US dollar breaks out on prospects of spending cuts and revenue increases

President Obama speaks on the first steps he is taking to address the fiscal cliff. “I am open to compromise, am committed to solving our fiscal challenges, but I refuse to accept any approach that isn’t balanced,” he says. Here is a direct link.

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3 Responses to US dollar breaks out on prospects of spending cuts and revenue increases

  1. Robert Lynn says:

    Danielle, please read “Rules For Radicals” by Saul Alinsky. It lays out in detail everything Obama does or says.

  2. William says:

    Obama a radical ? Obama is so extremely “DC Establishment Party”. Obama needed money to run his re-election campagne and therefore accepted money from the Healthcare Industry. And as a result the US got “Obamacare”. Even under G.W. Bush (government) healthcare coverage was extended (Medicare part D). Medicare part D & Obamacare both are an additional burden on the US economy.

    The situation is crystal clear: Either we get a deal between the Democrats & Republicans or the US will go off the “fiscal cliff”. In both situations the financial burden on everyone will increase. John Boehner was close to accepting a deal (to cut spending) with the Democrats but he didn’t get enough support from his party to go ahead.

  3. Roberta says:

    Peter Schiff will now explain the “The Fiscal Cliff”:
    http://www.europac.net/commentaries/extend_and_pretend

    He nailed it.

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