USA Today (November 29)
2012/ 11/ 30 by jd in Global News
As the U.S. approaches the fiscal cliff “an alarming number of people…are declaring that going over the cliff wouldn’t be so bad after all.” It would. Congress needs to reach a deal to avoid the fiscal cliff. “While spending cuts and tax hikes are needed to rein in federal deficits, having them kick in all at once would be like a drug overdose that plunges the economy into a new recession, according to the Congressional Budget Office and independent economists.”
Tags: CBO, Congress, Deficits, Fiscal cliff, Recession, Spending, Taxes, U.S.
