http://cnnmoney.disqus.com/Y2K!enThu, 06 Dec 2012 22:37:10 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-729890548<p>Another amateur CNN writer as we have come to expect. Is an increase of taxes on the lowest earning americans of 70% bore to you? Is a massive year end bailout from capital gains which crashes the market a "wee bit overdone"? Only an idiot would hold onto a long term gain now. How much have people made since 2008? Its time to cash it in. Over 60% of the money in the US market today has a capital gain at some level. What started the 2008 collapse? Now we have a real reason for people to bail out of the market. Shame on CNN. Please hire professionals.</p>disqus_eqNZn0xWKhThu, 06 Dec 2012 22:37:10 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711441585<p>The Ottoman empire colonised Greece and still has Istanbul to this day (originally "Constantinople").</p><p>Go tell the Turkish to get out of Istanbul because they stole it.</p><p>Muslims in Europe are AT THIS MOMENT taking over White countries.</p><p>Go tell Muslims to get out of Europe because they're colonising it with immigration.</p><p>We all know you won't, that's because you're anti-White.</p><p>You say you are anti-racist, what you are is anti-White.</p><p>Anti-racist is a code word for anti-White.</p>Euro HeritageThu, 15 Nov 2012 22:18:13 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711216790<p>"All of the rates need to go back to where they were under Clinton. The plan was designed that way, and it should return to the original plan. All of the tax cuts need to expire."</p><p>Quoted for emphasis. The only way out of the fiscal mess we now find ourselves in, is for everyone to have a share in the pain. None of this, "Well, the Bush tax cuts are good for me, but not for thee" class warfare whining.</p>SamilcarThu, 15 Nov 2012 15:34:58 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711211770<p>How big a difference would you admit exists between 2001 and 2009 when the administrations changed?</p>medianoneThu, 15 Nov 2012 15:27:26 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711210612<p>Putting it in caps doesn't make you any more right. There was a budget surplus from 1998 to 2001. Now that surplus probably would have gone away due to economic conditions, but if that was the case why wouldn't Bush have paid for his tax cuts. A simple thing to look up, like tax receipts minus outlays = surplus for those years. The numbers are published so you can try looking for them rather than buying the rights rhetoric.</p><p> Gerhard Peters "Historical Tables, Budget of the United States Government, Fiscal Year 2013" (Washington, D.C.: Government Printing Office, 2012).</p>1guest2uThu, 15 Nov 2012 15:25:41 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711209725<p>Remember, being an advisor in the stock market is the only job where you are prevented by law from knowing what you are talking about.</p>Dustin GoldsenThu, 15 Nov 2012 15:24:23 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711207096<p>Nothing to show for it? How about stopping the loss of 600,000 jobs per month, a GDP and stock market in free fall and banks and auto companies going belly up.</p><p>Even Ronald Reagan knew you had to use deficit spending to end a recession or sustain a recovery. In WWII we had three times the deficits we have now as a percentage of GDP.</p>Dustin GoldsenThu, 15 Nov 2012 15:20:25 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711204170<p>I usually like Paul's editorials but this is probably the worst one I've read of his in years. He's basically saying maybe stocks won't go down due to fears or maybe they will? <br>I think maybe the Steelers or Ravens will win this weekend. On second thought, maybe not. Also, it's going to rain...maybe. Wouldn't bet on it though.<br>How about forming a real opinion and then bragging when you are right or taking some lumps if your wrong?</p>Jacob MeadowsThu, 15 Nov 2012 15:16:10 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711191669<p>There was NOT EVER a SURPLUS. It was projected, but because the economy slowed down, the SURPLUS never actually happened.</p>FLtaxpayerThu, 15 Nov 2012 14:57:34 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711191058<p>You have more stamina than I do.<br>I will be reading your comments going forward, but will not spend a lot of time resoinding to any article, or trying to get people to think.<br>I wish you luck, and hope you succeed where I have not.<br>WHile I truly hope that I am wrong about the future of taxes on the middle class, I am quite good a math, and I know that what Obama wants to do cannot be done on the backs of the rich only.<br>I also know there are millions of us, in the middle class, liberal and conservative, who will not stop trying, and I think it is likely that we will all be FORCED to pay for Obamanomics.<br>If I see you taking to much of a hit I will do what I can to help, but I will not be beat upon by these liberal, or conservative extremists.</p>FLtaxpayerThu, 15 Nov 2012 14:56:35 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711189760<p>You miss the point. The point for Bush was that the surplus money is better utilized in the hands of the tax payers instead of the govt who would just waste it on more unneccessary stuff. The beauty of the tax cuts were that everbody would get the benefit, and all income level tax rates went down. It was also going to be temporary(10 years), finite, as it should be. Now when we come to the end, everybody wants to keep their share while screwing the rich. All of the rates need to go back to where they were under Clinton. The plan was designed that way, and it should return to the original plan. All of the tax cuts need to expire.</p>needlemierThu, 15 Nov 2012 14:54:41 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711161266<p>Funny the revenue we gave up in 2001 for this booming economy we have never gets mentioned. Never mentions how there was history before 2009, how there was a surplus we were so concerned with in 2001 we just had to cut taxes without paying for them.</p>1guest2uThu, 15 Nov 2012 14:12:51 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711160555<p>He added debt already baked in from Bush's budget incompetence.</p><p>Obama added about 1.3 trillion of that with his policies. But facts aren't ever your strong suit so I don't know why I bother. Everthing reset on Jan 20, 2009 I forgot.</p>1guest2uThu, 15 Nov 2012 14:11:48 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711155280<p>History shows if you add $6 Trillion in new Debt in four years, with nothing to show for it, the president is a worthless clown.</p>LiberlMediaThu, 15 Nov 2012 14:04:02 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711145831<p>History shows that the only way to address a recession or sustain a recovery from a recession is with deficit spending. FDR learned that the hard way in 1938 and Ronald Reagan used deficits of "voodoo economics" to end the Recession of 1982.</p><p>As for the "liberal media", I'm still waiting for an explanation as to why Time Warner, who owns CNN would want to run a liberal news organization? More likely all you followers of Rush and Hate Radio are so far out to the right you see Atilla the Hun as a bleeding heart liberal.</p>Dustin GoldsenThu, 15 Nov 2012 13:50:31 -0000http://buzz.money.cnn.com/2012/11/15/the-fiscal-cliff-2013s-y2k-bug/#comment-711137491<p>Very poor comparison. The Y2K issue problem was fixable. The stupidity of irresponsible spending and incompetent politicians is not as easily fixed, as we have seen with the re-election of the community organizer.</p><p>Perhaps is the useless liberal media would focus on ways to cut spending, government waste, and increased accountability, all Americans would be better off. Instead, the liberal media spends to much time trying to protect the incompetence of their failed social experiment.</p>LiberlMediaThu, 15 Nov 2012 13:39:13 -0000