Day: November 21, 2012
Our President Has a Plan. Congress must be led by his good counsel.
Graphic: @BarackObama's plan to keep your taxes low and reduce the deficit my.barackobama.com/Share-This-Gra…
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Yes We Can (@GoodOleWoody) November 21, 2012FISCAL CARTOON #3
RED CROSS EFFORTS IN THE RECENT NORTHEAST DISASTER
FISCAL CARTOON #2
FISCAL CARTOON #1
Stephen Colbert’s Mix of Politics, Infidelity and Susan Lucci
HAPPY THANKSGIVING, STEPHEN!
What kids learn on the Internet
Sit, Rover!
CELEBRATE CHRISTMAS WITH A “TURDUCKEN”
HAPPY THANKSGIVING!
Bernanke warns Congress to avoid ‘fiscal cliff’
1:36PM EST November 20. 2012 – WASHINGTON (AP) — Federal Reserve
Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.
Without a deal, the measures known as the “fiscal cliff” will take effect in January.
Bernanke also said Congress must raise the federal debt limit to prevent the government from defaulting on Treasury securities. Failure to do so would impose heavy costs on the economy, he said. Bernanke said Congress also needs to reduce the federal debt over the long run to ensure economic growth and stability.
Uncertainty about all these issues is likely holding back spending and investment and troubling investors, the Fed chairman said in a speech to the Economic Club of New York.
Resolving the fiscal crisis would prevent a sudden and severe shock to the economy, help reduce unemployment and strengthen growth, he said.
“A stronger economy will, in turn, reduce the deficit and contribute to achieving long-term fiscal sustainability,” Bernanke told the group.
Continue reading “Bernanke warns Congress to avoid ‘fiscal cliff’”
