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Tag Archives: Fiscal Cliff

Obama says; “We are not a deadbeat nation.” So let’s raise the debt limit and incur more debt we can’t pay back. Problem solved.

 The President is still not happy. In the recent fiscal cliff deal he got, taxes went up versus cuts 41 to 1. Now he’s warning Congress about not raising the debt limit. “We are not a deadbeat nation.” he says. We are however a nation with spending habits which appear to be of a clinical level of concern.

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The Depression Continues Despite the Smoke, Mirrors, and Dazzling Bull from Washington

There is a lot of smoke and mirrors in mainstream economic news these days. There always has been. The wizards always seek to manage expectations and manipulate public sentiment in what they consider to be the right direction. But things have gotten much worse over the years, especially since the Federal Reserve began its “Magical Monetary Tour” as David Stockman calls it in 2008.

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