Best Thing Is Go Straight Off Fiscal Cliff - Karl Denninger & Greg Hunter Video
By Greg Hunter’s USAWatchdog.com
Analyst Karl Denninger says, “The best thing we could do as an economy is go straight off the fiscal cliff and not come back because that would take about half of the deficit off the table immediately.” The reason why the U.S. deficit is so large, according to Denninger, “Both sides want to spend more than they take in in taxes.” Denninger says the Federal Reserve enables the U.S. to live well beyond its means. Denninger contends, “The $85 billion a month the Fed is putting into the system enables deficits and spending. . . . When you debase the currency in this fashion, there is no free lunch.” One thing that needs to be fixed is the Alternative Minimum Tax (AMT). Denninger says, “It is going to hammer tens of millions of middle class families that have never had to pay it before.” Instead of a tax refund, some middle class families might owe a few thousand dollars in 2013. The AMT might get a patch, but Denninger thinks, “There will be no deal on the Fiscal Cliff by January 1st.” Join Greg Hunter as he goes One-on-One with Karl Denninger of Market-Ticker.org.
Related Posts:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).