The Congressional Budget Office is warning lawmakers to end their budget stalemate. Otherwise, the nation could plummet into another recession. CBO said 2 million Americans could lose their jobs by the end of next year. Analysts said sequestration, those automatic spending cuts set to kick in in January, combined with already-scheduled tax hikes would total $500 billion, and that would be too much for a struggling economy to handle.
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5 comments:
Lawmakers will end their budget stalemate when their own livelihood is threatened and not a moment earlier.Most of them have offshore accounts because they don't trust the US economy.
WE haven't come out of the last one yet.
I wasn't totally convinced we ever got out of the recession much less go into another one.
How can there be a recession during a depression? Vote Obama! Sit back and collect while you watch...tick tock.
Really, though, if Romney comes in and brings us into fiscal responsibility, this, too will be a hard nut to crunch, so recovery will not be immediate, but business snd consumer confidence will apply and help greatly.
Your choice; certain death, or a tough recovery into profitibility for everyone.
The only people not still in a recession are the Main Stream Media!
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