BUZ LIVINGSTON: Fiscal cliff conundrum solved

Published: Thursday, December 6, 2012 at 05:07 PM.

In the 1980s, to stymie Panama’s Manuel Noriega, we froze Panamanian assets. Since Panama used the U.S. dollar, we did more economic damage since the famous pirate Henry Morgan sacked Panama City in 1671 and fired nary a shot.  If the world looks at our fiscal debt debate and sees an “Animal House” toga party, maybe the dollar loses prestige. Nothing happens immediately but we look foolish.

Both sides should listen to the “Oracle of Omaha,” put aside partisan differences, place the country first and end this debate — the sooner, the better.

Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida’s Emerald Coast.  He can be reached at 267-1068, Buz@LivingstonFinancial.netor www.LivingstonFinancial.net.





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