Under the current bill there is only $1 in spending cuts for every $41 in tax increases. As I stated in my previous article not only will this actually result in a drag on the economy going forward it will also increase the deficit. According to updated information from the CBO the "Fiscal Cliff Deal" carries a $4 Trillion price tag over the next decade.
Thursday, January 03, 2013
Cliff Resolved - Deficit Set To Explode
Cliff Resolved - Deficit Set To Explode | Lance Roberts | FINANCIAL SENSE
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