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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 ^[1]
Jan 3, 2012

The “fiscal cliff” deal will raise taxes for 77% of the American public ^[2].

It will add $4 trillion dollars to the deficit over the next 10 years ^[3].

It will create a drag on the economy equal to 1% of the gross domestic product ^[4].

It creates uncertainty in the following areas ^[5]:

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 ^[6]:

The American People are the Big Losers In The Cliff Deal.

Who benefits? The deal gives Puerto Rican rum makers ^[7], Nascar ^[8], banks like Goldman Sachs, and General Electric and other big companies ^[9] tax subsidies. History repeats again ^[10] and again ^[11].

The entire “fiscal cliff” is a ruse to fleece the people ^[12]. Once again ^[13], the government has pimped us out ^[14].

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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:

[1] Washington’s Blog: http://www.washingtonsblog.com/2013/01/the-american-people-are-the-big-losers-in-the-cliff-deal.html

[2] 77% of the American public: http://www.bloomberg.com/news/2013-01-01/senate-passed-deal-means-higher-tax-on-77-of-households.html

[3] $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

[4] 1% of the gross domestic product: http://www.zerohedge.com/news/2013-01-02/fiscal-cliff-be-fiscal-drag-amounting-1-2013-gdp

[5] following areas: http://www.zerohedge.com/contributed/2013-01-02/all-facts

[6] says: http://www.zerohedge.com/news/2013-01-02/fair-and-balanced-and-benefitting-just-20-americans

[7] Puerto Rican rum makers: http://cnsnews.com/news/article/senators-got-154-page-fiscal-cliff-bill-3-minutes-voting-it

[8] Nascar: http://www.stltoday.com/news/local/govt-and-politics/weird-parts-of-the-fiscal-cliff-deal/article_83fdbbcc-64bc-51e2-ab97-43e343bce28e.html

[9] 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

[10] again: http://www.washingtonsblog.com/2008/10/rum-wooden-arrows-and-the-pork-barrel-bailout.html

[11] 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

[12] ruse to fleece the people: http://www.washingtonsblog.com/2012/12/its-not-a-fiscal-cliff-its-the-descent-into-lawless-anarchy.html

[13] Once again: http://www.washingtonsblog.com/2012/07/regulators-sleep-with-industry-provided-prostitutes-while-they-pimp-out-the-american-people.html

[14] 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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