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Costs of Falling Off The Fiscal Cliff

WBNG -- (WBNG Binghamton) The U.S. Government is running out of time to approve a deal that avoids going over the fiscal cliff.

If no deal is reached there is already speculation on how the tax hikes and budget cuts will affect our daily lives.

The last thing Tatiana Anderson wants to hear while getting her weekly groceries, is that falling off the fiscal cliff would mean higher prices in supermarkets.

"The prices are already ridiculous now for groceries, you know you have to feed a family of 4 you're talking $600-800 now for groceries a month just for the essentials," said Anderson from Endwell.

...

Prices at the pump all boil down to supply and demand.

Add that to cheaper crude oil prices that AAA is reporting, and people could see gas prices closer to $2.00 a gallon.

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Submitted Dec 30, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 2, 2013 11:00:52 PM Ignore honda0105 Report Abuse payroll will still be smaller for most Americans, even w/ the tax cuts remaining in place.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 1, 2013 10:57:59 PM Ignore honda0105 Report Abuse Happy 2013 everyone!
tomok Champion Author Portland Posts:33,606 Points:2,374,185 Joined:Aug 2006	Message Posted: Jan 1, 2013 1:50:59 AM Ignore tomok Report Abuse Costs of Falling Off The Fiscal Cliff? What Me Worry! Better Yet! – Go Take A Flying Leap For All I Care! Higher taxes coming, Stop Sneeky from spending more and more money than what is available and having the taxpayers pay for his 'Spending Gone Wild' attitude. 'Coming Out of the Closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII! - The Day After......
JimL1 Champion Author Phoenix Posts:8,319 Points:1,259,470 Joined:Jul 2003	Message Posted: Dec 31, 2012 3:04:38 AM Ignore JimL1 Report Abuse But none of the cuts will reduce the perks of the legislators who are not willing to do what is necessary to avoid the fiscal cliff, they still get their health care and their lifelong pension for only serving as little as two years. No wonder they do not care.
goldseeker Champion Author West Virginia Posts:19,763 Points:2,747,490 Joined:Sep 2005	Message Posted: Dec 31, 2012 2:39:08 AM Ignore goldseeker Report Abuse My wallet has already fallen off the cliff!
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,470 Joined:Sep 2009	Message Posted: Dec 31, 2012 2:36:28 AM Ignore mcmonsta Report Abuse the fun and games of government for the people and by the people??##!!
Packman3231 All-Star Author Oregon Posts:638 Points:1,877,010 Joined:Jun 2004	Message Posted: Dec 31, 2012 1:55:21 AM Ignore Packman3231 Report Abuse One could hope for lower gas prices, but the oil companies will find a way to get higher profits.
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Dec 31, 2012 12:26:37 AM Ignore Gnusman53 Report Abuse still clueless mstearno
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Dec 30, 2012 11:54:02 PM Ignore Gnusman53 Report Abuse sorry hmw ...wrong again..... as usual
us4usa Champion Author Missouri Posts:6,125 Points:1,138,560 Joined:May 2008	Message Posted: Dec 30, 2012 11:53:23 PM Ignore us4usa Report Abuse Anyone think we can spend ourself out of debt, besides DC??? If yes do it on your dime... I'm not a big fan of higher tax for anyone, but you should pay the taxes at your rate, so stop all the loop holes and pay that rate... Only one way to fix DC, term limits...
Amplion Champion Author Oregon Posts:6,926 Points:1,893,735 Joined:Sep 2005	Message Posted: Dec 30, 2012 11:47:24 PM Ignore Amplion Report Abuse BRING IT ON !!!
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Dec 30, 2012 11:23:18 PM Ignore rahcat Report Abuse I hope we go over the fiscal cliff. This will be Obama's legacy.
VikingWoman Champion Author Washington Posts:1,451 Points:279,530 Joined:May 2012	Message Posted: Dec 30, 2012 11:21:33 PM Ignore VikingWoman Report Abuse Recent history tells me that as soon as they decide the outcome of the Fecal Cliff they will vote themselves a vacation! I wondered why $400k is the magic number for taxes so I did a little research. The average congressman salary will increase to $174,900 in 2013. Consider spousal and investment income and they probably exceed Obama's $250k pretty fast. That's why they want the limit raised to $400k. This will ensure they can make more without a tax increase. I wish I had it so good and I have a better than average job earning a little over $21/hour.
mrreferee Champion Author Savannah Posts:1,366 Points:581,230 Joined:Jun 2011	Message Posted: Dec 30, 2012 11:14:38 PM Ignore mrreferee Report Abuse The only people to suffer will be 'joe everyone' not the idiot politicians who have more entitlement than they should
investmentdr Champion Author Cleveland Posts:4,127 Points:1,480,910 Joined:Sep 2008	Message Posted: Dec 30, 2012 11:14:14 PM Ignore investmentdr Report Abuse we're going over...
Tsunamiron Champion Author Jacksonville Posts:1,574 Points:586,500 Joined:Mar 2011	Message Posted: Dec 30, 2012 11:13:58 PM Ignore Tsunamiron Report Abuse We need to fire congress. If a deal isn't met, then I will lose my house. Barely getting by, I can't afford any higher expenses such as in taxes.
GallowayB All-Star Author Ohio Posts:518 Points:484,915 Joined:Jul 2007	Message Posted: Dec 30, 2012 11:08:10 PM Ignore GallowayB Report Abuse There was just an election and the American people voted to keep the same government in power that set-up the Fiscal Cliff. America gets the government it voted for. America voted for Obama and he'll drive the bus over the cliff while pointing at anybody else.
movietracker All-Star Author Pennsylvania Posts:695 Points:162,790 Joined:Mar 2011	Message Posted: Dec 30, 2012 11:07:04 PM Ignore movietracker Report Abuse Old news
Rednix Champion Author Miami Posts:6,298 Points:1,304,185 Joined:Jul 2009	Message Posted: Dec 30, 2012 11:06:42 PM Ignore Rednix Report Abuse The prices are ridiculous. The president and congress need to get their act together. This could define his presidency.
pgerassi Champion Author Milwaukee Posts:11,041 Points:2,160,970 Joined:Apr 2007	Message Posted: Dec 30, 2012 11:05:54 PM Ignore pgerassi Report Abuse Gas, oil and food prices should drop off the same fiscal cliff given that demand is going down.
mk9999 Champion Author Rochester Posts:8,055 Points:1,701,545 Joined:Aug 2008	Message Posted: Dec 30, 2012 11:04:50 PM Ignore mk9999 Report Abuse Stupid congress.
cheaper0ON Champion Author Ontario Posts:1,128 Points:426,730 Joined:Jan 2012	Message Posted: Dec 30, 2012 11:04:46 PM Ignore cheaper0ON Report Abuse Who cares???
monarch57 Champion Author British Columbia Posts:1,657 Points:138,790 Joined:Nov 2008	Message Posted: Dec 30, 2012 11:04:30 PM Ignore monarch57 Report Abuse That means more people going to the food banks, I started going this year for the first time.
CollegeMan21 All-Star Author Colorado Posts:840 Points:459,925 Joined:Sep 2006	Message Posted: Dec 30, 2012 11:03:02 PM Ignore CollegeMan21 Report Abuse If my team of employees would take this long to make a solution, our butts would be in a sling. We have deadlines, we have due dates. We have to make an obligation to make the customers happy and make the product work. My solution, stop voting these morons into Congress. I am not pointing fingers at just my President, I am pointing at everyone. Democrats stop bickering, Republicans, shut up. Get it written up and make agreements, make compromises. Make cuts, cut spending. Simple, they have had 12 months to figure this out. This Congress does not need anymore.
jellybelly72 Veteran Author San Bernardino Posts:476 Points:323,930 Joined:Jul 2011	Message Posted: Dec 30, 2012 11:01:02 PM Ignore jellybelly72 Report Abuse political crap again, if they cant agree cut their pay down to minimum wage!
gougenator Champion Author Dallas Posts:30,048 Points:3,271,875 Joined:Aug 2003	Message Posted: Dec 30, 2012 10:55:39 PM Ignore gougenator Report Abuse gas prices fall off the cliff too ,well theres the silver lining and politics aside WHERES THE GAS PRICES DISCUSSION? [Edited by: gougenator at 12/30/2012 11:58:55 PM EST]
Doomsday64 All-Star Author Austin Posts:905 Points:353,350 Joined:Apr 2011	Message Posted: Dec 30, 2012 10:50:47 PM Ignore Doomsday64 Report Abuse It's all wait and see.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Dec 30, 2012 10:50:04 PM Ignore mstearno Report Abuse congressional pay raises are a partial drop in the bucket Obama wants the retro tax cuts to be Obama tax cuts so we'll think he's great long after we've been over the cliff
montana920 Champion Author Chicago Posts:8,983 Points:1,686,150 Joined:Oct 2008	Message Posted: Dec 30, 2012 10:48:04 PM Ignore montana920 Report Abuse Has anybody else noticed that Congress has voted itself a payraise? I wonder why this is not getting much press. I only saw one itty bitty article burried in the news
The_DR Champion Author New Jersey Posts:2,925 Points:613,515 Joined:Aug 2011	Message Posted: Dec 30, 2012 10:45:47 PM Ignore The_DR Report Abuse Whatever
Gas4Gore Champion Author Detroit Posts:2,529 Points:445,200 Joined:Jan 2010	Message Posted: Dec 30, 2012 10:42:16 PM Ignore Gas4Gore Report Abuse It would normally be enough to get rid of an incumbent president.
FrankTA2 Champion Author New York Posts:4,407 Points:1,122,440 Joined:Jun 2007	Message Posted: Dec 30, 2012 10:41:30 PM Ignore FrankTA2 Report Abuse The republicans need to get their act together.
oilfreak All-Star Author Houston Posts:707 Points:38,185 Joined:Oct 2012	Message Posted: Dec 30, 2012 10:41:11 PM Ignore oilfreak Report Abuse Let time make the politicians learn the hard way.
Hybrid923 Sophomore Author Ottawa Posts:206 Points:147,270 Joined:Aug 2012	Message Posted: Dec 30, 2012 10:38:32 PM Ignore Hybrid923 Report Abuse ok
69Bonne Champion Author Gary Posts:1,261 Points:494,120 Joined:Sep 2005	Message Posted: Dec 30, 2012 10:38:13 PM Ignore 69Bonne Report Abuse Who knows where it's going to go.
jodybull All-Star Author El Paso Posts:767 Points:140,880 Joined:May 2012	Message Posted: Dec 30, 2012 10:37:13 PM Ignore jodybull Report Abuse fiscal cliff??? stupid!
Bildawg Champion Author Ohio Posts:1,091 Points:504,995 Joined:Oct 2011	Message Posted: Dec 30, 2012 10:30:25 PM Ignore Bildawg Report Abuse Help we've fallen and cant get up!!
catladyNM Veteran Author New Mexico Posts:360 Points:189,870 Joined:May 2012	Message Posted: Dec 30, 2012 10:29:02 PM Ignore catladyNM Report Abuse All I am hearing is taxes are going up! Gas prices are going down but we will end at the same price or worse in the end. [Edited by: catladyNM at 12/30/2012 11:30:44 PM EST]
zachlCA Champion Author California Posts:3,707 Points:680,410 Joined:Jun 2011	Message Posted: Dec 30, 2012 10:27:57 PM Ignore zachlCA Report Abuse If we wanted to get serious about our problems then we need to start here, 10% spending cuts across the board in every aspect of government, and modest tax increases across the board as well. But we have crooks and dummies as are leaders of choice so we have dug are own grave.
toadNY Champion Author Albany Posts:7,193 Points:1,541,825 Joined:Apr 2008	Message Posted: Dec 30, 2012 10:23:29 PM Ignore toadNY Report Abuse Not being one of the rich my Taxes will only go Up by about $6,662 dollars! Give or take. Thank you obama, hows the many vacations you have taken on Tax Payers money?
comprof Champion Author Houston Posts:7,015 Points:1,385,425 Joined:Jul 2009	Message Posted: Dec 30, 2012 10:21:14 PM Ignore comprof Report Abuse Deficit spending is much worse!
SandeeC Champion Author Ontario Posts:3,129 Points:477,510 Joined:Apr 2011	Message Posted: Dec 30, 2012 10:21:09 PM Ignore SandeeC Report Abuse It's all wait and see...
BREW9 Champion Author Tampa Posts:1,025 Points:2,940,635 Joined:Jun 2004	Message Posted: Dec 30, 2012 10:20:17 PM Ignore BREW9 Report Abuse ok
mrbee Champion Author Little Rock Posts:3,898 Points:2,494,335 Joined:Oct 2005	Message Posted: Dec 30, 2012 10:18:09 PM Ignore mrbee Report Abuse Who knows?
THX138 Champion Author San Francisco Posts:2,653 Points:1,038,890 Joined:Apr 2010	Message Posted: Dec 30, 2012 10:16:38 PM Ignore THX138 Report Abuse Done! NO DEAL!
Dragnet Champion Author Arizona Posts:15,553 Points:2,935,485 Joined:Jul 2004	Message Posted: Dec 30, 2012 10:13:46 PM Ignore Dragnet Report Abuse It's always this political garbage. Fire Obummer would be the answer. He thinks he's god
chillyman3 Champion Author Illinois Posts:1,355 Points:446,140 Joined:Jan 2012	Message Posted: Dec 30, 2012 10:13:02 PM Ignore chillyman3 Report Abuse let the wealth pay MORE taxes
serrog Champion Author Nova Scotia Posts:5,710 Points:1,540,805 Joined:Oct 2008	Message Posted: Dec 30, 2012 10:05:55 PM Ignore serrog Report Abuse Self serving fools
wayoung56 Champion Author Alabama Posts:2,925 Points:845,985 Joined:Oct 2006	Message Posted: Dec 30, 2012 10:03:16 PM Ignore wayoung56 Report Abuse Hmmm...
BMWer Champion Author Calgary Posts:2,191 Points:1,692,125 Joined:Dec 2003	Message Posted: Dec 30, 2012 10:02:53 PM Ignore BMWer Report Abuse Is it too late?..and what will the end result be?