Danger Ahead for the Economy
Late last month, the Congressional Budget Office (CBO) released an alarming report—that the country was headed toward a “fiscal cliff” in January 2013, which could shatter an already fragile economic recovery. The culprit? A one-two punch of the expiration of President Bush’s tax cuts and a series of massive spending cuts borne of the debt ceiling debate from last August. The irony of the situation is that the combination of spending cuts and tax hikes will make ample headway on the national debt, but this headway will likely come at the cost of a renewed recession. Though there is ample [...]
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June 27, 2012 
