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The CBO, in likely its last official forecast ahead of the November elections, says the U.S....

The CBO, in likely its last official forecast ahead of the November elections, says the U.S. economy will quickly go into recession if Congress fails to address the fiscal cliff of spending cuts and tax increases set to kick in next year. Even if the cliff is averted, the economy is expected to grow at only 1.7% in 2013.
Comments (3)
  • johnybutts
    , contributor
    Comments (62) | Send Message
     
    gold/silver.
    22 Aug 2012, 11:12 AM Reply Like
  • J 457
    , contributor
    Comments (939) | Send Message
     
    Lower growth is almost inevitable. Scale back government stimulus and debt and economy contracts. Keep expanding the debt and devalue to dollar. Either way, its going to be a rocky road ahead. Unfortunately, both Obama and Romney are one of the same in their views to support the banks, further bailouts, and trying to appease the status quo for sake of not making any hard decisions.
    22 Aug 2012, 11:38 AM Reply Like
  • juano
    , contributor
    Comments (152) | Send Message
     
    Neither candidate can make the hard decisions going forward because it requires a functioning Congress...we dont happen to have one of those. Not in the past four years nor likely in the next four. No compromise, no progress.
    22 Aug 2012, 09:18 PM Reply Like
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