From Danielle Park Juggling Dynamite website.
If the entire “fiscal cliff” hits in January, the total cash flow improvement to the US is estimated at $671 billion. Presently the government is spending about 1 trillion a year more than it is taking in. So best case scenario for the debt issue, is that they come to no agreement and the full “cliff” does hit in the New Year. But this will still add at least 400 billion to the the US 16 trillion dollar national debt tab in 2013. And this deficit will certainly grow larger either way in 2013, as GDP weakens amid the global recession.
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