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The American People are the Big Losers In The Cliff Deal
Posted By admin On January 3, 2013 @ 6:18 am In Commentary | Comments Disabled
Washington’s Blog 
Jan 3, 2012
The “fiscal cliff” deal will raise taxes for 77% of the American public .
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 .
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URL to article: http://www.prisonplanet.com/the-american-people-are-the-big-losers-in-the-cliff-deal.html
URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2013/01/the-american-people-are-the-big-losers-in-the-cliff-deal.html
 77% of the American public: http://www.bloomberg.com/news/2013-01-01/senate-passed-deal-means-higher-tax-on-77-of-households.html
 $4 trillion dollars to the deficit over the next 10 years: http://thehill.com/blogs/on-the-money/economy/275095-cbo-fiscal-cliff-deal-carries-4-trillion-price-tag
 1% of the gross domestic product: http://www.zerohedge.com/news/2013-01-02/fiscal-cliff-be-fiscal-drag-amounting-1-2013-gdp
 following areas: http://www.zerohedge.com/contributed/2013-01-02/all-facts
 says: http://www.zerohedge.com/news/2013-01-02/fair-and-balanced-and-benefitting-just-20-americans
 Puerto Rican rum makers: http://cnsnews.com/news/article/senators-got-154-page-fiscal-cliff-bill-3-minutes-voting-it
 Nascar: http://www.stltoday.com/news/local/govt-and-politics/weird-parts-of-the-fiscal-cliff-deal/article_83fdbbcc-64bc-51e2-ab97-43e343bce28e.html
 banks like Goldman Sachs, and General Electric and other big companies: http://washingtonexaminer.com/tim-carney-how-corporate-tax-credits-got-in-the-cliff-deal/article/2517397#.UOTPwUbDVSJ
 again: http://www.washingtonsblog.com/2008/10/rum-wooden-arrows-and-the-pork-barrel-bailout.html
 again: http://www.washingtonsblog.com/2010/12/fed-data-shows-foreign-banks-huge-beneficiaries-of-emergency-lending-programs-hedge-funds-mcdonald%E2%80%99s-harley-davidson-and-others-also-bailed-out.html
 ruse to fleece the people: http://www.washingtonsblog.com/2012/12/its-not-a-fiscal-cliff-its-the-descent-into-lawless-anarchy.html
 Once again: http://www.washingtonsblog.com/2012/07/regulators-sleep-with-industry-provided-prostitutes-while-they-pimp-out-the-american-people.html
 pimped us out: http://www.washingtonsblog.com/2009/10/chairman-of-the-department-of-economics-at-george-mason-university-politicians-are-not-prostitutes-they-are-pimps.html
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