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On the Record

The Looming Fiscal Cliff: Little Room for Optimism

Ron Haskins

With a fiscal cliff created by an ever-escalating deficit, a flimsy debt reduction plan looming, and with Congress in the throes of a lame duck session, the American people are facing tough economic times. Falling off the fiscal cliff means we’ll fall into higher taxes and spending cuts, says Senior Fellow Ron Haskins.

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