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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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From: KirbyJF1	7/16/2012 1:35:01 PM
	of 1876

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households. Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise In a speech Monday, Sen. Patty Murray (Wash.), the Senate’s No. 4 Democrat and the leader of the caucus’s campaign arm, plans to make the clearest case yet for going over what some have called the “fiscal cliff.” “If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,” Murray plans to say, according to excerpts of the speech provided to The Washington Post. Looks to me as if both sides won't budge- So keep most of your $$$$$ dry. Picked up a few hundred shares of AOD a closed end mutual fund paying 15% with a monthly dividend. Kirby

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