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Showing posts with label fiscal cliff. Show all posts
Showing posts with label fiscal cliff. Show all posts

Wednesday, January 2, 2013

Swan Dive of 2013 Economy

James Hall, Contributor


Hold your breath, the race to the bottom is ready to escalate. The consequence of the corporate consumerism economy has reached the tipping point. The old rules that mainstream spending will dig the way back to prosperity are permanently dead. The one sure implication that is indisputable is that taxes are set to rise at unprecedented levels. With Obamacare revenue obligations coming into effect, the latest phase of centralized medical socialism spreads like a virus. Under such circumstances, how can the patient regain their health?


The Rino Republicans have proven again their slimy deceit, as demonstrated in Highlights of Senate bill averting ‘fiscal cliff’. The bipartisan house is poised to make another deal with the devil. Such legislation that refuses to enact meaningful and significant spending cuts exemplifies the depth of the efforts to dismantle the economic well being of the average taxpayer.

The only beneficiary out of the tax bill from hell will be the corporate/state axis. By setting aside the automatic sequestration program reductions for a typical irresponsible useless promise the McConnell, Biden reach tentative deal on sequester, con insults the intelligence of any rational taxpayer.
"The negotiating parties reached an agreement to delay it by two months with some spending cuts to offset the delay."

Saturday, December 29, 2012

Ron Paul: Republicans And Democrats Are a Bunch of Drug Addicts Looking for Their Next Fix



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Sunday, December 2, 2012

The Fiscal Cliff: Our Collapsing Economy and Currency

Dees Illustration
Paul Craig Roberts, Contributor

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used.

The fiscal cliff is the result of the inability to close the federal budget deficit. The budget deficit cannot be closed because large numbers of US middle class jobs and the GDP and tax base associated with them have been moved offshore, thus reducing federal revenues. The fiscal cliff cannot be closed because of the unfunded liabilities of eleven years of US-initiated wars against a half dozen Muslin countries–wars that have benefited only the profits of the military/security complex and the territorial ambitions of Israel. The budget deficit cannot be closed, because economic policy is focused only on saving banks that wrongful financial deregulation allowed to speculate, to merge, and to become too big to fail, thus requiring public subsidies that vastly dwarf the totality of US welfare spending.

Jasper Roberts Consulting - Widget