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Reply #6


Response to kentuck (Original post)

Sun Nov 11, 2012, 07:35 PM

6. CBO says -0.5% GDP (recession) and 9.1% unemployment

if we go over the fiscal cliff completely.
There are analyses of the contribution of each policy change.
Basically anything that raises taxes on the middle class or lowers government spending will reduce the GDP and raise unemployment, given assumptions that consumer spending and government spending contribute to GDP growth.

http://www.cbo.gov/publication/43694
http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-08-12-FiscalTightening.pdf

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kentuck Nov 2012 OP
Autumn Nov 2012 #1
kentuck Nov 2012 #3
Autumn Nov 2012 #5
elleng Nov 2012 #2
kentuck Nov 2012 #4
elleng Nov 2012 #8
kentuck Nov 2012 #9
LineReply CBO says -0.5% GDP (recession) and 9.1% unemployment
andym Nov 2012 #6
savebigbird Nov 2012 #7
ProudProgressiveNow Nov 2012 #11
msongs Nov 2012 #10
jberryhill Nov 2012 #12
kentuck Nov 2012 #14
jberryhill Nov 2012 #15
kentuck Nov 2012 #16
savebigbird Nov 2012 #17
jberryhill Nov 2012 #18
Fire Walk With Me Nov 2012 #13
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