Another week of bad economic numbers

We would rather report "good news" about the US economy.  However, we can't because this is what we are reading on the front pages:

1) The CBO is warning about how the deficits are hurting any kind of recovery:

"The CBO also notes that if Congress doesn’t figure out a way to address the impending “fiscal cliff” (budget cuts and the expiration of the Bush-era tax cuts), the U.S. will enter a double-dip recession and unemployment will jump to nine percent."  (The Blaze)

2) Incomes are dropping......did we really need a study to learn that?

3) Pres BO will add $4 trillion to our already very big debt levels.

4) Jobless claims are up again!

This is a very bad of economic data.  On second thought, we've been on this ride of "bad economic news" for some time.

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