The Plunder Continuesby Tim KellyJan. 12, 2013 |
Mike Johnson Pushes Debunked Lie That Israeli Babies Were 'Cooked in Ovens' On October 7
'It Has to Be Stopped': Netanyahu Demands Pro-Palestine Protests at U.S. Colleges Be Shut Down
'These Protesters Belong in Jail': Gov. Abbott Cheers Arrest of Pro-Palestine Protesters at UT Austin
Claim Jewish Student Was 'Stabbed In The Eye' by Pro-Palestine Protester Draws Mockery After Video Released
'We Aren't Going Anywhere': TikTok CEO Vows to Fight TikTok Ban in Court
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 |