US Congress budget office warns “fiscal cliff” is already holding back the economy

Thursday, August 23rd 2012 - 01:38 UTC

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The US Congress budget office launched on Wednesday a stern warning: massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution. Read full article

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British_Kirchnerist
Amazing. So they know in advance that austerity will fail and even the anticipation of it is harming the economy, yet they're still committed to it. Idiots
Aug 23rd, 2012 - 11:57 am - Link - Report abuse 0
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Captain Poppy
You're obivously ignorant of American politics despite thinking you are as a Kirchner zealot never been outside his own natural country. Fade away is an honorable move.
Aug 23rd, 2012 - 02:52 pm - Link - Report abuse 0
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British_Kirchnerist
#2 Enlighten me. Why is it not idiotic to refuse to change direction when you see a cliff straight ahead?
Aug 23rd, 2012 - 04:25 pm - Link - Report abuse 0
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Captain Poppy
It's a polarized, two party political system..........unlike your hero's. But you are smart, you know what will happen.
Aug 23rd, 2012 - 06:25 pm - Link - Report abuse 0
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British_Kirchnerist
#4 Maybe if a Cristina or a Chavez or a Galloway was US President instead of the dissapointment Obama, they'd be able to turn the car around before it reached the cliff
Aug 23rd, 2012 - 09:29 pm - Link - Report abuse 0
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Guzz
I guess that an economy based on speculation is not compatible with a society based on fear ;)
Aug 23rd, 2012 - 09:41 pm - Link - Report abuse 0
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