Tip:
Highlight text to annotate it
X
TO THE NEXT ELECTION CYCLE.
WITH A SECOND TERM AHEAD OF HIM,
PRESIDENT OBAMA FACES THE URGENT
TASK OF THE SO CALLED FISCAL
CLIFF THAT ECONOMISTS SAY COULD
SEND THE COUNTRY BACK INTO
RECESSION.
EXPIRING BUSH-ERA TAX CUTS AND
ACROSS- THE- BOARD SPENDING CUTS
TO THE PENTAGON AND DOMESTIC
PROGRAMS. THAT COULD TOTAL 800
BILLION DOLLARS NEXT YEAR. THIS
CREATES A PREDICTABLE PROBLEM
THAT WILL LIKELY END IN EITHER
COMPROMISE OR .... DISASTER.
IT'S GOING TO BE REALLY BAD, THE
NEXT COUPLE MONTHS ARE AS BAD A
MOMENT THAT ANY PRESIDENT HAS
PROBLEM, YOU SEE THE DANGER, HOW
THIS?
PRESIDENT OBAMA SAID HE INTENDS
TO STAND BY HIS PROMISE TO RAISE
TAX RATES ON UPPER INCOME
BRACKET EARNERS. HOWEVER,
REPUBLICANS HAVE LEFT THE DOOR
REVENUE AS PART OF A DEAL TO