John R. Smith, chairman of BIZPAC, a highly respected business and political force in Palm Beach County since 1992, tackled the fiscal cliff issue skillfully in his article, Plunge off fiscal cliff may turn into a bungee jump.
Increased borrowing will cause the U.S. debt limit to be violated again, and very soon. And, without action, it is likely that the United States will enter another recession in 2013. Why? Spending cuts hurt economic activity, and tax hikes hit businesses and individuals, negatively affecting disposable income, business investment and hiring.
Latest posts by BizPac Review (see all)
- San Antonio Spurs coach unleashes in hellacious rant on President Trump, calls him ‘soulless coward’ - October 17, 2017
- Jesse Watters debuts new segment … feisty texts from his liberal Democrat mom, and it is hilarious! - October 13, 2017
- Video: Exclusive footage inside Mandalay Bay hotel room the Vegas killer used, one year earlier - October 3, 2017