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Getting the Jitters Over Fiscal Cliff

MoreFreedom Wrote: Oct 16, 2012 1:34 PM
Brittany incorrectly blames the fiscal cliff, instead of correctly blaming government spending for our financial woes (with more to come). If instead of cutting the spending, we froze the budget, we'd actually spend less. Simply because the sequestration doesn't really cut spending, it cuts future increases in spending. Spending still INCREASES. Cutting it will help. What won't help, are the tax increases the Democrats want, as they prefer to increase the tax rates on all producers (by letting the Bush tax cuts expire) rather than leaving them alone. As many know, raising taxes in a recession is no road to recovery - it's the road to a cliff.

With the threat of plunging over a fiscal cliff in less than 90 days CEO’s from all different areas are beginning to sound the alarm bells and planning for a worst-case scenario.  Goldman Sachs CEO Lloyd Blankfein said that the U.S. is heading towards fiscal disaster.  “We have $7.7 trillion worth of economic events that are going to hit America in the gut in December, and in Washington they’re doing nothing about it.”  

There is no doubt and no one can deny that Washington is being extremely irresponsible and going down a dangerous road by not...

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