UPI reports that: the U.S. economy could be pushed off a
"cliff" if Washington lets Bush-era tax cuts expire and forced spending
cuts begin, the International Monetary Fund said.
If the tax increases and mandatory spending cuts -- worth as
much as 4 percent of gross domestic product -- are allowed to kick in as
scheduled Jan. 1, 2013, the sudden shock could be enough to put the country
back into recession, and possibly even contract, with global repercussions, the
fund said in its annual U.S. economic review…..
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