Tag Archives: Fiscal Cliff

Damn the Constitution – Senate Approves ‘Fiscal Cliff’ Deal

Under the Constitution of the United States: Article 1, Section 7. All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills. The headlines today are praising … Continue reading

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US To Officially Go Over The Fiscal Cliff

As we forecast back in November, it is now official that the House will not vote on any deal out of the Senate, assuming there is one which there won’t be of course, later today, which means America will officially slide off the Fiscal Cliff. And … Continue reading

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Congress Is Like a Bunch of Drug Addicts Looking for Another Fix – Ron Paul

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Did the Market Collapse Start?

See additional comments on Tea Party Nation. The stock market was down 158.20 yesterday (December 28th): the fifth straight day of losses. There are two very important facts concerning the stock market shown below in two charts below from CNNMoney.com. … Continue reading

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U.S. Budget Bargain Shrinks as Congress Nears Deadline

The deal that seems possible to fix the U.S. budget is getting smaller and smaller. Five days before a deadline that would trigger more than $600 billion in tax increases and spending cuts that could cause a U.S. recession, Congress … Continue reading

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Speaker offered a prayer before announcing the defeat of ‘Plan B

Moments before announcing defeat to his GOP colleagues, Speaker John Boehner (R-Ohio) recited the Serenity Prayer often heard at Alcoholics Anonymous meetings. “Lord, grant me the serenity to accept the things I cannot change, the courage to change the things … Continue reading

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The Most Critical 48 Hours In The Fiscal Cliff Melodrama Have Begun

There is now about 48 hours until the rubber hits the road. What happens in the next 2 days: in a somewhat surprising development earlier, the Republicans today managed to turn the tables on the president, and as reported this … Continue reading

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Hopes rise for “fiscal cliff” deal as Obama, Boehner meet

Hopes rose on Monday that Washington will be able to step back from the “fiscal cliff” as President Barack Obama and Republican John Boehner inched toward a deal that would prevent steep tax hikes and spending cuts that could push the economy into recession. … Continue reading

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Tighten the Grip as the Fiscal Cliff Approaches

The nation would be ill served if the Republicans loosened the reigns on taxes or failed to insist on cuts to non-essential programs.  Raising taxes on those making more than $250,000 per year generates only enough money to keep the budget … Continue reading

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