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10 Facts on the Fiscal Cliff, Debt, and Spending

10 Facts on the Fiscal Cliff, Debt, and Spending

Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.”

With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring ...

Read more: 10 Facts on the Fiscal Cliff, Debt, and Spending

Reads: 1423

Diabolical Fiscal Facts: What the Talking Heads Refuse to Discuss

Diabolical Fiscal Facts: What the Talking Heads Refuse to Discuss

I simply cannot comprehend the malfeasance of the media in discussing America's fiscal situation.  This includes the entire spectrum of commentary, from the usual suspects on MSNBC to Fox News Sunday. 

10. The President's desired tax hikes -- raising taxes on "the rich", those with an ...

Read more: Diabolical Fiscal Facts: What the Talking Heads Refuse to Discuss

Reads: 3820

Republican Sellout Invites Stagflation

Republican Sellout Invites Stagflation

John Brown for the Daily Bell 
While it may not be a surprise that the Republicans are preparing to yield on their vow to oppose tax hikes, it should raise investor concerns the world over that an upcoming budget agreement will likely involve a Congressional surrender of its authority to set ...

Read more: Republican Sellout Invites Stagflation

Reads: 964

Bernanke Loosens Up

Bernanke Loosens Up

[Editor's note: Bernanke has further loosened the Fed's monetary stance. As economist Frank Shostak explains, this action is based on a fundamental misunderstanding of how wealth is created and can only make things worse.]

On Wednesday December 12, 2012 Fed policy makers announced that they will ...

Read more: Bernanke Loosens Up

Reads: 1179

The UN Wants to Tax Us, Too

The UN Wants to Tax Us, Too

While President Obama and Speaker John Boehner are wrestling with whether or not they will agree to raise taxes, United Nations delegates partying in Doha, Qatar are planning to impose a new kind of tax on Americans. UN conferees have been discussing how they can start a global tax that would hit ...

Read more: The UN Wants to Tax Us, Too


Reads: 2042

Amnesty and the U.S. Labor Market

Amnesty and the U.S. Labor Market

 The Employment Picture for Less-Educated Workers

Of the estimated 11 to 12 million illegal immigrants in the United States, seven to eight million are thought to be holding a job.1Rather than enforce immigration laws and encourage them to return home, President Obama and some in Congress have ...

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Reads: 1051

How the Fed Rules and Inflates

How the Fed Rules and Inflates

 Editor's Note: It seems this holiday season, instead of presents from Santa's sleigh, we'll be showered with dollars from Bernanke's helicopter. Yesterday, the Federal Reserve announced plans to spend $45 billion a month to buy bonds, and to keep a key interest rate near zero until ...

Read more: How the Fed Rules and Inflates

Reads: 1267

Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

 With nary a glimmer of hope that economic sense will supplant political expedience, Stansberry & Associates Investment Research Founder Porter Stansberry expects rampant inflation to roar in once the cost of capital rises. How is he preparing himself? Stansberry tells The Gold Reporthe ...

Read more: Porter Stansberry: Gold and Real Estate Are My Hedges for the Fiscal Cliff

Reads: 2999

Saving the American Dream: The Fiscal Cliff and Beyond

Saving the American Dream: The Fiscal Cliff and Beyond

Abstract: Unless Congress and the President act promptly and wisely, sequestration under the Budget Control Act (BCA) will undermine military readiness, and the nearly $500 billion tax increase starting on January 1, 2013, will greatly harm an already weak economy. However, this fiscal cliff can ...

Read more: Saving the American Dream: The Fiscal Cliff and Beyond

Reads: 903

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