posted on Dec, 24 2012 @ 09:35 AM
There is no need for fear mongering should the economy falls off the cliff.
Just stick to the facts and realities.
Although the automatic cuts and hikes will start on Jan 1, It will be sometime before everything kicks in, for example, the tax hikes will only take
place on the next financial year - April 2014, not April 2013.
The fat cats know this fact, and will attempt to rob as much as possible from the american people before fleeing to tax havens just right before april
Thus, unemployment will continue to shrink till 2014 arrives.
As for the cuts in social expenditure, it will hit extremely hard once the budget for the financial year is announced. However, as the economy is
improving, with more jobs being created in manufacturing and services and better wages given, it will help offset the pain.
Futhermore, what is needed is for the philanthropic organisations to go full steam to raise funds to help in local american social expenditure
expenses such as orphanages, old folks homes, hospital expenses, etc.
As for the churches, it is high time to open up their bank accounts to help their congregations, espacially the mega-churches. No more excuses of
saving up for a rainy day, as the rainy day had already come.
They MUST NOT dole out such funds to charity, unless necessary. Giving to charity is good but is droping money into a sinking hole. The church must do
what our Messiah had taught - give a man a fish, you feed him a day, but teach him how to fish, and you will feed him for life.
It is time the church get business experienced directors into the board, to source out promising ventures to helps to create sustainable jobs for as
many as possible. It could be as simple as helping a homeless but reliable housewife to set up an online trinket production website to energy
production manufacturing. The church has the funds for it, if it ever dares to open up its books clean.
Utimately, should the economy goes over the cliff, it will be the rich whom will suffer the most later. By 2014, there is no tax havens to run to.
America is the safest and stable nation with rule of law on Earth, despite the delusions of some who are claiming other nations are 'decoupling'
from the american dollar.
Which merchant dares trust dictatorships such as China, Russia and Iran? Who dares trust the corrupted Brazilians and Indians? Bankrupted EU? Better
the masses wake up to realities, and not be fooled. Finance grads and market savy investors know where the bread is buttered.