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View Diary: What the fiscal cliff means for the middle class (54 comments)

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  •  I think you meant "quantitative easing"? (0+ / 0-)

    That's how I've heard it...and it's not the problem that has caused our credit rating to be downgraded. That was entirely caused by our dysfunctional Congress threatening default instead of simply raising the debt ceiling as needed. The other contributing factor is that same Congress being unable to pass a budget or signal any kind of long term plan for deficit reduction. Basically, our problem is an unstable government (i.e., the House controlled by nutcases).

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Fri Nov 16, 2012 at 08:38:24 PM PST

    [ Parent ]

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