In response to:

My ‘Fiscal Cliff’ Prediction

David482 Wrote: Jun 04, 2012 10:05 AM
For starters, impose high tariffs on imports and bring the factories and millions of Middle Class "tax paying" jobs back home. Second, deport all illegal aliens and give their stolen jobs to our 22% unemployed. This measure would also greatly reduce the amount of money being wasted on the welfare of Mexico's rejects . Third, terminate the H1B visa program and give these jobs back to educated Americans. Fourth, end all corporate welfare and foreign aid. Fifth, ban all government unions (FDR's suggestion). In the future, pay the Government workers the same wages and benefits their civilian counterparts are making. And, sixth, bring our troops home and put them at the border....There are others but no space.
SteveandJag Wrote: Jun 04, 2012 12:34 PM
UM, "impose high tariffs on imports" Like Smoot-Hawley"? The Smoot-Hawley that de globalized the world in 33 and beyond?

With a far greater inter globalized economy, you want to destroy that economy? Well, it would bring about the chaos and anarchy we will see soon, even faster and it will be made far worse with your idea.
Daddio7 Wrote: Jun 04, 2012 12:48 PM
The world has changed immensely in eighty years. Stable world wide banking, huge container ships, instant communications. Without tariffs on foreign imports American workers will be unemployed or work for the global wage of two dollars an hour. You elites love your cheap stuff but the starving peasants will bring out the torches and pitchforks is you don't keep the bread and circuses coming.
silentCalfan Wrote: Jun 05, 2012 3:32 AM
The Smoot-Hawley tariffs of 1930 provoked retaliatory tariffs by other nations, reduced our exports and imports by two-thirds, closed our factories, and threw millions of Americans out of work. Not a good plan. Nothing has changed. Pres Bush raised a steel tariff in 2001, and Europe immediately retaliated, so Bush had to rescind the tariff within 6 months.

Policymakers have been kicking the fiscal policy can down the road for years. That can is going to reappear shortly after the November elections when policymakers will be forced to confront scheduled tax increases, mandated spending cuts, and – once again – the debt ceiling. (I’m assuming, quite confidently, that nothing gets resolved before the elections.) The combination of events is being called the “fiscal cliff” as the failure to resolve these issues would cause the economy to go back into recession in 2013 according to conventional economic forecasters.

The Congressional Budget Office recently upped the alarm ante with its