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"It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas,...

"It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas, noting negative economic growth typically brings with it a drop in the S&P of about 30%. Negative economic growth? It's sure to come. David Kotok reminds the hit to households from the tax increases will be 5-7%.
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Comments (2)
  • Rousseau SC
    , contributor
    Comments (278) | Send Message
     
    Wouldn't simply removing the financial cliff, rather than doing something constructive, show that there is no determination to solve the debt problem and cause an even greater economic crisis that the cliff?
    19 Nov 2012, 03:06 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    "David Kotok reminds the hit to households from the tax increases will be 5-7%."

     

    But fewer and fewer households are paying taxes so the impact won't be wide spread. Yeah, right.
    19 Nov 2012, 06:34 PM Reply Like
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