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Ignoring Warnings Can Be Fatal

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opednews.com Headlined to H3 12/16/12

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None of that is likely to happen as tax policy gets all the attention, It looks like Republicans now will compromise on their opposition to increasing taxes on the ultra rich in exchange for more cuts in social programs--the so-called "entitlements."

The rich can afford to pay a bit more although they will probably find more loopholes to keep actual payments down, but people dependent on federal assistance will be hit hard.

The net result of all of this will decidedly not be more economic fairness. A deal between the White House and the Republican dominated Congress will be reached, but its not one that will please progressives.

The "Fiscal Cliff" may then disappear as an issue but icebergs of economic volatility are still rushing our way. Mayday, Mayday!

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News Dissector Danny Schechter directed Plunder, a film on the financial collapse and wrote a companion book, the Crime Of Our Time. He blog at newsdisector.net. He hosts a radio show at PRN.fm. 

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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