From Hang the Bankers
By Paul Craig Roberts
''Is the “fiscal cliff” real or just another hoax? The answer is that
the fiscal cliff is real, but it is a result, not a cause. The hoax is
the way the fiscal cliff is being used.
The fiscal cliff is the result of the inability to close the federal
budget deficit. The budget deficit cannot be closed because large
numbers of US middle class jobs and the GDP and tax base associated with
them have been moved offshore, thus reducing federal revenues.''
''America is going to crash big time.
And the rest of the world will be thankful. America along with Israel
is the world’s most hated country. Don’t expect any foreign bailouts of
the failed “superpower.''