Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:06 PM

GasBuddy News Article

66
votes
Costs of Falling Off The Fiscal Cliff

WBNG -- (WBNG Binghamton) The U.S. Government is running out of time to approve a deal that avoids going over the fiscal cliff.

If no deal is reached there is already speculation on how the tax hikes and budget cuts will affect our daily lives.

The last thing Tatiana Anderson wants to hear while getting her weekly groceries, is that falling off the fiscal cliff would mean higher prices in supermarkets.

"The prices are already ridiculous now for groceries, you know you have to feed a family of 4 you're talking $600-800 now for groceries a month just for the essentials," said Anderson from Endwell.

...

Prices at the pump all boil down to supply and demand.

Add that to cheaper crude oil prices that AAA is reporting, and people could see gas prices closer to $2.00 a gallon.


Read the Full Article

Submitted Dec 30, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Costs of Falling Off The Fiscal Cliff Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Jan 3, 2013 12:00:52 AM

payroll will still be smaller for most Americans, even w/ the tax cuts remaining in place.
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Jan 1, 2013 11:57:59 PM

Happy 2013 everyone!
tomok
Champion Author Portland

Posts:46,793
Points:3,171,760
Joined:Aug 2006
Message Posted: Jan 1, 2013 2:50:59 AM

Costs of Falling Off The Fiscal Cliff?
What Me Worry!
Better Yet! – Go Take A Flying Leap For All I Care!
Higher taxes coming, Stop Sneeky from spending more and more money than what is available and having the taxpayers pay for his 'Spending Gone Wild' attitude.
'Coming Out of the Closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
JimL1
Champion Author Phoenix

Posts:11,304
Points:1,946,870
Joined:Jul 2003
Message Posted: Dec 31, 2012 4:04:38 AM

But none of the cuts will reduce the perks of the legislators who are not willing to do what is necessary to avoid the fiscal cliff, they still get their health care and their lifelong pension for only serving as little as two years. No wonder they do not care.
goldseeker
Champion Author West Virginia

Posts:23,867
Points:3,545,180
Joined:Sep 2005
Message Posted: Dec 31, 2012 3:39:08 AM

My wallet has already fallen off the cliff!
mcmonsta
Champion Author Honolulu

Posts:6,319
Points:1,636,775
Joined:Sep 2009
Message Posted: Dec 31, 2012 3:36:28 AM

the fun and games of government for the people and by the people??##!!
Packman3231
All-Star Author Oregon

Posts:901
Points:2,596,350
Joined:Jun 2004
Message Posted: Dec 31, 2012 2:55:21 AM

One could hope for lower gas prices, but the oil companies will find a way to get higher profits.
Gnusman53
Champion Author San Diego

Posts:11,732
Points:1,912,575
Joined:Feb 2004
Message Posted: Dec 31, 2012 1:26:37 AM

still clueless mstearno
Gnusman53
Champion Author San Diego

Posts:11,732
Points:1,912,575
Joined:Feb 2004
Message Posted: Dec 31, 2012 12:54:02 AM

sorry hmw ...wrong again..... as usual
us4usa
Champion Author Missouri

Posts:7,179
Points:1,593,920
Joined:May 2008
Message Posted: Dec 31, 2012 12:53:23 AM

Anyone think we can spend ourself out of debt, besides DC??? If yes do it on your dime...

I'm not a big fan of higher tax for anyone, but you should pay the taxes at your rate, so stop all the loop holes and pay that rate...

Only one way to fix DC, term limits...

Amplion
Champion Author Oregon

Posts:10,282
Points:2,645,570
Joined:Sep 2005
Message Posted: Dec 31, 2012 12:47:24 AM

BRING IT ON !!!
rahcat
Champion Author Grand Rapids

Posts:6,125
Points:1,498,000
Joined:Jan 2010
Message Posted: Dec 31, 2012 12:23:18 AM

I hope we go over the fiscal cliff. This will be Obama's legacy.
VikingWoman
Champion Author Washington

Posts:4,691
Points:1,048,780
Joined:May 2012
Message Posted: Dec 31, 2012 12:21:33 AM

Recent history tells me that as soon as they decide the outcome of the Fecal Cliff they will vote themselves a vacation!

I wondered why $400k is the magic number for taxes so I did a little research. The average congressman salary will increase to $174,900 in 2013. Consider spousal and investment income and they probably exceed Obama's $250k pretty fast. That's why they want the limit raised to $400k. This will ensure they can make more without a tax increase.

I wish I had it so good and I have a better than average job earning a little over $21/hour.
mrreferee
Champion Author Savannah

Posts:3,455
Points:1,328,515
Joined:Jun 2011
Message Posted: Dec 31, 2012 12:14:38 AM

The only people to suffer will be 'joe everyone' not the idiot politicians who have more entitlement than they should
investmentdr
Champion Author Cleveland

Posts:6,736
Points:2,241,475
Joined:Sep 2008
Message Posted: Dec 31, 2012 12:14:14 AM

we're going over...
Tsunamiron
Champion Author Jacksonville

Posts:4,681
Points:1,359,225
Joined:Mar 2011
Message Posted: Dec 31, 2012 12:13:58 AM

We need to fire congress. If a deal isn't met, then I will lose my house. Barely getting by, I can't afford any higher expenses such as in taxes.
GallowayB
All-Star Author Ohio

Posts:549
Points:623,185
Joined:Jul 2007
Message Posted: Dec 31, 2012 12:08:10 AM

There was just an election and the American people voted to keep the same government in power that set-up the Fiscal Cliff. America gets the government it voted for. America voted for Obama and he'll drive the bus over the cliff while pointing at anybody else.
movietracker
All-Star Author Pennsylvania

Posts:697
Points:168,605
Joined:Mar 2011
Message Posted: Dec 31, 2012 12:07:04 AM

Old news
Rednix
Champion Author Miami

Posts:9,402
Points:2,096,235
Joined:Jul 2009
Message Posted: Dec 31, 2012 12:06:42 AM

The prices are ridiculous. The president and congress need to get their act together. This could define his presidency.
pgerassi
Champion Author Milwaukee

Posts:14,282
Points:2,938,995
Joined:Apr 2007
Message Posted: Dec 31, 2012 12:05:54 AM

Gas, oil and food prices should drop off the same fiscal cliff given that demand is going down.
mk9999
Champion Author Rochester

Posts:11,290
Points:2,499,670
Joined:Aug 2008
Message Posted: Dec 31, 2012 12:04:50 AM

Stupid congress.
cheaper0ON
Champion Author Ontario

Posts:4,320
Points:1,232,705
Joined:Jan 2012
Message Posted: Dec 31, 2012 12:04:46 AM

Who cares???
monarch57
Champion Author British Columbia

Posts:2,488
Points:271,460
Joined:Nov 2008
Message Posted: Dec 31, 2012 12:04:30 AM

That means more people going to the food banks, I started going this year for the first time.
CollegeMan21
Champion Author Colorado

Posts:1,056
Points:786,175
Joined:Sep 2006
Message Posted: Dec 31, 2012 12:03:02 AM

If my team of employees would take this long to make a solution, our butts would be in a sling. We have deadlines, we have due dates. We have to make an obligation to make the customers happy and make the product work. My solution, stop voting these morons into Congress. I am not pointing fingers at just my President, I am pointing at everyone. Democrats stop bickering, Republicans, shut up. Get it written up and make agreements, make compromises. Make cuts, cut spending. Simple, they have had 12 months to figure this out. This Congress does not need anymore.
jellybelly72
All-Star Author San Bernardino

Posts:710
Points:816,835
Joined:Jul 2011
Message Posted: Dec 31, 2012 12:01:02 AM

political crap again, if they cant agree cut their pay down to minimum wage!
gougenator
Champion Author Dallas

Posts:34,416
Points:4,026,925
Joined:Aug 2003
Message Posted: Dec 30, 2012 11:55:39 PM

gas prices fall off the cliff too ,well theres the silver lining

and politics aside WHERES THE GAS PRICES DISCUSSION?

[Edited by: gougenator at 12/30/2012 11:58:55 PM EST]
Doomsday64
All-Star Author Austin

Posts:905
Points:377,750
Joined:Apr 2011
Message Posted: Dec 30, 2012 11:50:47 PM

It's all wait and see.
mstearno
Champion Author Dayton

Posts:9,694
Points:2,373,910
Joined:Jan 2008
Message Posted: Dec 30, 2012 11:50:04 PM

congressional pay raises are a partial drop in the bucket
Obama wants the retro tax cuts to be Obama tax cuts
so we'll think he's great long after we've been over the cliff
montana920
Champion Author Chicago

Posts:12,413
Points:2,483,765
Joined:Oct 2008
Message Posted: Dec 30, 2012 11:48:04 PM

Has anybody else noticed that Congress has voted itself a payraise? I wonder why this is not getting much press. I only saw one itty bitty article burried in the news
The_DR
Champion Author New Jersey

Posts:5,626
Points:1,395,165
Joined:Aug 2011
Message Posted: Dec 30, 2012 11:45:47 PM

Whatever
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Dec 30, 2012 11:42:16 PM

It would normally be enough to get rid of an incumbent president.
FrankTA2
Champion Author New York

Posts:7,288
Points:1,873,250
Joined:Jun 2007
Message Posted: Dec 30, 2012 11:41:30 PM

The republicans need to get their act together.
oilfreak
All-Star Author Houston

Posts:723
Points:39,210
Joined:Oct 2012
Message Posted: Dec 30, 2012 11:41:11 PM

Let time make the politicians learn the hard way.
Hybrid923
Sophomore Author Ottawa

Posts:206
Points:165,370
Joined:Aug 2012
Message Posted: Dec 30, 2012 11:38:32 PM

ok
69Bonne
Champion Author Gary

Posts:3,577
Points:1,093,860
Joined:Sep 2005
Message Posted: Dec 30, 2012 11:38:13 PM

Who knows where it's going to go.
jodybull
All-Star Author El Paso

Posts:767
Points:140,880
Joined:May 2012
Message Posted: Dec 30, 2012 11:37:13 PM

fiscal cliff??? stupid!
Bildawg
Champion Author Ohio

Posts:1,344
Points:1,150,255
Joined:Oct 2011
Message Posted: Dec 30, 2012 11:30:25 PM

Help we've fallen and cant get up!!
catladyNM
All-Star Author New Mexico

Posts:585
Points:536,900
Joined:May 2012
Message Posted: Dec 30, 2012 11:29:02 PM

All I am hearing is taxes are going up!

Gas prices are going down but we will end at the same price or worse in the end.

[Edited by: catladyNM at 12/30/2012 11:30:44 PM EST]
zachlCA
Champion Author California

Posts:7,068
Points:1,326,880
Joined:Jun 2011
Message Posted: Dec 30, 2012 11:27:57 PM

If we wanted to get serious about our problems then we need to start here, 10% spending cuts across the board in every aspect of government, and modest tax increases across the board as well. But we have crooks and dummies as are leaders of choice so we have dug are own grave.
toadNY
Champion Author Albany

Posts:10,484
Points:2,326,575
Joined:Apr 2008
Message Posted: Dec 30, 2012 11:23:29 PM

Not being one of the rich my Taxes will only go Up by about $6,662 dollars! Give or take. Thank you obama, hows the many vacations you have taken on Tax Payers money?
comprof
Champion Author Houston

Posts:10,492
Points:2,165,315
Joined:Jul 2009
Message Posted: Dec 30, 2012 11:21:14 PM

Deficit spending is much worse!
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Dec 30, 2012 11:21:09 PM

It's all wait and see...
BREW9
Champion Author Tampa

Posts:4,252
Points:3,723,860
Joined:Jun 2004
Message Posted: Dec 30, 2012 11:20:17 PM

ok
mrbee
Champion Author Little Rock

Posts:7,140
Points:3,298,055
Joined:Oct 2005
Message Posted: Dec 30, 2012 11:18:09 PM

Who knows?
THX138
Champion Author San Francisco

Posts:4,891
Points:1,775,315
Joined:Apr 2010
Message Posted: Dec 30, 2012 11:16:38 PM

Done! NO DEAL!
Dragnet
Champion Author Arizona

Posts:18,926
Points:3,689,930
Joined:Jul 2004
Message Posted: Dec 30, 2012 11:13:46 PM

It's always this political garbage. Fire Obummer would be the answer. He thinks he's god
chillyman3
Champion Author Illinois

Posts:1,629
Points:1,089,930
Joined:Jan 2012
Message Posted: Dec 30, 2012 11:13:02 PM

let the wealth pay MORE taxes
serrog
Champion Author Nova Scotia

Posts:8,942
Points:2,343,715
Joined:Oct 2008
Message Posted: Dec 30, 2012 11:05:55 PM

Self serving fools
wayoung56
Champion Author Alabama

Posts:6,041
Points:1,629,135
Joined:Oct 2006
Message Posted: Dec 30, 2012 11:03:16 PM

Hmmm...
BMWer
Champion Author Calgary

Posts:5,033
Points:2,467,915
Joined:Dec 2003
Message Posted: Dec 30, 2012 11:02:53 PM

Is it too late?..and what will the end result be?
onegiraffeAL
Champion Author Alabama

Posts:1,202
Points:683,990
Joined:Jan 2010
Message Posted: Dec 30, 2012 11:01:38 PM

ok
Post a reply Back to Topics