Does the looming "fiscal cliff" coming Jan 1st 2013 have you terrified? Worried? Clueless?

  • Get a Free Rabbit Vibe with Orders $59+

Does the looming "fiscal cliff" coming Jan 1st 2013 have you terrified? Worried? Clueless?

Bignuf Bignuf
Come Jan 1st, when the Bush tax cuts expire, we are facing an family tax increase of about $4000 to $4800 for all working families in the USA. We are facing another possible $6000 or more in increased fuel, food, health care and other costs directly from this "fiscal cliff".

Does the prospect of another $10,000 or so out of your family budget fro the year scare the heck out of you, or have you already planned it in, or do you just don't care?

How will you deal with Jan 2nd on, financially?
11/10/2012
  • Buy 3 Items for $70
  • Buy 3 Items for $50
  • Buy 3 Items for $30
  • Save 20% on Luxury Toys
  • Add Some Buzz To Your Favourite Toy & Save 60% On Kit
  • 1
  • 2
  • 3
  • 4
  • 5
All promotions
Gunsmoke Gunsmoke
I believe coverage so far is 'the sky is falling' - I don't believe that.

I do believe that a new recession will result from it and there are already too many people out of work - so the timing isn't great.

I do feel a little guilty that our (baby boomers) unwillingness to live within our means will have to be paid for by our grandchildren. The fiscal deficit is way too large - there are no easy answers.
11/10/2012
subwayrailings subwayrailings
I didn't know about this , (Am not american.) Sounds terrifying !
11/10/2012
Ryuson Ryuson
Because I'm going to be a student for 4 more years, getting minimum wage summer jobs to pay for books, things will be settled down by the time I have to worry about it seriously.
11/10/2012
gsfanatic gsfanatic
The real thing is that it'll return things to the way they were in 2000, which people were already surviving and doing quite well economically. It'll be a shock, but people will adapt as usual
11/10/2012
js250 js250
I am so broke now--it really will not make much difference. I may have to close my retail business, but since everyone else has been doing this and it has already affected my means of supporting myself, it is an issue that will be dealt with as the time comes.
11/10/2012
Bignuf Bignuf
Quote:
Originally posted by Ryuson
Because I'm going to be a student for 4 more years, getting minimum wage summer jobs to pay for books, things will be settled down by the time I have to worry about it seriously.
School loan rates may skyrocket. Tuition would go up, housing and supplies would all go up as well. should be as should be as concerned about this h as anyone!
12/06/2012
Rod Ronald Rod Ronald
I'm not worried.
12/06/2012
Total posts: 8
Unique posters: 7