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Obama has led US to 338bn bill - and to the edge - and to the edge of a financial abyss
MAILONLINE ^ | 11 Nov 12 | Simon Heffer

Posted on 11/11/2012 9:32:17 AM PST by elhombrelibre

On the streets of Manhattan last week, the American public were more concerned about the delay in restoring their public services after Hurricane Sandy than about the entrails of politics following the presidential elections.

New York votes Democrat. It took for granted that Barack Obama would get a second term, and did not look much beyond that.

Now, though, all America is having to peer into an abyss – or, to use the metaphor of the moment, over a ‘fiscal cliff’.

It describes the moment on January 1 when, unless the Republican-controlled House of Representatives and the Democrat President come to an agreement, huge tax rises will be accompanied by some deep federal spending cuts that experts fear will tip the country into recession.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Government
KEYWORDS: altereddate
Keep in mind that we can turn to foreign sources to find out what is happening in the US.
1 posted on 11/11/2012 9:32:20 AM PST by elhombrelibre
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To: elhombrelibre

Rabid Reid is about to try and raise the debt ceiling another $2.4 trillion. That should do us for 2013, huh?


2 posted on 11/11/2012 9:38:36 AM PST by Gaffer
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To: Gaffer

Opposition to Obama-ism is racism. Spend it all until there is no more money.


3 posted on 11/11/2012 9:49:15 AM PST by elhombrelibre ("I'd rather be ruled by the Tea Party than the Democratic Party." Norman Podhoretz)
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To: elhombrelibre; All

Let me be clear: 0bama is taking the REST of the financial world down with us.


4 posted on 11/11/2012 9:54:11 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: elhombrelibre
Not to worry - the Fed's buying up everything that the Chineese won't. We call it “printing money”, but it's even simpler than that - it's where the debits of the Fed become the credits of Treasury without so much as a drop of ink being used... Viola - new IOUs to pay off the devalued old IOUs
5 posted on 11/11/2012 9:57:15 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: elhombrelibre
Duplicate post, I know, I posted it.

http://www.freerepublic.com/focus/f-news/2958148/posts

6 posted on 11/11/2012 10:15:11 AM PST by ducttape45
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To: elhombrelibre

the Foreign News Service is the ones that are divulge what the media in the uS will not. Pretty soon we will have to read Pravda only to get the truth of what is happening in DC. canada Free press gives more information than many of the US Papers. i can read the Guardian Telegraph from Great Britian and know more from them than even the Wall Street Journal (since it merged with NBC, it is not reliable on the radio0


7 posted on 11/11/2012 10:32:13 AM PST by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: Gaffer
A couple trillion here, a couple trillion there, soon we will be talking about real money.
8 posted on 11/11/2012 10:33:44 AM PST by fhayek (All senses of irony intended in this post.)
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To: elhombrelibre

I believe that”Sandy”did aid Obama but not because it gave him a brief “window”to appear”Presidential”;I believe it was a DISTRACTION from the importance of this election!!!!!!


9 posted on 11/11/2012 10:49:24 AM PST by bandleader
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To: elhombrelibre

Lenin knew well that before there can be a revolution and a communist takeover of the governing apparatus, the country must be deep in crisis - a lesson not lost on Premier Hussein.


10 posted on 11/11/2012 11:34:23 AM PST by Jack Hammer
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To: Jack Hammer
Lenin knew well that before there can be a revolution and a communist takeover of the governing apparatus, the country must be deep in crisis - a lesson not lost on Premier Hussein.

Hitler knew the same thing.

11 posted on 11/11/2012 11:35:42 AM PST by dfwgator
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