U.S. Economy – Organization for Competitive Markets https://competitivemarkets.com Tue, 27 Nov 2012 15:05:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://i0.wp.com/competitivemarkets.com/wp-content/uploads/2017/06/cropped-logo-square.jpg?fit=32%2C32&ssl=1 U.S. Economy – Organization for Competitive Markets https://competitivemarkets.com 32 32 41386461 Growing the Economy to Generate More Income for All https://competitivemarkets.com/growing-the-economy-to-generate-more-income-for-all/ Mon, 26 Nov 2012 00:44:34 +0000 http://www.competitivemarkets.com/?p=1095

The “fiscal cliff” idea stems from one simple fact: the U.S. economy is too weak to support the revenue needs of the government, leading to ever increasing deficits. At some point in this sequence the dollar will crash or the government default on its obligations. Either would be a disaster. Hence the talk of drastic increases in taxes coupled with huge cuts in spending. Given the power and influence of the interest groups concerned, such measures might in Read More ...]]> 1095