With the presidential election less than four weeks away, all eyes are on President Obama and former Governor Mitt Romney as they frantically campaign across the county. But regardless of who wins on November 6, another political deadline is fast approaching — one that could have dramatic consequences on our nation’s economic security and future.
This deadline is known as the “fiscal cliff” — the confluence of expiring tax cuts and automatic spending cuts that will go into affect should Congress not act before January 1. Many economists have predicted that going over this “cliff” would drive the economy into another recession, increase unemployment and potentially impact many government programs.
So how can we avoid this fiscal cliff and achieve a long-term solution for the economic problems our nation continues to face?
More about the fiscal cliff: