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znu: Krugman wants compromise.

Posted by ty97 Nov 9 '12, 07:15

But he wants the compromise to include the GOP allowing 250+ tax rates to increase.

If the GOP refuses that part, then (and only then) does Krugman want Obama to play chicken and allow the cliff to happen if needed.

Responses:

I was oversimplifying a bit, yes. - znufrii Nov 9, 07:19 1
- I don't agree with your IM. - ty97 Nov 9, 07:26
[deleted] 19
- These rules would impact the 2013 tax year, right? So no chaos..they have a year to deal. -- nm - ty97 Nov 9, 07:24 17
  - The military can't handle the defense spending cuts and still be effective in Afghanistan. - Bacon Nov 9, 07:28 6
    - I don't buy that. Are we cutting the military by 90%? 80%? 50%? - ty97 Nov 9, 07:39 3
      - Goes from $555B to $500B, I think. Which is still more than 2006, at the height of the Iraq War. -- nm - mara Nov 9, 07:50 1
        
        the *horror*... -- nm - znufrii Nov 9, 08:00
      - Seriously, if our military can't handle Afghanistan on it's own with a majority of the current budget...we shouldn't be fighting wars. -- nm - Will Hunting Nov 9, 07:42
    - i'm okay with that. -- nm - Don Homer Nov 9, 07:36 1
      - Ending the war is fine but you can't just cut the funding and have people scrambling to get out with no money to do it. - Bacon Nov 9, 07:38
  - [deleted] 9
    - To both you and Redmond: If we can over the cliff on 1/1 but then pass a compromise/result on, say, 1/7 it doesn't really cause impact, right? - ty97 Nov 9, 07:30 2
      - [deleted]
      - You said they had "a year" to deal. That's what I was responding to. -- nm - Bacon Nov 9, 07:33
    - Yep, all of a sudden people's paychecks would be noticeably smaller - Bacon Nov 9, 07:29 4
      - Checks will be smaller anyway. The 2% payroll tax holiday is going away. -- nm - ty97 Nov 9, 07:30 3
        
        Why are you ruining Christmas? -- nm - Bacon Nov 9, 07:31 2
        
        Because I'm an atheist? - ty97 Nov 9, 07:36 1
        
        I am too, but I love the Christmas Season -- nm - Bacon Nov 9, 07:37
    - It's not as bad as when the extenders weren't passed until December for the current year, but it's not fun. - spamlet Nov 9, 07:28
- And yet they spend their time coming up with byzantine rules for accepting W-8s electronically. - spamlet Nov 9, 07:23
[deleted] 1
- The theory is this: Congress can then pass a tax *cut* on everyone (except 250+) on 1/2/2013 - ty97 Nov 9, 07:23

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znu: Krugman wants compromise.

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