Just What is the “Fiscal Cliff?”

As we approach the end of 2012, you’ve likely heard lots of talk among politicians and the media about the impending “fiscal cliff.” This term refers to a combination of tax increases and spending cuts that are slated to take effect in January 2013 if Congress fails to take action. But how will this affect you?

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Payroll Tax – 2013 will bring the expiration of the payroll tax cut enacted by Congress in 2011. Starting next year, the current employee payroll tax rate of 4.2 percent will go back to 6.2 percent.

(THE DE FACTO NATIONALIZATION OF THE US ECONOMY) USA Slipping and Sliding Towards Fascism – The Dollar Vigilante Blog -

I never watch the State of the Union in the US. I just can’t stand someone looking into my eyes and lying to me for an hour. But I sometimes like to skim the transcripts after, mostly for entertainment, to see how they spin everything.

But the one thing I’ve noticed is there are never any tangible plans or strategies laid out. It’s pure demagoguery. But, behind the scenes, the US Government is working to transform the country in leaps and bounds… and not for the better.

Buried deep in Barack O’Bomber’s 2013 budget is actually a plan to all but outright nationalize the US Economy.

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