ROUBINI: America Has Yet To Wake Up To The Full Extent Of Its Fiscal Nightmare
• Business InsiderLast night the House of Representatives voted 257-167 to pass the fiscal cliff bill.
Contents Pages by Subject
Economy - Economics USA
Dennis Kucinich Accuses US Govt Of Creating A Manufactured Crisis, To Screw The American people
• Daily Paul.comKucinich's 1 minute Congressional speech on the Fiscal Cliff from earlier today. The cliff dwellers ..... died.
Stock Market and Economy: What We Can Expect in 2013
• http://www.investmentcontrarians.com/stock-market/Happy New Year to all of our Investment Contrarians readers! In 2012, small-cap stocks were the second-best performing group, following the technology sector. The Russell 2000 was the top performer in December and has been since the end of the fir
Obama Vows More Tax Increases
• .Obama: "We can’t simply cut our way to prosperity. Cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available
Obama Back In Hawaii, Fiscal Cliff Still Unsigned
• APPresident Obama is back in Hawaii for taxpayer paid vacation after a tense, end-of-the-new-year standoff with Congress over the fiscal cliff. The president arrived early Wednesday morning, without signing the fiscal cliff bill.
Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases
• BreitbartAccording to the Congressional Budget Office, the last-minute fiscal cliff deal cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
CBO: 'Fiscal cliff' deal carries $4 trillion price tag over next decade
• The HillThe Senate deal to avoid the "fiscal cliff" will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO).
Why Today’s Fiscal Squeeze Imposes Needless Austerity
• Common DreamsThe financial sector promises that privatizing roads and ports, water and sewer systems, bus and railroad lines (on credit, of course) is more efficient and will lower the prices charged for their services.
Comprehensive List Of Representatives Who Voted For The Fiscal Cliff H.R. 8
• govtslaves.infoPersonally I think we should of went off the “Fiscal Cliff”.
Who Avoided What Cliff?
• Lew Rockwell blogFirst, the legalized gangsters in the nation's toilet raised the debt ceiling at the 11th hour so that the US government can borrow more and spend more, in spite of the looming budget carnage. Then they partied down into the wee hours of New Year's E
Tech’s Hot New Market: The Poor
• Wired.comDouglas Merrill’s sister-in-law Vicki needed new snow tires. Without them, the single mother of three, who was going to school while also working full-time, couldn’t get to work. She’d lose her job.
The World Is Entering A 5-Year Period Of Abundant Oil
• http://www.businessinsider.com, EconMattersIn analyzing the last EIA report of the year it is noteworthy that gasoline stocks really rose the last 5 weeks of the year.
Raising Taxes Isn't Compromise: Norquist
• http://www.cnbc.com, By: Justin MenzaAs the "fiscal cliff" of tax hikes and spending cuts draws closer, anti-tax crusader Grover Norquist repeated his call on CNBC's "Closing Bell"for spending cuts instead of tax increases to deal with the country's fiscal problems.
When Priced in Gold, the US economy is at Depression-Era Levels
• http://www.sovereignman.com, by Simon BlackAs we slide into the end of yet another year in which the nominal price of gold has posted a positive return, I thought it would be interesting to take a look back on history to get a better understanding of where we are today.
How the 'Dairy Cliff' Will Cream Consumers
Jim BovardGot milk? Enjoy the price you paid, because federal policy, reaching its sell-by date, will have dire results.
"Fixing" the Economy New York Times Style: Raise Taxes and Raise Taxes Even More
• Lew Rockwell blogThe way to "fix" our economy is for the State to take even more of our earnings. Of course, they refer to shoving higher taxes at us as "reform," a watchword for all Progressives who believe that "reform" comes only via expansion of the police powers
$1 Trillion Obamacare Tax Hike Hitting on Jan. 1
• http://www.atr.org, John KartchOn January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.
Here's Are My Views On Spending Cuts, Entitlements, And Dealing With The Deficit
• Business InsiderA number of folks in recent weeks have question or criticized my views, both here at OTE and on TV, regarding endorsing spending cuts, including some targeted at the social insurance programs Medicare and Social Security.
Two Reporters Say The Fiscal Cliff Negotiations Are Going Badly
• Business InsiderToday is the day that Harry Reid and Mitch McConnell are supposed to be negotiating a deal on the Fiscal Cliff.
The Ultimate Visual Representation Of America's Boom, Collapse And Epic Comeback
• Business InsiderSince collapsing with the housing bubble and the financial crisis, the U.S. economy has staged a dramatic comeback.
New Specifics: Fed Members Gave Their Own Banks $4 Trillion During Bailout
• http://www.dailypaul.com, by go213mphA report just released by the US Government Accountability Office explains how the Federal Reserve divvied up more than $4 trillion in low-interest loans after the fiscal crisis of 2008, and the news shouldn’t be all that surprising.
Repudiate the National Debt - by Wendy McElroy
• Future of Freedom Foundation“Repudiation” is not a word used by the political mainstream. Part of the reason is who holds the debt. China is often castigated as the largest holder, but that country actually accounts for less than 8% of the money America has borrowed.
Thousands Line Up In LA To Swap Guns For Grocery Store Gift Cards In Buyback
• mintpress.netPolice were trading grocery store gift cards for guns in Los Angeles on Wednesday as part of an annual buyback program brought forward this year in response to the deadly shooting rampage in Newtown, Connecticut.
No More Industrial Revolutions, No More Growth?
• zerohedge.comThe common feature of the transformative technologies of the 20th and 21st centuries is that they were one-offs that cannot be duplicated.
The Housing Bust Gave Birth To A Trillion Dollar Buyer Of US Treasuries
• Business InsiderUBS's Maury Harris, who is frequently recognized as the most accurate economist on Wall Street, shared an important chart with Business Insider when we had lunch with him last week.
The College Textbook Bubble Is Out Of Control
• Business InsiderAnyone who has purchased college textbooks knows that they're expensive.
Planning for Double Duty, By Lane C.
• Survivalblog.comDoing “Double Duty” is a concept that I was first introduced to during my first enlistment in the US Army.
Avoid the Fiscal Cliff - Economic Freedom Speech - Pierre Poilievre
• youtubeAvoid the Fiscal Cliff - Economic Freedom Speech - Pierre Poilievre - Enhanced Version
Peter Schiff: We Can't Solve Our Problems Without Going Over A Cliff
• youtubePresident Obama is headed back to Washington early, but Congress is still on Christmas vacation, with CNBC's John Harwood; Michael Farr, Farr, Miller & Washington; and Peter Schiff, Euro Pacific Capital.
Generation Y Wakes Up From The American Dream, Faces An American Nightmare
• http://www.zerohedge.com, by Tyler DurdenThree and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing
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