Wednesday, August 8, 2012

Congress and the Fiscal Cliff

Stephen Moore discussed the oncoming "fiscal cliff" and what Congress would quickly have to do to avoid it. The "fiscal cliff" was intended to serve as motivation for the agreement on a new budget in Congress; however, without an agreement being reached many federal programs, notably defense, will be automatically defunded. Moore also discussed the impact that the Republican and Democratic tax cuts would have on the economy.

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