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VelocityShares Daily 2x VIX ST ETN Message Board

  • sunbrey sunbrey Nov 19, 2012 2:18 PM Flag

    Fiscal Cliff vs Debt Ceiling ... who has the advantage

    Well I gotta say this friendliness between the Rep's & Dem's is throwing me off! But something seems fishy, something just doesn't seem right.

    So everyone thinks that a deal is going to have to get done because the Rep's don't have any leverage. But looking that there is just $154B before the ceiling gets hit and they are spending $120B per month it seems that the Reps might just be biding time.

    Who has the advantage ...

    Dem's have the Bush Tax Cut's Expiring & Increased Taxes & Defense Cuts


    Rep's have Debt Ceiling & Entitlement cuts


    The Rep's are dead set on reducing taxes & Entitlements

    The Dem's are dead set on increasing taxes for $250k+ earners & keeping entitlements.

    I can't see why everyone thinks a deal is going to be reached? There is something really fishy about all this. They couldn't come to terms last time & this time the debt ceiling can be held off until Mid February. And going over the cliff is something that is doable unlike the debt ceiling.

    And Buffet is making comments like "If we go over the cliff for 1 or 2 months it's not going to hurt the US economy." ... these are very interesting statements.


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