Article
What Could a '<b>Cliff Dive</b>' Do to the Economy?
December 7, 2012
What Could a ' Cliff Dive ' Do to the Economy? Plainly a 'cliff dive,' for an extended period of time, would have a devastating effect on our economy. Our friends at Credit Suisse estimate a worst case impact of a -3.8% fiscal drag on nominal GDP growth next year and a best case drag of -0.9 ... Read more on Minyanville.com
Coburn Breaks GOP Ranks; Geithner Ready to ' Cliff - Dive ' Later Wednesday, Treasury Secretary Timothy Geithner said that the administration was prepared to dive off the 'fiscal cliff' if Republicans insist on not raising tax rates on the rich. "Personally, I know we have to raise revenue; I don't really care ... Read more on International Business Times
Expect a Few More Weeks of Cliff Diving Sick and tired of the fiscal-cliff debate yet? Hope not, because we've got a few more weeks of the proverbial cliff diving before this whole thing is settled. With the GOP's latest counter-proposal this afternoon, the two sides in this budget/tax fight ... Read more on Wall Street Journal (blog)
