World-News

Future of Freedom Foundation
by Laurence M. Vance

11/28/12

The combination of expiring tax cuts and unemployment benefits, spending cuts, and tax increases, all scheduled to go into effect on January 1, 2013, has been termed the 'fiscal cliff.' To make matters worse, the debt ceiling of $16.394 trillion, the maximum amount of money the government is legally allowed to borrow, may be reached before the end of the year. But all of the handwringing over the deficit, the national debt, and the debt ceiling obscures the real fiscal cliff that Americans are facing...

http://fff.org/explore-freedom/article/the-real-fiscal-cliff/



Let s get fiscal

Orange County Register
by Ron Hart

11/27/12

The self-inflicted drama of the 'fiscal cliff' is playing out in Washington like a Greek comedy or tragedy, depending on how much you know about economics. In preparation for appearing on CNN, I read the Congressional Budget Office reports, which are like Ambien in ledger form. To sum up: We have made promises and increased spending to a level that we cannot sustain, and this must be addressed. Aside from more than $16 trillion in debt, now 100 percent of our GDP, it is estimated that with Medicare and Social Security we have $99 trillion in pending, unfunded obligations...

http://tinyurl.com/cp8vmp2



Jumping off the fiscal cliff

Future of Freedom Foundation
by Tim Kelly

11/28/12

The American people are once again being told of an impending financial catastrophe. Federal Reserve Chairman Benjamin S. Bernanke has said that America will plunge off a 'fiscal cliff' if Congress doesn t do something by January 1, 2013...

http://tinyurl.com/bmaw486



Fiscal cliff theater

by Ayn R. Key

12/08/12

The Republicans claim to want to maintain the current tax rates on all income earners, and the Democrats claim to want to maintain the current tax rates on the bottom ninety eight percent of income earners. The offer from the Democrats is that if this tax increase is granted, then there will be unspecified spending cuts at some future date. Both sides are lying so badly that it is surprising anyone is able to take their claims seriously...

http://aynrkey.blogspot.com/2012/12/fiscal-cliff-theater.html


Informant: Thomas L. Knapp

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It s Not a Fiscal Cliff, It s an Austerity Crisis
http://www.commondreams.org/view/2012/11/29-8

8 Principles for Understanding the Fiscal Cliff in Two Minutes and Thirty Seconds
http://www.commondreams.org/video/2012/12/03-1

Wall Street Manipulates Deficit Angst with 'Fiscal Cliff' Fear
http://www.commondreams.org/view/2012/12/04-3

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Our Collapsing Economy and Currency

By Paul Craig Roberts

Is the ''fiscal cliff'' real or just another hoax?
http://www.informationclearinghouse.info/article33198.htm

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Headed Toward the 11th Hour Compromise
http://www.lewrockwell.com/paul/paul835.html

Doing Away With Ceiling Drama
http://lewrockwell.com/schiff/schiff189.html

The monetary tsunami headed your way
http://www.lewrockwell.com/lewrockwell-show/2012/12/14/331-unchartered-territory/

No Way Out
http://lewrockwell.com/schiff/schiff191.html

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Welcome Back to the Dark Ages

Paul Krugman, Krugman & Co.: The attitude that discounts any amount of evidence if it conflicts with prejudices is not an attitude consistent with effective policy. If you are going to ignore what geologists say because you don t like its implications, what are the chances that you ll take sensible advice on monetary and fiscal policy?

http://truth-out.org/opinion/item/13133-welcome-back-to-the-dark-ages



Ensure More Crises, but Alternatives That Work Are Taboo

Richard D. Wolff, Truthout: Both Republican and Democratic plans for the economy leave the system that produced this crisis and will produce more crises unchanged; there IS an alternative.

http://truth-out.org/opinion/item/13244-limited-fiscal-cliff-remedies-designed-to-guarantee-crises



Fiscal Cliff: Let s Call Their Bluff!

Ellen Brown, Truthout: Desperate times call for radical measures. Here are seven ''outside the box'' strategies to consider that just might work.

http://truth-out.org/opinion/item/13401-fiscal-cliff-fiscal-cliff-lets-call-their-bluff

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Market implosion soon?
http://www.realecontv.com/videos/capital-market-collapse/market-implosion-soon-.html

The Next Financial Crisis
http://www.realecontv.com/videos/capital-market-collapse/reality-check-the-next-financial-crisis.html



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