Political haggling in Washington over the "fiscal cliff" remained the primary focus of investors. Unless Congress acts, some $600 billion of sharp spending cuts and tax hikes will take effect starting in January, which could tip the U.S. economy into recession.http://www.reuters.com/article/2012/12/03/us-markets-global-idUSBRE88901C20121203
I am thinking it has to happen at some point. I think if we don't make some serious cirrective measures, we are only prolonging the pain. Which would you rather have, a bandaide removed slowly, or just ripped off to get it over with?
Great post! Going over the Fiscal Cliff is the only thing that can save what few fibers this country has of a Free Market. Get the government out of our economy. #ParachuteReady