CBO warns of US falling off 'fiscal cliff'

Discussion in 'Economy' started by Nova78, May 22, 2012.

  1. Nova78
    Offline

    Nova78 Silver Member

    Joined:
    Dec 19, 2011
    Messages:
    1,957
    Thanks Received:
    257
    Trophy Points:
    98
    Location:
    Colorado
    Ratings:
    +314
    CBO warns of US falling off 'fiscal cliff' | US National Headlines | Comcast

    A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.

    The results of the elections will have a lot to do with the ultimate solution, but several top lawmakers predict the current Congress will punt the issue into 2013 for the newly-elected Congress and whoever occupies the White House to deal with.

    There you go , sweep it under the table and let someone else deal with:cuckoo:
     
  2. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    58,533
    Thanks Received:
    12,327
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +35,699
    I don't plan to be in stocks at the end of the year.
     
  3. brudder
    Offline

    brudder Member

    Joined:
    May 21, 2012
    Messages:
    76
    Thanks Received:
    34
    Trophy Points:
    21
    Location:
    Mississippi
    Ratings:
    +35
    I've got all my money tied up in magic beans!!
     
    • Thank You! Thank You! x 1
  4. Mad Scientist
    Offline

    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    24,196
    Thanks Received:
    5,261
    Trophy Points:
    270
    Ratings:
    +8,149
    This is just a Conspiracy Theory! The economy is in Full Recovery! Why, just look at all the threads TM posted about it!
     
  5. RoadVirus
    Offline

    RoadVirus <insert pithy title here>

    Joined:
    Oct 22, 2008
    Messages:
    5,277
    Thanks Received:
    574
    Trophy Points:
    88
    Location:
    Illinois
    Ratings:
    +590
    Ignoring it and letting someone else deal with it is what the Dems in Congress and Obama have been doing since the whole issue revved up a couple years ago.
     

Share This Page