CONTRIBUTING WRITER,
As America treks out of the worst financial crisis since the Great Depression and moves beyond the 2012 election cycle, the country finds itself with a reelected and empowered executive in his last term. Barack Obama has matured into his post and has now changed his political tone from one of a negotiator-in-chief to a demander-in-chief.
Aside from the impending December 21, 2012 doomsday, Americans of all socioeconomic backgrounds should become well aware of the fiscal Armageddon that will take place on January 1, 2013 should Congress fail to act.
Since the beginning of the economic crisis that has plagued the United States’ economy for the past several years, the discussion of ballooning federal deficits and the overall federal government debt has really gained importance.