u try to “convey” that you’re “all that”! You’re unqualified and it SHOWS

  28. Holly Avery July 19, 2013 at 5:39 am #

    I saw this video since I got really concerned with the economy and had little idea what to do. Cash does not necessarily mean a single thing anymore. So I decided to conduct some research and found Goldiverse. I’m certainly so lucky, I can certainly switch my savings from cash to all the major currencies, to any precious metal anytime I would like. The governing administration can go and take a jump for all I care. Just Google and bing it Goldiverse.

  29. alcraig July 19, 2013 at 5:51 am #

    I don’t want to punish anybody, if you had read my comments you will see that I merely want a level playing-field which is the basis of capitalism. If you owned your own business like me you might feel the same.

  30. koppellhinex July 19, 2013 at 6:17 am #

    CAPITALISM creates DRUG LORDS. LAWYERS. BANKERS. ELITE CRIMINALS. INEQUALITY. INSTABILITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. ☠ ☢ ☠ ☢ ☠ ☢

    CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. NARCOPOLITICIAN. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc..

    HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

  31. joepeeler34 July 19, 2013 at 6:23 am #

    “Move profits to tax havens.” I don’t blame them!!

    The best solution is to stop putting taxes on production. If you tax something, i.e. burden it, all else being equal, you will get less of it than you otherwise would in its absense.

    I know you want to punish the “evil” owners of publicly-traded corporations, but most of the owners are its employees, pension funds, mutual funds, etc.

    The owners of the capital and the employees pay the production tax in the form of lowered real wages.

  32. alcraig July 19, 2013 at 7:21 am #

    Corporate or company tax is a tax on profits and all US companies pay this tax, however corporations have the ability to move profits to tax havens which gives them a competative advantage. What is capitalist about disadvantaging local companies.

  33. joepeeler34 July 19, 2013 at 7:58 am #

    Domestic producers should have to pay tax…” What kind of tax? Are you just talking about an idiotic corporate income tax?

    If a company sells goods here, but isn’t based here, why would you claim that its unfair that its government taxes at a lower rate.

    Are you saying that a French company should pay the French corporate income tax AND the U.S. corporate tax if it operates/sells goods in the U.S?

    All corporate taxes are stupid. All govt.’s should look for other ways to tax.

  34. alcraig July 19, 2013 at 8:44 am #

    What a ridiculous argument. Domestic producers do have to pay tax so corporation should also.

  35. William Gibbons July 19, 2013 at 8:55 am #

    The extremely well-off are represented, VERY WELL. Keep waving that flag, teabagger.

    Sinclair Lewis: “When fascism comes to America, it will be wrapped in the flag and carrying the cross.”

  36. William Gibbons July 19, 2013 at 9:41 am #

    The extremely well-off are represented, VERY WELL. Keep waving that flag, teabagger.

    Sinclair Lewis: “When fascism comes to America, it will be wrapped in the flag and carrying the cross.”

  37. William Gibbons July 19, 2013 at 9:53 am #

    What has pushed small farms out is corp farms underselling small farms, not estate taxes. Spare us the FreedomWorks BS talking points. Keep licking Koch bros boots, nutjob.

  38. William Gibbons July 19, 2013 at 10:26 am #

    Who is Barry Hussein? In all caps even.

  39. joepeeler34 July 19, 2013 at 11:26 am #

    If you are referring to companies that are based overseas that have lower corporate income taxes operating in the U.S., the solution there is to lower corporate income taxes here.

    If the U.S. taxes corporate taxes at 90%, is that the fault of a company that is based in Estonia. That Estonian based company isn’t the problem. Yes, they don’t pay the same rate to the government domestically while competing overseas, but, again, that’s the fault of a high rate imposed by U.S. government.

  40. joepeeler34 July 19, 2013 at 12:01 pm #

    I did answer your questions. It’s not an unfair advantage when every company doesn’t pay a foolish tax on production. If a govt. makes some pay at different rates, then it is unfair. If a company like G.E. can get special tax breaks that other companies in the U.S. don’t get because they don’t qualify or they are able to hire thousands of tax lawyers, then it is an unfair advantage.

    If all producers are treated the same (zero corporate income tax), there is no unfair advantage.

  41. alcraig July 19, 2013 at 12:54 pm #

    You asked why a corporation should pay tax but ignored my answer

  42. Waz ramzi July 19, 2013 at 1:15 pm #

    perhaps you should explain your empty rambles, it would be much appreciated..

  43. Waz ramzi July 19, 2013 at 1:19 pm #

    where larger population is concerned, its impractical to run a nordic system as a result of inherent inefficiencies of a centralised gov. Have you not seen socialism and big gov when practiced in populous states fail..that is why communism failed, because it is ineficient where mainstream markets are concerned, anytime there is a small population and a niche oriented market, socialism is practical, do not think of your country as a universal model, thats just wishful thinking.

  44. Waz ramzi July 19, 2013 at 1:43 pm #

    my rhetoric..it seems that perhaps, i am wrong, maybe you do live in an isolated commune somewhere in siberia, beit with devices..are you saying that westerners do not enjoy is system which shifts 90 percent of the worlds wealth to their nations. And yes, this may seem like a false dichotomy, but it is the reality we face today..unless you are fortunate enough to live a small populous nations of the nordic country, which because of niche markets are able to function as socialist democracies

  45. stony tina July 19, 2013 at 1:45 pm #

    Ever heard of creating a false dichotomy? You must have, because it’s just about the only thing you do in your empty rhetoric.

  46. Leonard Greenpaw July 19, 2013 at 2:37 pm #

    Haha you are trying to be a wise guy, I do have a job. You dont even understand how outrageously stupid you are

  47. Nathan B. Forrest July 19, 2013 at 2:47 pm #

    No, you’re not trying to be the best, you’re trying to be a wise guy. Shut the fuck up and get a job. I don’t want to be paying for your welfare.

  48. Leonard Greenpaw July 19, 2013 at 3:41 pm #

    oh yeah, trying to be the best I can be and accomplish something obviously means I am overcompensating. You forgot to add that I have a micro penis.
    Or maybe I just dont want to be a sheep like you

  49. Nathan B. Forrest July 19, 2013 at 4:18 pm #

    lol I don’t have a minimum wage salary…maybe you grew around people who were needy so you are overcompensating with unrealistic dreams.

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