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U.S. Fiscal Crisis-A Temporary Truce in Congress

October 17th, 2013

The Dysfunctional  American political establishment, already presiding over a very real fiscal crisis due to an economy totally dependent on structural mega-deficits, has most recently added a self-created fiscal crisis, with one third of all federal government workers laid off due to a government shutdown, and debt default for the U.S. Treasury rapidly approaching. At almost the last possible moment, it appears that Congress will approve a Senate-led compromise, which would allow the American government to, in effect, reopen for business, alongside an extension of the debt ceiling, currently set to reach the maximum allowable figure at present on October 17.

According to details thus far being reported, it appears that the deal likely to be approved by the U.S. Congress will allow the government to reopen through February 7, 2014 and debt default avoided  for now by extending the borrowing limit, currently set at $16.7 trillion limit, through January 17, 2014. In other words, nothing is really resolved; all that is agreed on is to kick the proverbial can down the road for a few more weeks, when the next politically-manufactured fiscal crisis will occur. Wall Street, however, only thinks of the short-term, which is why the Dow Jones is soaring once more at this example of legislative  “craftsmanship” by America’s inept politicians.

If Hillary Clinton runs for President of the United States  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:

Hillary Clinton Nude


Hillary Clinton Nude


To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.
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