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CBO: Democrats' Fiscal Cliff Would Plunge US Back Into Recession, Spike Unemployment

Eagle55 Wrote: Aug 22, 2012 8:17 PM
This is a classic photo. Dirty Harry has his hands crossed over his heart like he is an angel. Nit-wit Pelosi is gilded with her standard vacant smile. ObaMarx is glaring down with his ultimate arrogance at his slaves. Will Americans sell their freedom to this cast of sewage?

Often lost in the daily hubbub of the 2012 horse race is the proverbial sword of Damocles hovering over the nation's economy.  The CBO sounds the alarm.  Again:

The nonpartisan Congressional Budget Office on Wednesday warned the economy will enter a recession next year if the country goes over the so-called fiscal cliff. In its most dire warning yet about the fiscal cliff, the CBO said the economy would contract by 0.5 percent in calendar year 2013 if the George W. Bush-era tax rates expire and automatic spending cuts are implemented. Unemployment also would rise...