Thread: Economics The Fiscal Cliff Approacheth
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Old 11-14-2012, 10:11 AM   #155
Direckshun Direckshun is offline
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Quote:
Originally Posted by jiveturkey View Post
I figured it was but didn't want to jump the gun.

That reduces our annual deficit by $160 billion. That only leaves approximately $840 billion in annual cuts in order to bridge the gap.
On current spending trends, the deficit is actually shrinking on its own, so that's not exactly accurate.

In addition to that, it's the largest deficit reduction plan offered so far. The GOP will likely counter with one much, much smaller.
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