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What exactly happens if/since were going over the cliff?

Posted by on Dec. 31, 2012 at 4:41 PM
  • 13 Replies
Im not into politics, I try to keep up. But yea idk.

Were a middle class family of soon to be(nthis month!) 5. What/how will this affect us?
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by on Dec. 31, 2012 at 4:41 PM
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Replies (1-10):
emeraldangel2.0
by on Dec. 31, 2012 at 4:42 PM

paycheck's going to be smaller

CheyennesMommy2
by Bronze Member on Dec. 31, 2012 at 4:57 PM
I keep heating grocerys, utilitys ect..loans, land tax ..is all going to go up?

Quoting emeraldangel2.0:

paycheck's going to be smaller

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Erinelizz
by Bronze Member on Dec. 31, 2012 at 5:02 PM
They are going to withhold more money from your paycheck each week. Could add up to a couple thousand a year, depending on how much you make.


Quoting CheyennesMommy2:

I keep heating grocerys, utilitys ect..loans, land tax ..is all going to go up?



Quoting emeraldangel2.0:

paycheck's going to be smaller


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Aivlys_
by Member on Dec. 31, 2012 at 5:03 PM
Most Americans will pay higher taxes, it will cause prices to go up on just about everything!
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lga1965
by Ruby Member on Dec. 31, 2012 at 5:03 PM

 Higher taxes, which of course will take more out of your paychecks. Fewer deductions when you file taxes. Who knows what else.

CheyennesMommy2
by Bronze Member on Dec. 31, 2012 at 5:24 PM
Oh. I dont work, my husband. Does. I hope something can be done.

Quoting Erinelizz:

They are going to withhold more money from your paycheck each week. Could add up to a couple thousand a year, depending on how much you make.




Quoting CheyennesMommy2:

I keep heating grocerys, utilitys ect..loans, land tax ..is all going to go up?





Quoting emeraldangel2.0:

paycheck's going to be smaller


Posted on CafeMom Mobile
Erinelizz
by Bronze Member on Dec. 31, 2012 at 5:38 PM
Me too! Economists say going over the cliff could damage the economy worse than it already is, and not many people can afford to bring home less money. Such a mess.


Quoting CheyennesMommy2:

Oh. I dont work, my husband. Does. I hope something can be done.



Quoting Erinelizz:

They are going to withhold more money from your paycheck each week. Could add up to a couple thousand a year, depending on how much you make.






Quoting CheyennesMommy2:

I keep heating grocerys, utilitys ect..loans, land tax ..is all going to go up?







Quoting emeraldangel2.0:

paycheck's going to be smaller



Posted on the NEW CafeMom Mobile
Dzyre1115
by Silver Member on Dec. 31, 2012 at 5:39 PM

 Unless you are solely on Welfare or Social Security, you're screwed!

maciymommieof3
by Silver Member on Dec. 31, 2012 at 5:43 PM

 They get to say that "we are voting to lower the taxes" .....big whoopie do! (if you ask me)

little.worthen
by Tess on Dec. 31, 2012 at 5:46 PM
Federal funding for a ton of stuff will be gone, they will ask to raise the debt cealing and borrow money from someone like china, or if they can't borrow money, then the only option is to not pay people or programs. We will go into a huge recession, the price of food will rocket, along with everything else, there will be a ton of hyperinflation. we will all become socialists and the country will go to hell.

Either that or it will force Obama to stop wasting money and cut back on his insane spending habits which doesn't sound that bad.
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