Bipartisan Hosing of the American People
The “fiscal cliff” deal will raise taxes for 77% of the American public.
It will create a drag on the economy equal to 1% of the grodd 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.