Nov 9, 2012
As Calculated Risk (and many others) note, the term ‘Fiscal Cliff’ is a misnomer. The US economy is not going to fly off a cliff and implode on January 1 if we don’t make a deal. There will be a drag due to higher taxes and lower spending, but much of that can and be wound back early in the year.
But the talk about the fiscal cliff has grown into a deafening roar, and here’s proof that it’s way out of proportion.
Matthew Fleury of Bank of America takes a look at the volume of articles mentioning The Fiscal Cliff and The Debt Ceiling:
This article was posted: Friday, November 9, 2012 at 6:44 am