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GasBuddy News Article

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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.


Read the Full Article

Submitted Dec 30, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Costs of Falling Off The Fiscal Cliff Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Jan 3, 2013 12:00:52 AM

payroll will still be smaller for most Americans, even w/ the tax cuts remaining in place.
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Jan 1, 2013 11:57:59 PM

Happy 2013 everyone!
tomok
Champion Author Portland

Posts:46,219
Points:3,122,860
Joined:Aug 2006
Message Posted: Jan 1, 2013 2:50:59 AM

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:11,167
Points:1,917,770
Joined:Jul 2003
Message Posted: Dec 31, 2012 4:04:38 AM

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:23,706
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Joined:Sep 2005
Message Posted: Dec 31, 2012 3:39:08 AM

My wallet has already fallen off the cliff!
mcmonsta
Champion Author Honolulu

Posts:6,174
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Joined:Sep 2009
Message Posted: Dec 31, 2012 3:36:28 AM

the fun and games of government for the people and by the people??##!!
Packman3231
All-Star Author Oregon

Posts:890
Points:2,563,005
Joined:Jun 2004
Message Posted: Dec 31, 2012 2:55:21 AM

One could hope for lower gas prices, but the oil companies will find a way to get higher profits.
Gnusman53
Champion Author San Diego

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Points:1,870,545
Joined:Feb 2004
Message Posted: Dec 31, 2012 1:26:37 AM

still clueless mstearno
Gnusman53
Champion Author San Diego

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Joined:Feb 2004
Message Posted: Dec 31, 2012 12:54:02 AM

sorry hmw ...wrong again..... as usual
us4usa
Champion Author Missouri

Posts:7,158
Points:1,561,975
Joined:May 2008
Message Posted: Dec 31, 2012 12:53:23 AM

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

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Message Posted: Dec 31, 2012 12:47:24 AM

BRING IT ON !!!
rahcat
Champion Author Grand Rapids

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Message Posted: Dec 31, 2012 12:23:18 AM

I hope we go over the fiscal cliff. This will be Obama's legacy.
VikingWoman
Champion Author Washington

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Points:996,480
Joined:May 2012
Message Posted: Dec 31, 2012 12:21:33 AM

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

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Message Posted: Dec 31, 2012 12:14:38 AM

The only people to suffer will be 'joe everyone' not the idiot politicians who have more entitlement than they should
investmentdr
Champion Author Cleveland

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Message Posted: Dec 31, 2012 12:14:14 AM

we're going over...
Tsunamiron
Champion Author Jacksonville

Posts:4,536
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Joined:Mar 2011
Message Posted: Dec 31, 2012 12:13:58 AM

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:548
Points:619,265
Joined:Jul 2007
Message Posted: Dec 31, 2012 12:08:10 AM

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

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Message Posted: Dec 31, 2012 12:07:04 AM

Old news
Rednix
Champion Author Miami

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Message Posted: Dec 31, 2012 12:06:42 AM

The prices are ridiculous. The president and congress need to get their act together. This could define his presidency.
pgerassi
Champion Author Milwaukee

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Message Posted: Dec 31, 2012 12:05:54 AM

Gas, oil and food prices should drop off the same fiscal cliff given that demand is going down.
mk9999
Champion Author Rochester

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Message Posted: Dec 31, 2012 12:04:50 AM

Stupid congress.
cheaper0ON
Champion Author Ontario

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Message Posted: Dec 31, 2012 12:04:46 AM

Who cares???
monarch57
Champion Author British Columbia

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Message Posted: Dec 31, 2012 12:04:30 AM

That means more people going to the food banks, I started going this year for the first time.
CollegeMan21
Champion Author Colorado

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Message Posted: Dec 31, 2012 12:03:02 AM

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
All-Star Author San Bernardino

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Message Posted: Dec 31, 2012 12:01:02 AM

political crap again, if they cant agree cut their pay down to minimum wage!
gougenator
Champion Author Dallas

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Points:3,992,450
Joined:Aug 2003
Message Posted: Dec 30, 2012 11:55:39 PM

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

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Message Posted: Dec 30, 2012 11:50:47 PM

It's all wait and see.
mstearno
Champion Author Dayton

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Message Posted: Dec 30, 2012 11:50:04 PM

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:12,267
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Message Posted: Dec 30, 2012 11:48:04 PM

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

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Message Posted: Dec 30, 2012 11:45:47 PM

Whatever
Gas4Gore
Champion Author Detroit

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Joined:Jan 2010
Message Posted: Dec 30, 2012 11:42:16 PM

It would normally be enough to get rid of an incumbent president.
FrankTA2
Champion Author New York

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Joined:Jun 2007
Message Posted: Dec 30, 2012 11:41:30 PM

The republicans need to get their act together.
oilfreak
All-Star Author Houston

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Joined:Oct 2012
Message Posted: Dec 30, 2012 11:41:11 PM

Let time make the politicians learn the hard way.
Hybrid923
Sophomore Author Ottawa

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Joined:Aug 2012
Message Posted: Dec 30, 2012 11:38:32 PM

ok
69Bonne
Champion Author Gary

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Joined:Sep 2005
Message Posted: Dec 30, 2012 11:38:13 PM

Who knows where it's going to go.
jodybull
All-Star Author El Paso

Posts:767
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Joined:May 2012
Message Posted: Dec 30, 2012 11:37:13 PM

fiscal cliff??? stupid!
Bildawg
Champion Author Ohio

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Joined:Oct 2011
Message Posted: Dec 30, 2012 11:30:25 PM

Help we've fallen and cant get up!!
catladyNM
All-Star Author New Mexico

Posts:580
Points:522,500
Joined:May 2012
Message Posted: Dec 30, 2012 11:29:02 PM

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:6,915
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Joined:Jun 2011
Message Posted: Dec 30, 2012 11:27:57 PM

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:10,335
Points:2,290,650
Joined:Apr 2008
Message Posted: Dec 30, 2012 11:23:29 PM

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:10,347
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Joined:Jul 2009
Message Posted: Dec 30, 2012 11:21:14 PM

Deficit spending is much worse!
SandeeC
Champion Author Ontario

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Joined:Apr 2011
Message Posted: Dec 30, 2012 11:21:09 PM

It's all wait and see...
BREW9
Champion Author Tampa

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Message Posted: Dec 30, 2012 11:20:17 PM

ok
mrbee
Champion Author Little Rock

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Message Posted: Dec 30, 2012 11:18:09 PM

Who knows?
THX138
Champion Author San Francisco

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Message Posted: Dec 30, 2012 11:16:38 PM

Done! NO DEAL!
Dragnet
Champion Author Arizona

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Message Posted: Dec 30, 2012 11:13:46 PM

It's always this political garbage. Fire Obummer would be the answer. He thinks he's god
chillyman3
Champion Author Illinois

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Message Posted: Dec 30, 2012 11:13:02 PM

let the wealth pay MORE taxes
serrog
Champion Author Nova Scotia

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Message Posted: Dec 30, 2012 11:05:55 PM

Self serving fools
wayoung56
Champion Author Alabama

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Message Posted: Dec 30, 2012 11:03:16 PM

Hmmm...
BMWer
Champion Author Calgary

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Message Posted: Dec 30, 2012 11:02:53 PM

Is it too late?..and what will the end result be?
onegiraffeAL
Champion Author Alabama

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Joined:Jan 2010
Message Posted: Dec 30, 2012 11:01:38 PM

ok
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