Don't Do It!

10.26.129:53 AM ET

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.

how do i comment?
Get The Daily Beast In Your Inbox
By clicking "Subscribe", you agree to have read the Terms of Use and Privacy Policy
Thank You!
You are now subscribed to the Cheat Sheet. We will not share your email with anyone for any reason
You are now subscribed to the Daily Digest. We will not share your email with anyone for any reason
You are now subscribed to the Daily Digest and Cheat Sheet. We will not share your email with anyone for any reason
Follow The Daily Beast