The Plunder Continuesby Tim KellyJan. 12, 2013 |
'We Also Slaughtered Innocent People in Massive Numbers': Gen. Milley Gives Bizarre Defense of Israel
AIPAC-Funded Congressmen Push for 'October 7th Remembrance Curriculum' to be Taught in Schools
GOP Bill Aims to Designate Student Protesters As 'Terrorists' And Put Them On The No Fly List
Report: Major Media Outlets Partnered With AI Company Are Filling Google With AI-Generated Trash
House GOP Drafting Impeachment Articles Against Biden for Threatening to Halt Aid to Israel
It was clear the fix was in the moment the term “fiscal cliff” was coined to describe the series of spending cuts and tax increases that were set to kick in on January 1, 2013. The American people were told in 2011 that the debt ceiling needed to be raised again to avert an outright default on the national debt. So the Budget Control Act of 2011 was passed, which authorized the Treasury to borrow an additional $2.1 trillion — enough to keep the federal government operating until December 31, 2012. But this act also imposed a series of automatic spending cuts (sequestration) and tax increases to address the country’s debt crisis. Read More |