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Your Complete Guide To The Coming Fiscal Cliff

Your Complete Guide To The Coming Fiscal Cliff

2012-08-12
Source: Zero Hedge



All you need to know about the fiscal cliff which will savage the US economy in under 5 months, unless Congress finds a way to compromise at a time when animosity and polarization in congress is the worst it has ever been in history.

 

Key dates:

 

The cliff in graphics:

 

The cliff in numbers:

 

The players:

And a Q&A from Goldman with its DC political economist Alec Phillips:

What is the “fiscal cliff”?

Alec: It’s the unhappy coincidence of about $600bn in tax increases and spending cuts that come about on January 1, 2013. Last year, we started calling this the “fiscal cliff.”.....





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