‘Fiscal Cliff’ Not as Bad as Coming Economic Stagnation?

Handwriting on the Wall (Crespo)

Notice the following:

Fiscal cliff isn’t America’s worst money problem…If the U.S. does not take decisive action, which seems the more likely course, then U.S. growth would be less-impaired in the short run — but America’s debt position will become increasingly problematic.

America’s long-term growth prospects will also be adversely affected. Moreover, any slowdown in U.S. demand will affect China, Europe and other major U.S. trading partners, which in turn would have a detrimental impact on those economies’ trading partners.

In addition, U.S. dollar devaluation will pressure other nations to implement measures, such as zero interest-rate policies, quantitative-easing programs or capital controls, to halt or at least slow the appreciation of their currencies to avoid reductions in competitiveness. Foreign investors in U.S. dollars and government debt are likely to suffer losses on their dollar-based and government bond holdings. http://www.marketwatch.com/story/fiscal-cliff-isnt-americas-worst-money-problem-2012-11-13

Within hours of the reelection of President Barack Obama, American manufacturers and other employers announced massive layoffs. The reason: the high cost of complying with the Affordable Care Act, known as ObamaCare, and the anticipated economic stagnation that will accompany another four years of the leftist president’s plans for centralization. http://www.thenewamerican.com/economy/item/13619-layoffs-begin-after-obama-reelected

As long as the government continues to run deficits higher than the rate of economic growth and promulgate regulations that don’t meet cost-benefit tests, the United States will continue to stagnateor worse. To date, there appears to be nothing in “fiscal cliff” negotiations that will reverse this course. RAHN: Misdiagnosing the stagnation – Washington Times http://www.washingtontimes.com/news/2012/nov/12/misdiagnosing-the-stagnation/#ixzz2C9D2Yy7x

Of course, we have had a lot of economic stagnation, but in many ways it will get worse.

Interestingly, just got an email newsletter that has the following in an article by Joel Bowman titled The game behind the game of “fiscal chicken,” :

Here’s Bloomberg News, describing “how a game of fiscal chicken could turn into a cliff dive.”

“The subtext of the fiscal cliff battle between Democrats and Republicans is a dispute between going fast and going slow.

“Democrats want to capitalize on the political momentum from President Barack Obama’s Nov. 6 re-election and reach an agreement that moves policy in their direction with higher taxes on top earners. Republicans want to avert the $607 billion cliff while extending the current lower tax rates, yet they have a good reason for waiting to endorse a deal. Every day puts the 2012 election farther away and brings the country closer to reaching the $16.4 trillion debt limit, an action-forcing event that can give Republicans a political edge.”

We’re all seeing and hearing a lot about the impending “fiscal cliff moment,” when a combination of tax break expirations and government spending cuts will combine to knock the US economy back into recession…or worse. Where will the cuts come from? Social programs and…gulp!…the nation’s euphemistically named “defence” budget.

It is unfortunate that politicians tend to “play politics” on serious economic and other issues.

Though some in the world are starting to notice this, the time will come when the creditors of the USA will finally decide to rise up quickly and the USA will be taken over (Habakkuk 2:6-8).

The fiscal cliff, the debt, and the increased acceptance of sexual immorality, will lead to destruction (Romans 1:18-32; cf. Daniel 11:39).

Economic stagnation will be a contributing factor to civil unrest that will hit the USA. The USA debt and other economic problems are serious. Do you see the handwriting on the wall yet?

To learn more, please check out the following articles:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about?
What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
Barack Obama, Prophecy, and the Destruction of the United States This is a new 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about Mitt Romney. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies? What About Mitt Romney?
Barack Obama, Prophecy, and the Destruction of the United States–Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it: Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon’s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States–Amazon Kindle edition.