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Warning: Here's How the "Fiscal Cliff" Could Ruin Your Portfolio

Joe 145 Wrote: Jul 23, 2012 8:16 AM

For someone who blames his predecessor, President Obama is leaving one hell of a big mess to the poor person who comes after him. I really don't blame President Obama for ALL of our finanical problems simply because we have been on this path a long time. However, President Obama is the most extreme version of the thinking that has put us on that path in the first place. He is only doing what he believes to be the 'right thing to do'. It does not matter to him that this is the very opposite of what made this country great.

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Warning: Here's How the "Fiscal Cliff" Could Ruin Your Portfolio

Imagine a train speeding down a track, just a few miles away from a wall that it will crash into. You can't see the wall yet, but you're told it's there anyway. As the train chugs down the track, the wall gets closer until it comes into view. Before long, that wall appears bigger and bigger until it is right in front of the train. By that time, there's no way to stop the train in time and you can only hope that the damage isn't catastrophic.

That's the game Washington is playing with our economy.

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