It will add $4 trillion dollars to the deficit over the next 10 years.
It will create a drag on the economy equal to 1% of the gross domestic product.
It creates uncertainty in the following areas:
A) the debt limit, B) the sequestered amounts, C) cuts in entitlement spending, D) additional taxes and don’t forget E) the President needs another Continuing Resolution (CR) to keep the lights on.
Blackrock’s Larry Fink is correct when he says:
The American People are the Big Losers In The Cliff Deal.
Who benefits? The deal gives Puerto Rican rum makers, Nascar, banks like Goldman Sachs, and General Electric and other big companies tax subsidies. History repeats again and again.
The entire “fiscal cliff” is a ruse to fleece the people. Once again, the government has pimped us out.
thank God someone is waking up...
ReplyDeleteObama is a failure as a leader and as a community activist. Just look at what he has done to the once working USA. And then cast your gaze to the murder rate in Chicago, where Comrade Obama organized communities. What the hell did he organize anyway?
ReplyDelete