The Final Phase Of The 2008 Crash Dead Ahead: Our Denial Of The Inevitable Is Creating The Inevitable. America Is Obsessed With Cheap Money, Bull Markets, Profits, Consumerism, Fiscal Cliffs. Washington Is Setting Up A New Crash And You’re Not “Going To Get Early Warning Signal When New Bank Meltdown Hits
January 1st, 2013
The “deal” calls for $43 in new taxes for every $1 in spending cuts. What a sellout by the senate republicans.
One can only hope the house republicans have more balls and kill this pathetic sellout.
NEW REPUBLICAN MATH: $1 IN CUTS FOR EVERY $41 IN TAXES
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
We ‘May’ Have A Spending Problem