ScienceRocks
Democrat all the way!
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If U.S. Falls Off 'Fiscal Cliff', What Will Happen to the Economy?
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If U.S. falls off
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Pretty much all we have done the past 4 years to reverse the mess was for nothing. SHIT. I can support a small income tax increase on people making more then a million a year for this not to happen.
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If U.S. falls off
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What if they never agree?
If negotiations between Obama and Congress collapse completely, 2013 looks like a rocky year.
Taxes would jump $2,400 on average for families with incomes of $50,000 to $75,000, according to a study by the non-partisan Tax Policy Center. Because consumers would get less of their paycheques to spend, businesses and jobs would suffer.
At the same time, Americans would feel cuts in government services; some federal workers would be furloughed or laid off, and companies would lose government business. The nation would lose up to 3.4 million jobs, the Congressional Budget Office predicts.
“The consequences of that would be felt by everybody,” Bernanke says.
Pretty much all we have done the past 4 years to reverse the mess was for nothing. SHIT. I can support a small income tax increase on people making more then a million a year for this not to happen.
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