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The American People are the Big Losers In The Cliff Deal

George Washington's picture




 

The "fiscal cliff" deal will raise taxes for 77% of the American public.

It will add $4 trillion dollars to the deficit over the next 10 years.

It will create a drag on the economy equal to 1% of the gross domestic product.

It creates uncertainty in the following areas:

A) the debt limit, B) the sequestered amounts, C) cuts in entitlement spending, D) additional taxes and don't forget E) the President needs another Continuing Resolution (CR) to keep the lights on.

Blackrock's Larry Fink is correct when he says:

The American People are the Big Losers In The Cliff Deal.

Who benefits? The deal gives Puerto Rican rum makers, Nascar, banks like Goldman Sachs, and General Electric and other big companies tax subsidies. History repeats again and again.

The entire "fiscal cliff" is a ruse to fleece the people.  Once again, the government has pimped us out.

 

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Fri, 01/04/2013 - 07:38 | 3121435 Seer
Seer's picture

The market doesn't operate on gold.  The market is the very core of the grow-or-die System.  Of fucking course they're biased to it!

When the curtain comes down on this illusion I doubt that anyone will find it enjoyable; but know this: down it will come (nature will ensure that this happens).

Thu, 01/03/2013 - 20:12 | 3120510 Cult of Criminality
Cult of Criminality's picture

Tick tock  Tick Tock  Tic Tock

Fri, 01/04/2013 - 03:38 | 3121287 RichardP
RichardP's picture

Tick Tock indeed.

http://www.youtube.com/watch?v=738pWPo9zrU

http://www.youtube.com/watch?v=5woFxnekqo8

I'm familiar with meadows high up in the Cascades.

Thu, 01/03/2013 - 19:56 | 3120465 Salon
Salon's picture

Patriots. Make this go viral. Encourage all your friends to pass it along until it gets to one million people.

The American Spring is coming soon.

Here are your orders from central command. The strategy.

http://www.bob-owens.com/2012/12/what-youll-see-in-the-rebellion/

Fri, 01/04/2013 - 07:32 | 3121432 Seer
Seer's picture

And when all the "bad guys" have been shot dead, then what?

Take over the grow-or-die Ponzi system?

There's more of a systemic problem/issue that a bunch of bad guys (hasn't anyone learned this from the manipulations that govts do of scaring us with hobgoblins?).

Owens may know guns, but he has NO "solution" for our coming resource shortages (or, maybe he does? [and this is distinct from what govts would do, how?]).

Isn't there a bit of cognitive dissonance going on here?  I mean, it's 2nd Amendment centric (not that that's a bad thing) and the LEADING organization's head -NRA's Wayne LaPierre [isn't that a French name?]- is/was calling for using armed guards and police in public schools.  Yeah, the right to have MORE militarization!

BTW - I take no orders from anyone.  I'll stand by my neighbors and community.

Thu, 01/03/2013 - 20:13 | 3120511 Snakeeyes
Snakeeyes's picture

Corporations won and individuals lost. Period. Just like the James Caan flick "Rollerball."

http://confoundedinterest.wordpress.com/2013/01/03/pork-salad-harry-mill...

Thu, 01/03/2013 - 20:06 | 3120492 The Miser
The Miser's picture

After you read the link above, just think of Ruby Ridge and Waco. 

Thu, 01/03/2013 - 20:28 | 3120552 Freddie
Freddie's picture

For the past 4 years - gun sales have averaged about 16 million a year.  19 million in 2012.   You cannot get .223 or even 9 mm or mags. 

We are way beyond Ruby Ridge and Waco now.  Oh and we have not forgotten the name Lon Horiuchi.

http://en.wikipedia.org/wiki/Lon_Horiuchi

 

Thu, 01/03/2013 - 22:20 | 3120869 Salon
Salon's picture

Thanks for reminding us.

He and/or family members shouldnt be too hard to find by a determined individual.

Thu, 01/03/2013 - 22:22 | 3120881 Salon
Salon's picture

If he isnt killed resisting a citizen's arrest then he can be tried by a citizen's tribunal.

Fri, 01/04/2013 - 00:57 | 3121160 aka Gil
aka Gil's picture

I wonder if these goobermint hotshots, while patiently waiting for an opportunity to murder a free citizen of the Republic from 500 yards away, would even suspect that they themselves might one day be in the crosshairs of a similarly armed citizen patriot. That might come as quite a shock to some of those cowboys: The cognitive moment or, if not that, the actual impact.

Thu, 01/03/2013 - 18:12 | 3120197 diogeneslaertius
diogeneslaertius's picture

George Washington, walking point - i almost feel sorry for the enemy scouts

Fri, 01/04/2013 - 16:27 | 3123601 Ruffcut
Ruffcut's picture

WE were designed to be the losers. Where has everbody been? WE are the slaves to the special assholes for centuries.

But, if you are smart enuff, you can feel special and live well. The fantasy is meeting reality.  

THe life of lowered expectations.

Thu, 01/03/2013 - 19:50 | 3120446 Zer0head
Zer0head's picture

one other casualty

Tea Party is no more, they have lost any and all credibility except for the 15 members who voted against Boner today

 

Thu, 01/03/2013 - 20:24 | 3120519 Freddie
Freddie's picture

The Rinos (shits like Rove, Bushes, Neocons, et al), Dems and newsmedia (TV and Hollywood) wanted the Tea Party nuked.  Conservatives need to get that NWO c**k Karl Rove - the F away from them.  He is a POS.

The "Tea Party" are just average Americans who want the govt off their back. 

Fri, 01/04/2013 - 17:03 | 3123708 Mr Kurtz
Mr Kurtz's picture

While I agree, in part, that the Tea Party (like OWS) is more aligned with the interests of the middle class or as you put it, "just average Americans", the political leadership comprises a millionaires club who are more concerned with and aligned with big business than the average Joe.  The aforemention fucks in your post can go, well...

https://www.commondreams.org/headline/2012/01/05

Fri, 01/04/2013 - 15:38 | 3123318 lasvegaspersona
lasvegaspersona's picture

Rather than Tea Party focus on the Club for Growth candidates. They have a failure rate of about 5% or less. That is where I have been putting my donation dollars. Their candidates happen to generally be good on liberty, guns as weel as taxes because unlike the major parties they tend to back sane candidates who dwell in the real world.

Thu, 01/03/2013 - 22:16 | 3120861 boogerbently
boogerbently's picture

That 2% is what we were paying before the temporary tax cuts.

Most ZH whiners are always saying how SS is underfunded.

Now if we remove the $113K "cap" and defund whatever programs were started with the money stolen from SS, we'll be in good shape.

Reform Welfare before you steal MY savings.

Fri, 01/04/2013 - 07:14 | 3121420 Seer
Seer's picture

"Now if we remove the $113K "cap" and defund whatever programs were started with the money stolen from SS, we'll be in good shape."

SS is no longer some sort of trust fund with actual money in it, it's a pass-through.

People can fantasize all they want, but the reality is that demographics will crush SS.  Like everything else in the Growth Ponzi, SS grew and grew and grew... while the planet's resources dwindled.

Oh!  And "your" "savings?"  You have a savings ACCOUNT, denominated in USDs, which are ISSUED by the Federal Reserve.

Like I was saying, people are free to fantasize all they want...  I have no illusions of "retirement."

Fri, 01/04/2013 - 07:44 | 3121440 OldPhart
OldPhart's picture

Retirement....PHHFFFTTT!

Gave that notion up back in the 80's.

I still see myself as a desiccated corpse on the side of some desert dirt road.

 

Thu, 01/03/2013 - 21:19 | 3120482 nmewn
nmewn's picture

Except for...ah yes.

Isn't it remarkable there is no such thing as a TP dim-wit-crat? When I was growing up there was such a thing as a fiscally respsonsible democrat, quite a few of them actually.

I count ZERO of those now.

Do NOT follow this link or you will be banned from the site!