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***********/watch?v=CR8j4PnAd7k - What is the fiscal cliff, and how do we avoid it? The fiscal cliff will be crossed on Jan. 2, 2013 when $530 billion in tax increases and spending cuts at the federal level take place due to a previous budget agreement between Congress and the Obama administration. Since Congress and the Obama administration could not reach an accord to reduce the federal budget deficit, a series of automatic tax hikes and decreases in spending will take place instead to achieve the necessary savings. This is much like the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act from 1985. The fiscal cliff will pack a one-two punch to U.S. cities that are already burdened by heavy debt loads, and raise taxes on U.S. households struggling to recover. What is the Fiscal Cliff Effect on the U.S. Economy? According to the Congressional Budget Office, a non-partisan organization, if there is no other agreement and the fiscal cliff is crossed on Jan. 2, the United States could fall back into a recession in 2013. That will have a tremendous negative impact on the global economy as Europe is in a recession and economic growth is slowing in China and India. Based on the 320-point drop in the Dow Jones Industrial Average the day after President Obama's re-election, Wall Street is not bullish about the future of the economy. Reinforcing this negative outlook, Fitch Ratings stated there would be no "fiscal honeymoon" for the Obama administration. Along with hitting the fiscal cliff, the U.S. government will reach the debt ceiling of $16.4 trillion. In a statement, Fitch Ratings warned that, "The economic policy challenge facing the president is to put in place a credible deficit-reduction plan necessary to underpin economic recovery and confidence in the full faith and credit of the U.S." Standard & Poor's, another of the major rating services, downgraded the credit grade of the United States in August 2011 from AAA to AA+. And that could be repeated in 2013.
15 Nov 2012
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*******www.penurystreet**** The Fiscal Cliff is a large, all-inclusive expiration date on a host of government tax cuts, finance relief programs and budget increases. Once the expiration date on these numerous programs runs out, it is expected the United States will go into a political gridlock, with both parties fighting bitterly for their own ideology and agenda which might sink the US into a second recession. Facebook - *******www.facebook****/PenuryStreet Twitter - ********twitter****/PenuryStreet Pinterest - *******pinterest****/penurystreet/
5 Dec 2012
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Each week on How I See It, Ted Ohashi discusses current business themes from an experienced yet fresh perspective. This week, Ted discusses the Fiscal cliff and how although it is a significant potential problem, the majority of the political discussions surrounding it are contrived.
21 Dec 2012
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Fiscal Cliff facing America
24 Dec 2012
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*******homesurvivaltraining****/silverbuyerssurvivalmanual Learn why "SILVER" will be the new super metal during the coming Fiscal Cliff. See why silver out weighs gold as the fiscal cliffs alternative currency.
29 Dec 2012
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*******homesurvivaltraining****/silverbuyerssurvivalmanual Learn why "SILVER" will be the new super metal during the coming Fiscal Cliff. See why silver out weighs gold as the fiscal cliffs alternative currency.
5 Jan 2013
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Capital Gold Group is a BBB Accredited Business. Listeners are welcome to receive a free precious metals guide by going to*******www.startwithgold****/gold-guide/ or call 1(800)510-9594. If you'd like to listen to the rest of the show, visit StartWithGold**** to subscribe to the podcast. According to the Federal Reserve Chairman, a fiscal cliff is imminent "when taxes rise and deep spending cuts kick in." As we have noted for over the past year, the government is in trouble and is looking to print more money. As the Government does this, the value of gold is likely to rise. Gold is precious for a reason, because it is finite. It is not a fiat currency like paper cash, which is why in uncertain economic times it's value usually increases.
8 Aug 2012
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Markets Are Forcing A Fiscal Cliff Resolution
9 Nov 2012
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On Deck Next Will Be The Fiscal Cliff, Euro, And The Bernank
20 Nov 2012
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Fiscal Cliff Deal Is Just More Kicking The Can Down The Road
2 Jan 2013
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Fiscal Cliff Bipassed: Markets Surge But Storm Clouds Form
3 Jan 2013
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Can The Fiscal Cliff Euphoria Continue?
3 Jan 2013
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