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Is the Fiscal Cliff really a bad thing?


I read somewhere that the fiscal cliff is really a fiscal hill and that even if we let all of the Bush era tax cuts expire and had all of the budget cuts of the sequestration, there would still be a 450 billion dollar deficit next year. What is the solution?

 

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LandmarkWealth profile image87

LandmarkWealth says

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4 years ago
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Goody5 says

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    Bruce (brblog) 4 years ago

    Yes, things will get interesting . . .

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JThomp42 says

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4 years ago
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    Bruce (brblog) 4 years ago

    Agree, nobody really seems to know what is going to happen . . .

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SassySue1963 says

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4 years ago
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    Bruce (brblog) 4 years ago

    Thanks SassySue - I agree, a person's current financial situation will make a difference if we go over the "cliff" - but will it cause another resession?