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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Friday, December 28, 2012

Dennis Kucinich on the "Fiscal Cliff": Why Are We Sacrificing American Jobs for Corporate Profits?

As President Obama meets with congressional leaders at the White House in a last-ditch effort to reach a budget deal, we speak to outgoing Democratic Rep. Dennis Kucinich about the so-called fiscal cliff. If an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on January 1. But the tax increases would not necessarily be permanent — the new Congress could pass legislation to cancel them retroactively after it begins its work next year. "We’ve been going in the wrong direction," Kucinich says. "Why haven’t we been talking about stimulating the economy through the creation of jobs? We’ve seemed to accept a certain amount of unemployment as being necessary for the proper functioning of the economy, so that for corporations it will keep wages low. That is baloney. We’re creating our own economic vice here that is entrapping tens of millions of Americans."  Read more...
 


Also read:

Can President Obama, GOP avoid 'fiscal cliff?'

Less than a week after his stunning re-election victory, President Barack Obama has waded into the next major battle of his presidency, the looming "fiscal cliff" of tax increases and drastic spending cuts that could tip the country back into another economic recession at the start of 2013.

Ron Paul On The Fiscal Cliff: "We Have Passed The Point Of No Return" - BlackListedNews.com
 
"We have passed the point of no return where we can actually get our house back in order. They pretend they are fighting up there, but they really aren't. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it." ~ Ron Paul
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