First, it is very common political rhetoric for one side (in this case, Republicans) to go before the cameras and blame the other side, or to say the president never met with them. But newspaper reports tell a different story. According to various newspapers, President Obama has been meeting with certain key Republicans all along. It is difficult to say how many meetings were held, but they did occur, and there is documentation of that. On the other hand, during the Fiscal Cliff talks, there was a separate bipartisan committee meeting in the Senate, also trying to come up with a deal. And during the sequester talks, there is a similar process, where a group of senators are meeting, while President Obama has also held talks with Republican leaders.
But that has not stopped certain Republican members from complaining there have not been enough meetings with the president. The Republicans object to the president holding what they say are "campaign style" events to rally public support to his plan for solving the fiscal crisis. This aspect of presidential politics is always annoying to the party that is not in power, and understandably so. But there is still considerable evidence that the president, in addition to holding political events, has also met with Republicans to discuss possible solutions.
the definition of fiscal cliff has to do with the taxes and now, in December of 2012, Obama said that the wealthy will pay more
The fiscal cliff is temporay over for the next two months
Yes, Obama signed the bill on Wednesday, Jan. 2, 2012, the day after it was passed.
HOW CAN ZAMBIAN ECONOMISTS LEARN FROM FISCAL CLIFF November 20, 2012 | Filed under: Business | Posted by: adminWHAT CAN ZAMBIAN ECONOMIST LEARN FROM FISCAL CLIFF - USAYou're probably hearing a lot about this "fiscal cliff" thing nowadays. But unless you live in DC, work on Wall Street, or sleep with a copy of Pete Peterson's autobiography tucked under your pillow, it's possible that you have no idea why everyone is freaking out. Luckily, your ignorance can be cured. By learning some rudimentary facts about the fiscal cliff, you'll be able to pontificate on today's political and economic landscape like a pro, and you'll have ammo to impress your friends at cocktail parties between now and the New Year.WHAT IS FISCAL CLIFF?It's fiscal. As in, relating to government finances. Well, Fed Chairman Ben Bernanke coined the term "fiscal cliff" last February. And it caught on, despite the fact that it doesn't do a very good job of explaining the potential consequences of a failure to reach a deal. After all, the spending cuts and tax changes that would kick in on January 1 wouldn't destroy the economy overnight. They would kick in slowly, and intensify over the course of months. So people are saying that, instead of evoking terror with the name "fiscal cliff," we should call it the "fiscal slope" or the "fiscal obstacle course."President George W. Bush signed a massive round of tax cuts. The tax cuts were supposed to expire ten years later, in 2011. President Obama later extended the expiration date to January 1, 2013. After that, your rates will go back up to the rates you paid in 2001. A bunch of other tax changes, like the expiration of a "payroll tax holiday" and the elimination of some tax credits, will also hit on January 1, meaning that no matter how much you pay now, you'll probably pay more after the new year unless there's a deal.A lot of Republicans think any tax hikes are evil and fascist and anti-growth. And Democrats, led by President Obama, have promised to increase taxes on the wealthy to help close the deficit, while keeping the rates paid by the middle class more or less where they are. So basically, you have plenty of room to hate just about anyone you like.Well, the other major part of the fiscal cliff is the implementation of the sequester. The sequester is a fancy word for a set of deep spending cuts that will kick in automatically in January if there's no deal. These cuts were dreamed up in 2011, when the Budget Control Act was passed, to motivate Democrats and Republicans to work together on a compromise for reducing the deficit by making them scared of what would happen if they didn't.THE QUESTION is how can Zambia reduce its deficit? This is the time Zambian economists should pay attention, watch every activity the Obama government is doing. Well, I know that the economies are different but certain information can help Zambia. Its time Zambia reduces its debt and manage the economy better
Robin and Company - 2005 Fiscal Cliff Vote was released on: USA: 1 January 2013
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
Fox Business - 2007 Fiscal Cliff and the Auto Industry was released on: USA: 30 November 2012
Military pay is exempt from the spending cuts included in the "fiscal cliff." Other major programs exempt include Social Security, Medicaid and veterans' benefits.
Their is a fiscal cliff because the government/America is 16 trillion dollars in dept and we need to figure out away to pay off the dept. The fiscal cliff will bring in money by raising taxes or cutting government spending. At this point for the next two months the government has chose to raise taxes on the 2% that make 450,000 dollars a year.
Cliff scaling can be interpreted two ways. If someone is scaling the fiscal cliff, they are trying to manage cash flow so that cash does not run out. If a person is climbing a rocky overhang or the side of a mountain, they are cliff scaling.
fiscal cliff is the situation which U.S. government faced at the end of 2012 when the expiry of tax cut and across the board government spending cuts has reached. this
America !