The Price of Jumping the Fiscal Cliff
At the American Action Forum, Doug Holtz-Eakin (ex director of the Congressional Budget Office) has computed the economic impact of each of the seven different policy actions collectively known as "the fiscal cliff."
All told, we are talking about a shock to GDP of -5.2% -- enough to jolt a slow-growing economy back deep into recession.
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
Comments