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)
- Worst school crossing guard EVER says dumbest thing imaginable about her job! - September 5, 2015
- When college student loses her license, she makes do with a little pink Barbie jeep - September 4, 2015
- James Woods destroys Hillary’s promise to your children in brutal truth-translation - September 1, 2015