◼ Tax hikes and spending cuts set to take effect in January would suck $607 billion out of the economy next year, plunging the nation at least briefly back into recession, the nonpartisan Congressional Budget Office said Tuesday. - Lori Montgomery/Washington Post
Unless lawmakers act, the economy is likely to contract in the first half of 2013 at an annualized rate of 1.3 percent, the CBO said, before returning to 2.3 percent growth later in the year.
Canceling those tax and spending policies would protect the recovery in the short run and encourage more vibrant growth, around 4.4 percent, in 2013, the CBO said. However, unless lawmakers adopt policies that would reduce budget deficits by a comparable amount down the road, the CBO said, the national debt would continue to climb, imperiling future economic growth.
◼ What I most admire about James O’Keefe… - Michelle Malkin As you all know, several newspapers over the years have endangered law-abidin...
◼ How the country can change in just four years! - The Blaze
◼ After a great deal of confusion concerning the chemical weapons “red line,” whether Syria has crossed it, and whether Barack Obama was se...
Conservative women are waging the counter-offensives against leftist degradation for themselves that no one else will wage.◼ S.E. Cupp, Hustler, and the four stages of conservative female abuse - Michelle Malkin Whether it’s Palin or Ann Romney or Nikki Haley ...
◼ America needs more than hope. It needs leadership. That is why The Post today endorses the candidacy of Mitt Romney for president of the ...