To: tobyhill
‘The fiscal cliff would drive the U.S. economy back into recession next year and result in a jump in the jobless rate to 9.1% by the end of 2013’
With the CBO’s noted track record of UNDER reporting the actual numbers U-3 Unemployment should be about 12% with REAL U-6 Unemployment somewhere around 25%. Of course none of the bureaucrats at the CBO ever have to worry about their jobs.
10 posted on
11/08/2012 3:29:30 PM PST by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: Jim from C-Town
Fiscal cliff should result in a depression and let Mr. Smart street wise only figure out how he is going to solve the problem. Will probably invite Putin in the white house for a beer summit.
To: Jim from C-Town
But wait I thought it is good to have higher taxes after all the tax rates would revert to the tax rates imposed under Bill Clinton and I recall hearing over and over and over again he had a budget surplus and paid off the deficit and that was because of the tax rates which he raised retroactively.
14 posted on
11/08/2012 3:45:30 PM PST by
funfan
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