Posts Tagged ‘super committee’

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    What is the Fiscal Cliff?

    Jul 11, 12 • 197 Views • No Comments

    The fiscal cliff is composed of 8 tax and spending events. Permitting all to occur might be the equivalent of jumping over the edge in an economic dive. Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expires Affordable Care Act taxes:...  [read more]

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    Deficit Deal Primer

    Nov 1, 11 • 234 Views • No Comments

    In 1934, after meeting with John Maynard Keynes, FDR said that he “liked him immensely” but groaned that he talked like a “mathematician.” Keynes’s advice to FDR? Described by Sylvia Nasar in Grand Pursuit, increase deficit...  [read more]

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    Congressional Deficit “Games”

    Sep 25, 11 • 258 Views • No Comments

    Composed of 6 Democrats and 6 Republicans, the congressional super committee is supposed to create a deficit reduction plan. If they do not propose the plan or if Congress does not approve their plan, then automatic cuts are triggered. The automatic cuts...  [read more]