According to a new analysis by the non-partisan Congressional Budget Office, the country will be plunged into a severe recession if Congress fails to act on the fiscal cliff, The Washington Post's Lori Montgomery reports. Per Montgomery:
"The massive round of New Year’s belt-tightening ... would disrupt
recent economic progress, push the unemployment rate back up to 9.1
percent by the end of 2013 and cause economic conditions “that will
probably be considered a recession,” the nonpartisan Congressional
Budget Office said."
Hmm, severe recession or hyperinflation. Which one will I choose? How about just get government out of the way, and let the free market take care of things?
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