December 20th, 2012
07:34 PM ET
10 years ago

Fallout out from fiscal cliff inaction

New York (CNNMoney) - Congress and the White House created the fiscal cliff. And now they've waited too long to avert it, even if they do somehow eke out a deal by Dec. 31.

Dragging out the negotiations this far has created needless uncertainty and pushed some individuals and businesses to try to protect themselves against something the government may or may not do.


Filed under: Fiscal Cliff
soundoff (6 Responses)
  1. Data Driven

    Hm. Congress. This country's Founders thought they were being wise by setting up a legislative body hearkening back to what they presumed was a civilized period, I.e., ancient Greece. Apart from wistfully hoping that some of the old glory of the Periclean age would rub off on their new republic, the principal idea was to have a governing body providing a "check and balance" to the preorogatives of that unrepublican but necessary office of the Executive.

    I wonder what the Founders would think now, here in the age of Boehner.

    December 20, 2012 08:11 pm at 8:11 pm |
  2. Julie MS

    If people only give donations in order to get a tax deduction, then they give for greed, in order to keep their own money. that is not true giving. A true giver gives regardless if he gets anything back. I personally don't even claim donations, and I'm not rich. We give out of our hearts to glorify God, not ourselves

    December 20, 2012 08:55 pm at 8:55 pm |
  3. Squigman

    All this drama, as well as the circus currently playing in every state in the union has been brought to you by your, not so friendly republican conservative interest groups. A subsidiary of corporate America, where people are thought of a chattel and machinery is thought of as investments. Remember: Hearty Individualism, is what we expect from all. Unless you happen to be a bank, or wall street brokerage firm. Then we'll come to your aid in a flash, with the cash.

    December 20, 2012 09:16 pm at 9:16 pm |
  4. J'Cincinnati'Redd

    You see what I mean now? house speaker please ditch the tea party now. the tea party is going down, why should we let them drag the GOP down with them? OmG!I know so many dems who are not happy with the far left. we have a chance in a few years to make a strong come back. please speaker we both bleed Ohio river blood. Drop the tea party make a deal with obama, and get our party back!

    December 20, 2012 10:12 pm at 10:12 pm |
  5. Jerubbaal

    Boehner cannot ram his own proposals through the repub led Congress. It takes two to negotiate a deal and Boehner has proven to be an unreliable partner with no control of his conference, so how would he be able to pass a negotiated deal?

    December 20, 2012 10:14 pm at 10:14 pm |
  6. anonoymous

    I can see it now "why did the reps lose the house majority in 2014". somehow the games of the last 4 years are still being played but dont worry you wont get another chance.

    December 20, 2012 10:24 pm at 10:24 pm |