Grand Bargain betrayal

posted by
November 15, 2012
Our Future
by Robert Borosage  
Posted in Commentary, PND Commentary

"With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic tax hikes and spending cuts scheduled to kick in after the first of the year. Most economists, including the nonpartisan Congressional Budget Office, agree that if nothing is done, this arbitrary, Washington-created 'fiscal cliff,' as Federal Reserve chair Ben Bernanke dubbed it, will likely drive the economy back into recession. It is probably already contributing to slower growth." (11/15/12)  

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