The American People are the Big Losers In The Cliff Deal

realFISCALcliff

The Big Winners:  Big Banks and Big Companies

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 peopleOnce again, the government has pimped us out.

The American People are the Big Losers In The Cliff Deal was originally published on Washington’s Blog

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Comments
2 Responses to “The American People are the Big Losers In The Cliff Deal”
  1. Sarah says:

    Sequester isn’t real, no way is defense inc going to lose their entitlements. Social Security and Medicare which aren’t entitlements, and are funded, and can be solvent will be attacked. Obama said he will do just that, just as he said Banksters did nothing illegal.
    We need to carry a small deficit now, that is the only way to keep people working and losing everything. You think Wall Street’s banksters, pirates, and hustlers are going to do it? The lies are relentless. The US is not a debt destroyed household, it has been seized by the same kleptocrats that are stealing your houses, jobs and your futures. Watch for random bias in the rants on Hedge and WB, there is an undercurrent of absolute hostility towards actually helping people, but we know why “they” hate Banksters. Public schools and collective bargaining are evil? Maybe to a day trader.

  2. c.l.p.a.g. Chris says:

    Yes AS DEVISED the Planets Peoples are Being Plundered By Global Bankster Gangster Elites in CONspiritcy with their Satanic Genetic Sibling Zionist Legal Militant MERCenaries?
    This IS the SCAM PLAN crafted specially by the Global New One World Ordo RuEl’d by the Global AristocRAT “Federalist” Elite who profess themselves to be: the CHOSEN of some pagan Demonic god/s? Pray?

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