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What is wrong with the "Fiscal Cliff"?

Original post made by Jamie on Nov 15, 2012

The Bush tax cuts would expire. The military would get a haircut, as would various domestic programs, including entitlements.

We would take on another recession, but probably not a huge one. Then we would have cut the Gordian knot, and move forward. That is what the bi-partisan commission wanted to achieve, in the first place.

Why not just let it happen?

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