Thread: Economics The Fiscal Cliff Approacheth
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Old 08-23-2012, 11:10 AM   #40
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Quote:
Originally Posted by Donger View Post
Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday.

If "massive" cuts in government spending can cause a recession, I'd argue that the government is spending too much to begin with and is far too involved in our economy that it should be.
I take it you support breaking up the big banks, as well?
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