| The A-List: Martin Feldstein - The US is unlikely to avoid “fiscal cliff” |
|
The US is rapidly approaching the “fiscal cliff,” a dangerous
combination of increased taxes and decreased government spending
scheduled for January 1 that would reduce the budget deficit by 5% of
GDP between 2012 and 2013. Although reducing America’s budget deficit is
necessary, such a sharp cut now while the economy is still very weak
would be a serious mistake. http://link.ft.com/r/0QSDPP/ |
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Wednesday, October 24, 2012
The A-List: Martin Feldstein - The US is unlikely to avoid "fiscal cliff"
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