November 20, 2012 journal, it is good news that the Bush tax cut will expire guaranteed. It is only propaganda that this represents a tax increase and that it will hurt the economy. "Some GOP members conceded that the modest tax increase for the wealthy in the president's budget plan "is not going to break their backs." Tensions are growing in Washington as the year-end "fiscal cliff" approaches, and in his first press conference since June, President Obama confirmed that he would not compromise on allowing Bush-era tax cuts for the wealthy to expire while extending tax cuts for the middle class. The president's budget plan would raise $1.6 trillion in revenue, including new revenue from tax increases on Americans making more than $250,000 a year. Congress could soon reach a familiar gridlock as a combination of tax cuts, spending initiatives and unemployment benefit extensions are set to expire on January 1. (The physical cliff is only another tactic of fear put out by the Republican Party to save their contributors billions in taxes.) Obama, who is expected to launch Congressional negotiations at the end of the week, said today that Congress must "provide certainty" to middle-class families making less than $250,000 year that their taxes will not go up. After that, Obama said, lawmakers can set a structure to deal with tax reform and entitlements in order to stabilize the spiraling deficit. Republicans are generally opposed to any tax increases, but Obama said that some members of the GOP have suggested that a modest tax increase on the wealthy "is not going to break their backs." Progressives in Obama's base are applauding the president's budget plans but warn that Washington's obsession with cutting spending could threaten the nation's economic recovery. In a statement promoted by the nonpartisan research and education center Institute for America's Future, 350 prominent economists called on Congress to boost government spending to stimulate the economy instead of imposing austerity measures. "As even Federal Reserve Chairman Ben Bernanke recognizes, it is long term unemployment, not excessive deficits or debt, that is now inflicting the greatest human toll and economic damage," the economists argued. "Polls show that voters agree joblessness and a bad economy are much higher priorities than deficits." Government spending to improve infrastructure, clean-energy growth and the nation's ailing education system will create jobs, improve the lives of Americans and, over time, generate the tax revenues needed to fix the deficit, the economists argued. Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis at The New School and a co-signer on the statement, said today that economic recovery requires government action to spur the economy and encourage banks and corporations, which are sitting on massive sums of cash due to economic uncertainties, to free up those resources and create jobs. "The problem now is slow growth that has created the 7.9 percent unemployment rate," Ghilarducci said. "Any austerity, any budget cuts will just make that worse." Ghilarducci estimates that $120 billion in aid to struggling state governments could create about a half-million jobs in the next year." This is the happy merry-go-round of tax-and-spend. If allowing the rich tax cuts to expire will balance the budget them the smart thing is to balance the budget no matter how much wasteful spending. America is not near the cliff if the foreign Fed will authorize the money and they will because money to them is free. America needs to stop foreclosures and divide the wealth of Wall Street and the Federal Reserve. All mortgages should be made Nil & Void as the Bible says money will soon be. If I had any money I would buy all the delinquent mortgages and mark them paid in full. I have advocated this and now Occupy Wall Street is actually doing it and I appreciate. Every Church should buy a group of delinquent mortgages from their banks and mark them paid off. Let every employer feed their workers with healthy organic vegetables to feel better and work more efficiently and be happy and contented. Let America start over to make quality products with pride once again. Expel the foreign phony Federal Reserve. NBC Nancy Schneiderman was on TV promoting flu shots saying do not get pregnant un-til you have one. NO, your chances of getting deadly Gillon Barre from a flu shot is good. I would not take a flu shot for a million dollars because you are playing Russian roulette with your life. Remember the Massachusetts Company that has killed dozens with a shot for pain in the back. Beware of all pharmaceuticals which are designed to make money. Brutal Israelis have fired on the tiny Gaza Strip killing a Palestinian soldier described as an opening the gates of hell and it probably will mean that to them as they retaliate now against Israeli Gaza's food supply is reported to be being limited by the Israelis to only a starvation diet. Israelis should turn Palestine back over to the real Israelites and go home. Genetically altered Monsanto soybeans and corn could kill your pets and you to if those reports are correct all of. They are being kicked out of every country on earth thank God. Gastrointestinal disorders, allergies, inflammatory diseases, and infertility are just some of the problems implicated in humans, pets, livestock, and lab animals that eat genetically modified soybeans and corn. Monsanto's strong arm tactics, the FDA's fraudulent policies, and how the USDA ignores a growing health emergency are also laid bare. This sometimes shocking film may change your diet, help you protect your family, and accelerate the consumer tipping point against genetically modified organisms (GMOs). Don't miss this film! Help us join with Project Strike Debt and The Rolling Jubilee Fund to do our part to buy and abolish the debt of struggling Americans. Make your 100% tax-deductible donation now and help us do something meaningful for the people, rather than the corporations. This is the way to go- The ratio of household debt to income is 154%. 62% of all bankruptcies are caused by illness. Student loan debt has exploded and 40% of indebted households use credit cards to pay for living expenses. Unfortunately for most Americans, it is all too legal to buy and sell in people's misfortune. As the finance industries regulations have been gutted, it has been made legal to trade in distressed debt. Today, we at NationofChange are joining with Project Strike Debt and The Rolling Jubilee Fund to do our part to buy and abolish the debt of struggling Americans. NationofChange and our readers (you!) have pledged to eradicate $300,000 of distressed debt for a cost only $15,000 in donations by Tuesday the 20th. Let's give the country a holiday gift that will really make a difference. If you believe that this is a fight worth having, then please donate $5, $10, or whatever amount you can afford.