Thursday, September 27, 2012

Recession is PLANNED: President and Congress Do NOTHING

The Heritage Foundation has it in plain English. The recession is coming in 2013. ONLY Congress and the President can do anything to stop it from happening. So far, they have refused to act. 

"The Congressional Budget Office has forecasted a fresh recession to hit next year if Taxmageddon, a nearly $500 billion tax increase, hits the nation and Congress and the President drive us off the “fiscal cliff.” President Obama has done nothing but ignore this warning.

In a new report, Heritage’s J.D. Foster explains that the very fact that we can see a recession coming is shocking. “Economic forecasters almost never forecast recessions,” he says. “Those few who do forecast recessions do so with great frequency and belong to the doom-and-gloom school of economics.” Yet we can see this one a mile the full post here.

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