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How the Fiscal Cliff Deal Hurt a Recovering Economy

jay_p Wrote: Jan 07, 2013 9:48 PM
So you Republicans are admitting that Obama was actually fixing the economy? I'm truly speechless.
The deal that Congress came to on the fiscal cliff last week was a combination of half-measures, compromise, and kicking-the-can that nobody seemed to like but was overwhelmingly approved. Most of the meaures that constituted the cliff stood poised to harm the economy over the next two years - and Congress' failure to offset the cost of averting the cliff will result in a worse economy in the long run.

As Americans everywhere found out with their first paychecks of the new year, Congress failed to reauthorize the temporary payroll tax cut that expired. This could result in between 300,000...