Date: Tuesday, October 30, 2012
Topic: The Fiscal Cliff: Realities and Implications
Speaker: Harry J. Martin, Rochdale Investment Management
If the lame-duck Congress doesn’t act before the end of 2012, paychecks will be reduced notably starting January 1, 2013, due to a combination of automatically triggered tax increases and spending cuts, referred to as the fiscal cliff. How large a dollar and percentage blow to GDP will this cause? Can the U.S. avoid a new recession if the cliff is not avoided? What are the scenarios for avoiding this dangerous event once the election is past? What are the implications of kicking the can down the road again? Don’t miss this urgently important exploration of our near-term future.