11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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If we go over the clift maybe l'll be able to get in line for a free Obamphone.
Does Anyone think barry will get a budget passed in 2013..?
Don't think America has had one for several years..under Barry's rule..
The members of Congress know how to stop this, but it amounts to politicial suicide to do so. Constituents will rebels if taxes on them are raised or their favorite government program is cut substantially and throw their "bum" out. So we are actually hostage to 535 egos.
Solution? Tell everyone in Congress that this is their last term in office unless they fix it, no matter how painful the process and the results are.
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[BRIEFING.COM] The stock market finished the Tuesday session on the defensive after spending the entire day in a steady retreat. The S&P 500 (-0.6%) posted its third consecutive decline, while the small-cap Russell 2000 (-0.9%) slipped behind the broader market during afternoon action.
Equity indices were pressured from the start following some overnight developments that weighed on sentiment. The market tried to overcome the early weakness, but could not stage a sustained rebound, ... More
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