What congress decides to do. But i think its important for the American People to understand exactly what this fiscal cliff is. Because its actually not that complicated. The tax cuts that were introduced in 2001, 2003, 2010, those were extended and theyre all about to expire at the end of the year. So on midnight, december 31st, if congress doesnt act, then everybodys taxes go up. And for the average family, that could mean a loss of 2,000 in income. For the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which ans that theyre less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and were seeing signs of recovery in housing and employment numbers improving. So what Congress Needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. And this was a major topic of discussion throughout the campaign. W
Cast your mind back to the language ago time of late 2012. The dust was still settling from the National Elections and pundits said the Immigration Reform was suddenly looking more like a slam dunk. Latinos just reelected president obama by 2 1, the Fastest Growing group in america. Therefore there was an issue circling the obama presidency. Its been a year and a half later, the president s Approval Rating has dropped but not as low as republicans. The two groups continue to blame each other and House Speaker john boehner insists there is still time before campaigners go out to campaign. The what, the house, the whether, and the when are the inside story. The pentagon is the latest place president obama is turning in an effort to change immigration rules in this country. The department of defense is evaluates whether to allow immigrants who came to the u. S. Illegally as children to gain legal status while serving in the military. Young people with a work history and a pardon under mr.
President ick with the this morning and begin with his comments yesterday as the wall street ceo council or he talked about how washington gridlock does not necessarily reflect divisions in our country. Republicans as well. Send us a tweet. Or post on facebook. You can also email us. Let me show you the president in his own words yesterday. He was interviewed by a columnist for the paper. Here is what he had to say about washington gridlock. When you go to other countries, the political divisions are so much more stark and wider. America, the difference between democrats and republicans, we are fighting inside the 40 yard line. You have fooled most people on that in the past couple of months i would say. Betweenld distinguish is rhetoric and tax experts differences. People calles me a socialist sometime, but you have to meet a real socialist to have a real sense of what it is. I am talking about lowering the Corporate Tax rate. My Health Care Reform is based on the private marketplace.
Streets of americas most violent cities. With that i yield. The chair the gentleman yields back the balance of his time. Mr. Wolf i strike the requisite number of words. The gentleman raise as good point and im going to oppose the amendment and ill get into it but wed be glad to work with him to see what we could. Because i think when you have, you know, mr. Fattah knows, when weve had different areas, well be glad to meet with you and a. T. F. To get them to do this. Their budget really hasnt been cut. Its flat. I think theyre 1 million off. This is the only agency that didnt get a big hit in sequestration. But the reason i oppose the amendment and ill get to your issue at the end is it would take a reduction from nasas commercial crew. You have seen the stories where putin said and the head of their Space Program and general said, if we want to get their space station were going to have to use a trampoline. The funds for this program are critical to allow nasa to remain a Development
Temperature ne. Nearly every Single Person i knew thought ben bernanke had a bad hand coming into todays fed meeting. The s p falling 1. 2 , so what happened here . How could so many people get this guy wrong, how could people think he had jack high with all this nonsense . Ben threw in his cards when we werent looking, got a whole new hand. The man is not an idey ideologu. The facts changed so bernanke changed his mind, too. He doesnt care that hes going to get hammered for doing so by the same people who hated what hes done for the Housing Market and what hoose done for the stock market and what hes done for unemployment. As bernanke said, he never spelled out what he was going to say anyway, people just put words in his mouth. Think about what what happened when he said they might have to cut the bond market. D did you notice the home builder stocks were all crushed . I think when bernanke indicated it might be time to stop biography bond he didnt recognize central bonds from all ov