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Congress Avoids the Cliff by Selling Us Down the River

aerskine Wrote: Jan 06, 2013 2:27 PM

FIRST: end base-line budgeting. SECOND: Follow the Constitution. The 16th Amendment gave the Federal Government the authority and power to tax every citizen, but no provision in this amendment states that Congress is given the right to unequally apply this power. NONE of our Constitution’s amendments give any power of an unequal distribution of either a freedom or limitation. Where the hell are men of honor and power in our country willing to stand up to this attack on our Constitution and this small-time uneducated unlettered Chicago thug Obama?

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Congress Avoids the Cliff by Selling Us Down the River

With the possible exception of the New York Times' editorial board (and the cast of The Jersey Shore), everyone on the planet understood that the United States Government needs to cut spending, increase taxes, or both. Instead, after months of political posturing and hand wringing, the Federal Government has just delivered the exact opposite, a deal that increases spending and decreases taxes. The move lays bare the emptiness of budget legislation, which can be dismantled far easier than it can be constructed.

One question that should be now asked is whether Moody's Research will finally join S&P in downgrading the Treasury...