Due to a combination of expiring tax cuts and new spending cuts,
if Congress does not act within the month we could be about to see
$607 billion of deficit reduction take place heading into 2013 –
more likely closer to $560 billion incorporating in the likely economic
feedback to such large changes. Simply put, a vast number of policy
changes are set to kick in approximately all at the same time.
if Congress does not act within the month we could be about to see
$607 billion of deficit reduction take place heading into 2013 –
more likely closer to $560 billion incorporating in the likely economic
feedback to such large changes. Simply put, a vast number of policy
changes are set to kick in approximately all at the same time.
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