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Mr. Burns explains the fiscal cliff: Give the rich money or we’ll kill the economy
At the Springfield Republican Party HQ, which now acknowledges that “rape is bad,” Mr. Burns of The Simpsons unveiled his new post-election plans on Tuesday. After being informed that despite Karl Rove’s claims, Republican candidate Mitt Romney had lost the presidential election, the Machiavellian billionaire admitted it was time to…
Jon Stewart: Fiscal cliff like firing an asteroid at ourselves
The Daily Show host Jon Stewart took on the fiscal cliff Thursday night. The late-night comedian noted the combination of across-the-board spending cuts and tax increases were created by Congress to motivate legislators. Stewart said the situation was like shooting an asteroid at the Earth to make sure we put…
Why I can’t get excited about the ‘fiscal cliff’ (and why it’s bullsh*t)
Official Washington, and its official chroniclers in the press corps, are quite excited for the OK Corral-like showdown over the December 31, 2012 expiration of tax cuts and the January 1, 2013 imposition of “Obamacare” tax increases and automatic spending cuts related to the failure to pass a real budget…
Watch live: Boehner talks about fiscal cliff negotiations
Watch live, broadcast on NBC News on Nov. 28. Visit msnbc.com for breaking news, world news, and news about the economy…
U.S. stocks fall amid fiscal cliff fears
NEW YORK — US stocks fell Tuesday as fiscal cliff worries overshadowed encouraging US economic data and investors shrugged off Greece’s revised bailout deal. The Dow Jones Industrial Average shed 89.24 points (0.69 percent) at 12,878.13. The broad-market S&P 500 lost 7.35 (0.52 percent) at 1,398.94, while the Nasdaq Composite…
Stocks soar on hopes of fiscal cliff deal
NEW YORK — US stocks surged Monday on upbeat housing data and hopes that politicians will find a way to avoid the so-called “fiscal cliff” of automatic tax hikes and spending cuts in January. The jump was underpinned by Apple, the most valuable public company, which took a 7.2 percent…
Norquist: Obama won because voters thought Romney was a ‘poopy-head’
Anti-tax crusader Grover Norquist says that President Barack Obama did not win re-election because of his promise to raise taxes on the wealthy, but it was because attack ads made voters thing that Mitt Romney was a “poopy-head.” During a Monday interview on CBS, Norquist suggested that Republicans had a…
IMF: U.S. political infighting over ‘fiscal cliff’ threatens global economy
Political infighting over the “fiscal cliff” threatens to wipe out the US’s fragile recovery with “very bad” consequences for the rest of the world, a senior International Monetary Fund economist warned Thursday. Updating its annual report on the US economy, the IMF said the recovery remained “tepid”, and risks to that recovery had…
IMF cuts U.S. growth forecast, warns against ‘fiscal cliff’
The International Monetary Fund on Tuesday pared its growth forecast for the US economy this year, warning against a “fiscal cliff” at year-end and the Obama administration’s proposed spending cuts. The IMF estimated 2012 US economic growth at 2.0 percent, down from April’s forecast of 2.1 percent, and said that…
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