Tuesday, May 1, 2012
"Two Federal Reserve officials warned Tuesday that the U.S. could be heading for a "fiscal cliff" at year's end if..."
If the President keeps siding with Wall St & Goldman?
If the trillions in bailouts domestic & abroad continue?
If the Fed does not stop devaluing the US dollar?
If jobs are not created and home prices stabilized?
What, Oh What could that big 'if' be?
"Two Federal Reserve officials warned Tuesday that the U.S. could be heading for a "fiscal cliff" at year's end if mandated tax increases and spending cuts are implemented."
A "fiscal cliff" if more taxes i.e. revenue is brought in and less is spent to shore up large budgetary deficits that's part of the reason the National Debt is close to $16 Trillion...
This would be the cause of economic pain?
Well Mucker Futter!
Posted by Susquehanna at Tuesday, May 01, 2012