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32 Days: Countdown to the Fiscal Cliff

Saturday, December 1, 2012 0:39
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Read more : http://www.investmentcontrarians.com/debt-crisis/32-days-countdown-to-the-fiscal-cliff/1070/

There were two winners of the Powerball lottery jackpot of $588 million Wednesday night. I was wondering if there was any chance they could help out with paying down some of the country’s burgeoning $16.2 trillion in national debt, its out-of-control deficit, and its runaway spending. Hey, isn’t that what the fiscal cliff is all about?

With 32 days remaining in the year to resolve this financial crisis, President Barack Obama and Republican House Speaker John Boehner are hard at it, trying to come to a compromise.

The reality is that, like many of you, I’m growing weary of hearing the “FC” term: financial crisis. Let’s just deal with the financial crisis stalemate and work out a deal that makes both parties happy, and slows down the frivolous printing of money that has allowed America to spend endlessly and create the financial crisis that is now lurking.

Read more : http://www.investmentcontrarians.com/debt-crisis/32-days-countdown-to-the-fiscal-cliff/1070/

U.S. Debt Ceiling

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