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Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
Howard Richman, 12/8/2012
We begin:
It should come as no surprise that the "fiscal cliff" negotiations are taking place under utterly bogus premises. Instead of significantly cutting $502 billion from the $1,327 billion per year 2012 budget deficit as would take place automatically if the negotiations fail, both parties in the fiscal cliff negotiations are planning to keep the budget deficits at well over $1 trillion per year. The U.S. debt-to-GDP ratio would continue to explode.
According to the Washington Post, the Republican proposal made on December 3 would only seek $220 billion per year in deficit reduction ($2.2 trillion over 10 years):...
Follow the following link to read the rest:
http://www.americanthinker.com/2012/12/fiscal_cliff_negotiation_failure_could_be_the_best_option.html
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