Thursday, August 2, 2012

The coming 'Financial Cliff', and what it REALLY means for America

That's right, you read correctly. Over 2 MILLION jobs are at risk come January when mandated budget cuts kick in, unless Congress and the President act to avoid these cuts. No one seems to want to discuss the implications of these kinds of job losses. It would appear that the popular consensus is that Congress will wait until the eleventh hour, and then make sure this doesn't happen. However, a lot rides on what happens in November's Presidential elections. If this doesn't get taken care of, due to lame duck status in either Congress or the Whitehouse, this country faces the very REAL threat of job losses that would easily put the unemployment rate over 9% again.

Defense contractors would be especially hit hard.

Missouri stands to lose 51,000 jobs alone. According to the report outlined in the article above:

"The study outlines the impacts in all 50 states with California, Virginia and Texas experiencing the largest potential jobs loss and most states taking five-digit job losses."

Most states would suffer five figure job losses. Is your state prepared for that kind of economic hardship? You might want to keep that in mind when you go to the polls to vote for our next President.

America can't afford to let this happen.

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