CBO Warns Again: Ignoring Fiscal Cliff Could Result In Recession | Reduction

CBO Warns Again: Ignoring Fiscal Cliff Could Result In Recession

Euro Crisis Infographic: Greek GDP as a Percentage of GDP vs Greek Unemployment

Euro Crisis Infographic: Greek GDP as a Percentage of GDP vs Greek Unemployment by EuroCrisisExplained.co.uk
License (according to Flickr): Attribution License

Excerpt:

Why? Ignoring the huge tax increases and spending cuts set to take effect at the beginning of the year, “will probably cause the economy to fall back into a recession.” But: “They will make the economy stronger later in the decade and beyond.” The Fiscal Cliff, by the way, is a self-inflicted wound. It represents a confluence of events that have been set up by Washington’s inability to come up with a “grand bargain.” The Bush tax cuts for example, have been extended piece-meal and they are set to expire again in January. Also, remember the fight over increasing the debt ceiling? That resulted in bi-partisan deal, OKd by the Senate, House and White House that would result in $2. 1 trillion in savings by 2021. Part of deal called for budget caps that amounted to $917 billion in savings over a decade.

People:

Bush

Overall Sentiment: 0.209154

Relevance: 0.398592

Disambiguation: FilmCharacter | MusicalArtist | Politician | President | Appointer | AwardNominee | AwardWinner | ChivalricOrderMember | CompanyFounder | MilitaryPerson | PoliticalAppointer | USPresident | FilmActor | TVActorReferences:

Additional Info:

Organization: CBO

Overall Sentiment: 0.0284319

Relevance: 0.794968

Disambiguation: Broadcast | RadioStationReferences:

Organization: Congress

Overall Sentiment: 0.16374

Relevance: 0.480176

City: Washington

Overall Sentiment: 0.0842852

Relevance: 0.300405

Disambiguation: AdministrativeDivision | GovernmentalJurisdiction | MilitaryPost | PlaceWithNeighborhoods | USCountyReferences:

FieldTerminology: GDP

Overall Sentiment: -0.0397004

Relevance: 0.447359

Source Site: http://www.npr.org/blogs/thetwo-way/2012/11/08/164729515/cbo-warns-again-ignoring-fiscal-cliff-could-result-in-recession?ft=1&f=1006

Webpage Provided Desc:

But the non-partisan government agency says it’s a double-edged sword, because going over the cliff could also set up the economy for a healthy long run.

URL Provided Keywords:

URL Provided Title:

CBO Warns Again: Ignoring Fiscal Cliff Could Result In Recession

~ by vandal3di3go on January 21, 2013.

 
%d bloggers like this: