7 votes

ZH: US To Officially Go Over The Fiscal Cliff

This "cliff-dive" is a blessing. Buy essential commodities ahead as a hedge against the continued inflation that will likely be here to stay.

US To Officially Go Over The Fiscal Cliff
12/31/2012

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 now cue everyone being very hopeful and optimistic a deal will get done momentarily, if not sooner, in 2013. Of course, we all know just how far optimism takes America's dysfunctional Congress. The biggest irony in all of this is that the only winners today were the much hated "1%"-ers, whose taxes may or may not go up, who just got to book major year end profits on this last minute ramp. The remainder of America's population can quietly look forward to 2013 with "hope" and "optimism" that in 2013 Congress will finally stop being dysfunctional. Good luck. Oh, and before we forget, America just breached its debt ceiling: now the pillaging of various government retirement funds begins.
More at:
http://www.zerohedge.com/news/2012-12-31/us-officially-go-ov...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

What is really sad...

It is repugnant that American's have to believe their well being is dependent on acts of congress.

The founders would be ashamed at us for what we are putting up with.

I dont think most cancer patients consider Chemotherapy a bless

I wonder Steve if you call the cliff a blessing, if you personally are going to be hurt by it.

However,chemotherapy can be very therapeutic depending on the cancer,

http://www.dailypaul.com/268151/the-defense-budget-is-a-canc...

dailypaul.com/268151/the-defense-budget-is-a-cancer-the-financial-cliff-is-chemotherapy

In Philly PA RichardKanePA

SteveMT's picture

The survivers do call chemo a blessing.

You are right. This patient, called America, does has cancer, and the way to treat it is to starve it. Feeding cancer only makes it grow faster. Starve the defense dept. excesses and all of the government's wasteful spending on the DHS, TSA, and all of the bridges to nowhere. That is a good starting point. If the cancer grows too large, it metastasizes and chemo becomes ineffective. It's probably already too late. Everyone is going to be hurt except the one percent, which I am not.