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Aug 2, US-living on borrow time from debt disaster

http://www.usdebtclock.org/  (From - 14.4 Tri...) rising.....another xx trillion...??.

teeth53      ( Date: 23-Jul-2011 14:56) Posted:   President Obama and Treasury chief Tim Geithner will have to make hard calls about who gets paid if debt ceiling isn't raised. teeth53      ( Date: 22-Jul-2011 21:27) Posted: America's Debt Crisis   S& P briefs GOP lawmakers on fallout Credit ratings agency and Wall Street groups met with House Republicans to educate them about a downgrade.  More Beware debt ceiling vote  - After a deal is struck, rank-and-file lawmakers will still have to vote. It might not go well.  More States brace for default Beware the debt ceiling vote NEW YORK (CNNMoney) -- The debt ceiling talks, for weeks now, have been going on behind closed doors. The negotiations have been conducted by a tiny group of legislative leaders and President Obama's top aides. All the while, the countdown to Aug. 2, when the government will no longer be able to pay all its bills, has marched closer. Any proposal will still have to be put into legislative language, scored by the Congressional Budget Office and vetted by rank-and-file lawmakers whose votes will decide its fate. Even after the principal negotiators announce a deal, the rest of Congress will have to be convinced to go along. The closer to D-Day Washington gets, the messier it will be.

 

http://www.usdebtclock.org/ (U.S. Debt. Going up soon...??)


 

 

 

" fiscal cliff for a time" ...being shift to another level. Playing politics with fire. " Potentially a real.ly ugly fight."

 

Republicans pledged no tax increases, two mths from now, will see yet another cliff hangar stress going to test Obama administration.

Political ego, precarious dilemma that will test yet another last minute to dealt with.

 

No need to worry now, maybe later.  The US politicians are playing politics but they know there is a limit to their nonsence.

Hulumas      ( Date: 01-Jan-2013 12:52) Posted: Oh....oh, I am so worried. Is US fiscal cliff unavoidable?

 

Another wait, a smaller agreement for fiscal cliff - 8 weeks to bigger battle...for now peace B4 and after CNY.

M& A, with abit more bullish on IPO-ing stk await 2013 on Asian scene.

 

Will Globalization of privatization  be on trend then? Preventing the disintegration of ..., is the upmost worried task then!

teeth53      ( Date: 31-Dec-2012 18:09) Posted: America's Debt Challenge Geithner: U.S. to hit debt ceiling on Monday Government borrowing will hit the debt ceiling on Monday, Geithner says in letter to Congress. Treasury will soon start using 'extraordinary measures' to keep borrowing under the cap, and this... Debt ceiling is the next fiscal cliff Lawmakers are showing few signs they are ready to deal with the debt ceiling soon or cleanly. More

 

Oh....oh, I am so worried. Is US fiscal cliff unavoidable?

 

Geithner: U.S. to hit debt ceiling on Monday

Government borrowing will hit the debt ceiling on Monday, Geithner says in letter to Congress. Treasury will soon start using 'extraordinary measures' to keep borrowing under the cap, and this...

Debt ceiling is the next fiscal cliff

Lawmakers are showing few signs they are ready to deal with the debt ceiling soon or cleanly. More

 

http://money.cnn.com/2012/12/30/news/economy/fiscal-cliff-no-deal/index.html?iid=HP_LN

Failure by Congress to avert the tax increases and spending cuts will cause continued uncertainty and headaches for consumers and businesses about paychecks, tax returns, investments and more.

One day  left to  new yr, Congress n White Hse have yet to agree on a way to avert the fiscal cliff.

Lawmakers still at odds on last day before fiscal cliff

 

GLOBAL MARKETS-Stocks down as U.S. aims to avoid 'fiscal cliff'

ASIA CREDIT OPEN: Fiscal Cliff hopes fade as deadline nears

 

 

http://money.cnn.com/2012/12/29/investing/stocks-lookahead/index.html?iid=HP_LN

" It doesn't have to be sharp," he said. " A 20% drop would be astounding, but a modest drop would not be surprising."

No deal, more volatility: Investors could be in for a rude awakening on New Year's day. Despite the political and economic stakes, it's not a given that Congress will act.

 

But now that President Obama has been re-elected, and Democrats have retained control of the Senate, there's a far greater chance that high-income households will soon face higher tax bills.

 

Both President Obama n the Republican control house is working overtime...On fiscal cliff  to avoid U.S. $600 billion tax hike.


America's Debt Challenge and the fiscal cliff provisions are wide-ranging.

The middle class, for instance, could see the 2% payroll tax holiday disappear. So someone making $50,000 might get about $83 less a month in their paychecks.

The alternative minimum tax, which could strike roughly 28 million people, many of whom are in the middle-class.

 

 

Working overtime...On fiscal cliff

To avoid U.S. $600 billion tax hike. Both President Obama n the Republican control house.

http://money.cnn.com/2012/12/28/news/economy/fiscal-cliff-middle-class/index.html?iid=s_mpm

Related: What happens to the economy if we go over the cliff?



  " Going over the fiscal cliff will raise taxes on 90% of Americans," said Roberton Williams, a senior fellow at the Tax Policy Center.

 

 

 

teeth53 thot: Look like it is not going 2b a big cliff, fiscal event...end of the day.

Fiscal cliff optimism signals gains Dec 18 8:41am:

Is there light at the end of the tunnel?  More

Stocks gains: Fiscal cliff optimism signals gains

 

 

 

The source  is to print alot more U.S. dollars to keep it jobless and  economy going, there by also will price it U.S. dollars cheaper.

 

The start of QE 3, which Ben mentioned will continue to buy up to 40 billion worth of bond every month.

 

http://money.cnn.com/2012/08/15/investing/wall-street-layoffs/index.html?iid=Lead

  Analysts estimate banks will cut another 10% - 15% of staff by early 2013.  More

 

http://globalvoicesonline.org/2012/06/04/greece-stay-in-europe-movement/

A new  movement,  “Stay in Europe” [el], aims to gather all Greek citizens who want Greece to remain in the Eurozone and European Union in  a big demonstration in front of Syntagma Square in Athens one week before elections (June, 10, 2012). The movement has started an online campaign calling all people, regardless of their  political  views, to send a strong message to the future  government.

http://translate.google.com/#

Three generations of Greeks fought and achieved the independence of Greece, the democratization of society and the equal participation in the European Union.

This affects not only brutally income, but also endangers the European position in the country. The prospect of a Greek outside Europe will not only negate the sacrifices of previous generations, but mortgaged the future and the next.

As active citizens, regardless of party and political positions, from our social and economic position, and any difference between us, unites and affirms its June 10 at 7pm in Constitution Square. We send a simple but firm message:

The presence of Greece in the European Union and the Euro is non negotiable.