Former Secretary of Labor during the Clinton Administration Robert B. Reich argues that the U.S. deficit really isn’t that big a deal, despite all the hubbub in Washington, D.C. about how to prevent the country from going off the “Fiscal Cliff.” Rating agencies like Standard & Poor’s and Moody’s have it all wrong, he says: Cutting the deficit too steeply and quickly could tilt the country into a recession. What matters more is that the U.S. is still able to borrow cheaply. That money could be used to build infrastructure and put people to work.
The IRS still has the authority to impose fines on nonfilers.
Insurers have may have defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
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