Comments on: The Fiscal Cliff https://themusingsofthebigredcar.com/the-fiscal-cliff/?utm_source=rss&utm_medium=rss&utm_campaign=the-fiscal-cliff 53 years and 204,000 miles of business, CEO, leadership, startup, political, military wisdom Tue, 11 Dec 2012 23:57:00 +0000 hourly 1 https://wordpress.org/?v=5.9.11 By: William Mougayar https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-24 Tue, 11 Dec 2012 23:57:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-24 In reply to JLM.

His new one is an epic of a book.

]]> By: JLM https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-23 Tue, 11 Dec 2012 18:52:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-23 In reply to Abdallah Al-Hakim.

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I think the Big Red Car will be writing something like that very soon.
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]]> By: Abdallah Al-Hakim https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-22 Tue, 11 Dec 2012 17:42:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-22 this is the best point-by-point description about the fiscal cliff that I have read. I am not an American citizen so the details were not critical to me. Still, the health of the US economy is important globally so it is good to have an understanding of this issue. Maybe in the next post – the ‘big red car’ can explain what the two sides are arguing about when it comes to the fiscal cliff.

]]> By: JLM https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-21 Tue, 11 Dec 2012 16:57:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-21 In reply to William Mougayar.

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I read his earlier book and it was very interesting. He called it perfect, didn’t he?
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]]> By: William Mougayar https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-20 Tue, 11 Dec 2012 15:08:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-20 Yup…I don’t think you can get out of deficits by taxing the hell out of people. That barely makes a dent and ends-up stifling the economy.

The US has a spending problem where debt is taken casually and accepted easily. But delaying fixing the root of the problem just delays the actual solution while making the pains worse in the long term.

It’s like holding a lid on a pressure cooker. It’s gonna explode eventually.

Read the new book Antifragility by my friend Nassim Taleb (we went to same high-school in Beirut). It’s mind-boggling that he has been giving warnings about this since 2007, and see his stance here on the fiscal cliff on CNBC http://www.youtube.com/watch?v=ak9xLgkQkR8

]]> By: Kasi Viswanathan Agilandam https://themusingsofthebigredcar.com/the-fiscal-cliff/#comment-18 Tue, 11 Dec 2012 04:41:00 +0000 http://themusingsofthebigredcar.com/?p=255#comment-18 Yes … Being kind to myself … Mr. Big Red Car :-).

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