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Thursday, January 3, 2013

Yahoo!: Winners and losers of fiscal cliff deal

This 'reached' deal supposedly has warded off and prevented us from going over the fiscal cliff. I am not so sure though if this is for the best or for the worst. In my humble opinion, I wouldn't even have gone as far as calling it a deal.

It seems more like a compromise just to keep us from going over. We may have been better off taking the plunge. Although it comes across like we avoided the fall, we have to do it all over soon enough and still might find ourselves hitting rock bottom.

The deal is nothing to shout about. There are more losers than winners. If you have a job then you are a looser, no pun intended. You will bring home 2 percent less this year, as opposed to last year and the extra 2% payroll tax goes into the winner's pocket; the federal government.

I can't shake this eerie feeling that we haven't seen the end of it yet. I don't think we have to guess as to what the outcome eventually will be. It is one of those situations in which it doesn't matter whether you get bit by the cat or the dog.

It hurts either way!



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