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News Link • Economy - Economics USA

Fiscal Cliff: Let's Call Their Bluff with Ellen Brown

• arclein
The problem is that no deal is going to be satisfactory. If we go over the cliff, taxes will be raised on everyone, and GDP is predicted to drop by 3%. If a deal is reached, taxes will be raised on some people, and some services will be cut. But the underlying problems – high unemployment and a languishing economy – will remain. More effective solutions are needed.

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