One If By Land, Two If By Sequestration: The Budget Cuts Are Coming! The Budget Cuts Are Coming!

We needed across the board cuts of at least 20% to 30%

Or you could cut my 78 year old mother's social security check - currently $787  per month.

Here we have new meeting again That is called meeting meetings meetings President Obama will on Monday morning.hold the last news conference of his first term at the White House. 

Officials say Obama will take questions in the White House East Room at 11:15 a.m. EST. The event comes one week before the president's ceremonial swearing-in and inaugural address for a second term.

Among the issues the president is expected to address Monday are looming fiscal fights with Congress, particularly over raising the nation's debt limit, and his administration's efforts to curb gun violence. The president is expected to receive a report on Tuesday from Vice President Joe Biden, who has been leading a task force on ways to reduce violence. I thank you Firozali A.Mulla DBA

European equities stalled on Friday, with weak economic data from the United States and concerns about the scope for more stimuli in China giving investors the excuse to lock in profits on a New Year rally to multi-month highs. The US trade deficit unexpectedly grew in November, suggesting that fourth quarter gross domestic product growth in the world's biggest economy would likely be lower than previously expected. The FTS Euro first 300 index provisionally closed 0.1 per cent lower at 1,163.40 points, retreating from Thursday's two-year peak of 1,170.29 hit on the coat tails of last-minute end-2012 US budget deal to avert steep austerity measures. "We got some fantastic returns in the early days of this year. If we look at valuation and momentum indicator it seems like this rally is reaching the ceiling. Looking at the earnings season, we think there is more downside risk than upside risk on earnings," Peter Garnry, strategist at Saxo Bank, said. "If you take a tactical position around this, you would either underweight European equities or sell out. If you are really aggressive you could go short, and the (German) DAX could be a good way to do that." Others have also started to turn more cautious on equities, with Bank of America Merrill Lynch, Credit Suisse, Cheuvreux and Goldman Sachs all warning of a possible near-term consolidation or even correction. "The probability of a major correction in risk markets in the first half of 2013 is rising particularly because investor sentiment has simply leapt higher in recent weeks,"  I thank you Firozali A.Mulla DBA

We need to change .Daily. I mean one day we will go  and next we do not go. Lollipop. like The U.S. Treasury Department said on Saturday it will not produce platinum coins as a way of generating $1 trillion in revenue and avoiding a battle in Congress over raising the U.S.debtceiling.The idea of creating $1 trillion by minting platinum coins has gained some currency among Democrats in recent days as a way of sidestepping congressional Republicans who are threatening to reject a necessary increase in the debt ceiling unless deep spending cuts are madeThe Treasury Department and the Federal Reserve, both independent of one another, each concluded this was not a viable option."Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit," said Treasury spokesman Anthony Coley in a statement.Congress' refusal in 2011 to raise the debt ceiling unless the White House agreed to large spending cuts brought the United States close to the brink of a debt default and dealt the weak recovery a setback.Another crisis is brewing as the United States is expected to reach its authorized debt limit of $16.4 trillion in February. I thank you Firozali A.Mulla DBA

From a friend from USA This past week was just what the exchequer  said, for both sides of the market. For the bulls, the sideways action was viewed as healthy, as the market worked off overbought conditions. For the bears, the sideways action was viewed as negative, as the market could not get continued follow-through. The S&P 500 (INDEXSP:.INX) finished the week up 11 points.Though it was a slow week all around, the economic data will pick up next week. The US will release retail sales, inflation data, and housing sales. The important releases to note are Advance Retail Sales on Tuesday, CPI and Manufacturing Production on Wednesday, and Housing Starts on Thursday. It is worth pointing out that the Citigroup Economic Surprise Index has begun to turn sharply lower as economic estimates diverge from reality. There will be no US Treasury issuance for the next two weeks, the first time this has occurred during the month of January or February since 2009. This, combined with continued purchases from the Fed, will put upward pressure on Treasuries. On the global front, China will continue releasing its string of economic releases on Friday with real GDP, industrial production, and retail sales. Also, Germany will release GDP figures. I thank you Firozali A.Mulla DBA

To me guns are guns like a parrot is a parrot . I do not if this from New Zealand or Iceland The gun is .22 to kill a bird and there are the ones that kill 12 with the one bullet the ones used on the elephant head, but they kill . Why not vist the gun store and ask for a demo or see Amazon for more books? I thank you very much for the interest  you show in guns I thank you Firozali A.Mulla DBA

The results are in: More guns sold mean fewer guns deaths ...Now: Last Hour: Last 24 Hours: Total: The results are in: More guns sold mean fewerguns deaths, injuries. ... the more guns that have been sold in the Golden State, ...beforeitsnews.com/economy/2012/12/the-results-are-in... - Cached  I thank you FirozaliA.Mulla DBA

President Barack Obama on Sunday implored Congress to act within the next 48 hours to avert the sharp tax increases and benefit cuts scheduled to take effect on Tuesday. In remarks taped for broadcast on NBC's "Meet the Press," Obama accused Republicans of blocking action on measures to prevent taxes from rising for most Americans, threatening the still-fragile economic recovery. "We have been talking to the Republicans ever since the election was over," Obama said. "They have had trouble saying yes to a number of repeated offers. Yesterday, I had another meeting with the leadership, and I suggested to them if they can't do a comprehensive package of smart deficit reductions, let's at minimum make sure that people's taxes don't go up and that two million people don't lose their unemployment insurance." "And I was modestly optimistic yesterday, but we don't yet see an agreement," the president said in comments that were taped on Saturday. "And now the pressure's on Congress to produce." I thank you Firozali A.Mulla DBA

"And scale back funds used to keep lawns mowed and barracks painted on military posts".  So trillion dollar lawn mowers and billion dollar paint buckets is the problem?  I bet Deputy Def. Sec. Ash Carter brown bags it every day.