In response to:

About That Fiscal Cliff

johnm h Wrote: Nov 21, 2012 8:45 AM
While you are right, corrective action that cuts spending will not harm the economy. Keynesian spending is harmful not stimulative and cutting useless overhead strengthen's the economy. But if we should manage to stimulate growth by reforming regulations, taxes then we would face a real challenge as the near 400 percent increase in the monetary base started heading toward a near 4000 percent increase in money. This is why the Obama administration welcomes stagnation. It gives them time to advance their takeover of the Republic.
Yikes, we're headed toward a fiscal cliff! It will crush the economy! Or so the media and politicians tell us.

The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts.

Will Congress act?

It will! I see the future: The politicians will meet and fret and hold press conferences and predict disaster. Then they'll reach a deal.

It will just postpone the reckoning, but they'll congratulate themselves, and the media will move on.

America, however, continues to go broke.

"They're not going to admit that we're bankrupt, and they won't...

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