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May 17, 2012

Federal Reserve: Real Threat of Fiscal Cliff

Even the Federal Reserve, which was the last institution to realize we had a credit crisis in 2008, is blowing the whistle on the urgency of our fiscal problems. What is Congress doing about it? Debating tax increases that would raise $4 billion while the deficit remains at $1.5 trillion per year. When are we going to wake up and face this issue head on?

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