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Saturday, March 2, 2013

Hardhat Time!; BankruptingAmerica: Weekly Recap: The Sky is Falling‏




Hi there,

Welcome to the weekend! Here's our Saturday morning recap of last week's events:
 
1) Washington's collective sequester freak out. With the sequester deadline approaching, Washington wasted no time with scare tactics. Calling the potential cuts "draconian" and warning of their impact on job creation and medical research, Congress and the White House were met with skepticism from both the public and major media outlets.  
 
2) The Last Ditch Effort. With just hours left before the deadline, Washington politicians decided it might be a good idea to finally meet and look for a solution. Hopes were not high. President Obama's midday address looked to shift blame for the "unnecessary" cuts and pushed for increased taxes - despite a lack of public support.
 
3) The End of the World. The sequester happened anyway; national collapse began immediately. No? Well, it turns out the 'disastrous' impact of sequester cuts may have been exaggerated.
 
4) After decades of decline, Detroit will get a state-appointed emergency manager.  With runaway deficits and no indication that elected city officials can solve their problem on their own, Michigan Gov. Rick Snyder will ask the new manager to tackle a $327 million budget deficit and over $14 billion in long-term debt. Watching Detroit and other municipalities across the country falter under their crushing debt, one wonders if Detroit's present isn't America's future?

 
5) The NFL Scouting Combine. Here's the story we actually wanted to talk about last week. Latest buzz puts Geno Smith as the top QB pick, but the #2 spot is still up in the air for fans who are looking for a good debate.
 
 

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