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The US economy is likely to fall over a "fiscal cliff" at the start of next year because Washington will be too divided to stop it, Joseph Stiglitz, one of the world’s leading economists, has warnedAmerica faces a combination of tax increases and spending cuts in January which risk plunging the world’s biggest economy back into recession if they are all allowed to happen, he said.
Originally posted by Germanicus
Yes. Its clear.
People should be freaking the hell out.
I do not understand the complacency Americans have.
It is not if, but when. And its looking sooner and sooner every day.
edit- And if you guys think Obama or Romney will fix anything, you will find that you could not be more wrong.edit on 24-6-2012 by Germanicus because: (no reason given)
Could this country be about to fall off fiscal cliff? Which country would that be then?