Monday, December 17, 2012

Why the Fiscal Cliff is a Big Joke

During the past 4 years the Federal Government has spent on average $100 Billion more a month than it brings in.  What is amusing too me is that even if an agreement is done Federal Revenues will likely not exceed an extra 100 Billion per year for the next 10 years.  Thus unless significant spending cuts are made  Federal Deficits will continue to grow substantially in the years ahead.   

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