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(fear) the Fiscal Cliff...

No longer the Great Financial Crisis, or the Recession or the Recovery, but now the term, with fearful implications, has become the Fiscal Cliff, term to describe the conundrum that the U.S. government will face at the end of 2012. It is easy for communications purposes to have a soundbite that can reduce complicated issues to a simple frame. U.S. lawmakers have a choice: they can either let current policy go into effect at the beginning of 2013 – which features a number of tax increases and spending cuts that are expected to weigh heavily on growth and possibly drive the economy back into a recession – or cancel some or all of the scheduled tax increases and spending cuts, which would add to the deficit and increase the odds that the United States could face a crisis . Attribution for art:

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Taken on September 20, 2012