Senate passes 'fiscal cliff' deal



productionhead said:
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VinBed said:
A few killer combos I can see working:

Entire Military budget + All of Social Security

Entire Military budget + veterans affairs, DEA, FBI, department of education, reductions to medicare

Health and human services + social security

All of these are apocalyptic in terms of unemployment rates hitting the roof, but something needs to give.
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30 million new jobs..

..oh wait, I'm sorry. This is the United Staes, and we don't believe in jobs in the United States any more. All we care about is debt and austerity. Because austerity works! Besides what have jobs ever done for a national economy?
 
Moxie said:
Nearly 90% of both parties voted for it in the senate. If it doesn't pass the house then that would mean that at least one party is in disarray (not that that would be a bad thing).


Congressional Bills and Votes - NYTimes.com

I'm wondering if there is a reason why both the dem and repub from Iowa voted no.
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I think the most likely outcome is that the House sends an amended version of the bill back to the Senate, with significant spending cuts added.

This is all one big ass game of hot potato, not just between Democrats and Republicans, but also between the House and the Senate.
 
MSTeacher said:
30 million new jobs..

..oh wait, I'm sorry. This is the United Staes, and we don't believe in jobs in the United States any more. All we care about is debt and austerity. Because austerity works! Besides what have jobs ever done for a national economy?
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Well, there are some other factors in play here.

We're inching closer and closer to moving a significant portion of manufacturing back to the US. 3D printing is some serious shit, especially when it gets into every home.

There are a few other technologies that will eliminate manual labor jobs. Even in IM - automation eliminates so many tasks that would otherwise be done manually, even the skilled stuff - like PPC management, for example, can be done very efficiently by scripts and AI.

Jobs, as we know them today, are an endangered species heading towards extinction.

What will that mean for the US as a nation? No idea. What does need to happen, is that a lot of people are going to need to shift into creative or scientific fields in order to survive in a nation running on machine automation.
 
VinBed said:
Well, there are some other factors in play here.

We're inching closer and closer to moving a significant portion of manufacturing back to the US. 3D printing is some serious shit, especially when it gets into every home.

There are a few other technologies that will eliminate manual labor jobs. Even in IM - automation eliminates so many tasks that would otherwise be done manually, even the skilled stuff - like PPC management, for example, can be done very efficiently by scripts and AI.

Jobs, as we know them today, are an endangered species heading towards extinction.

What will that mean for the US as a nation? No idea. What does need to happen, is that a lot of people are going to need to shift into creative or scientific fields in order to survive in a nation running on machine automation.
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Man you smoke that good kush
 
VinBed said:
Jobs, as we know them today, are an endangered species heading towards extinction.
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I don't buy too far into this idea. I agree in the long term sense that yes, automation continues to redefine skilled labor etc. But more countries are undeveloped and underdeveloped than are developed. There's no shortage of need for manufacturing and skilled labor to produce exports for these world markets. Not to mention our country will crumble and fall apart in the next 50 years and that will require some attention. And we're a long way from replacing electricians, framers, bricklayers, pavers, etc. with automated machines, although I'm sure that will happen too eventually if we don't blow ourselves up first.

That and I don't generally support race to the bottom outsourcing so it's hard for me to reconcile the fact that every other material object I own was produced by sweatshop labor with the idea that 'jobs as we know them are an endangered species heading towards extinction.' Don't really want to pursue that here though.

Point taken though, things will continue to change.

What will that mean for the US as a nation? No idea. What does need to happen, is that a lot of people are going to need to shift into creative or scientific fields in order to survive in a nation running on machine automation.
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Agreed, and well said. I often wonder, automation seems to imply a continued consolidation of capital as fewer and fewer human resources are required to sustain markets. Where then will these laborers who once received paychecks from business owners generate capital for the necessities and commodities of a basic standard of living without employment opportunities to match their skills? I guess they'll either shift their skills or fade away.
 
As far as I'm concerned, they should all be put in an old school bus and shoved off an actual cliff. I'll even pay for the bus and the brick to put on the gas pedal!
 
When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of $3 of spending cuts to $1 in tax increases and $2 of spending cuts to $1 in tax increases.


“In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents. “The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency.


"In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
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CBO Revises Fiscal Cliff Deal Rating
 
VinBed said:
Speaking of which, the marijuana industry is probably the investment of the decade.
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I can't wait until I can buy pot in Colorado and take it to states where it's still illegal. No more weed that occasionally smells like gasoline.
 
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