Further budget fights threaten to keep US growth and hiring sluggish for much of 2013

  • Article by: CHRISTOPHER S. RUGABER and PAUL WISEMAN , Associated Press
  • Updated: January 3, 2013 - 5:38 AM

WASHINGTON - Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy.

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karen2418Jan. 3, 13 2:47 PM

"And part is what it didn't do (prevent the likelihood of more growth-killing political standoffs)." No. No. No. Thanks to Democrats in the Senate, President Obama, Republicans who caved in to this kind of logic, our government agreed to spend an extra $42 more for every $1 it cuts in a budge that spends $11 for every $5 it takes in. We're broke. Thanks to Democrats and Fed Chairman Brenanki who has kept interest rates artificially low, we're in a Keynesian Depression with dollar-printing acupuncture pins preventing us from feeling any pain. As with Leprosy, the lack of pain is a symptom of severe disease. Try going to your boss with a demand that she increase your salary by $42 with only the promise that you'll do one dollar of extra work. She'll laugh you right out the door.

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