Federal Reserve Jeffery Lacker

Which Areas of the Fiscal Cliff Will Have the Worst Impact?

The fiscal cliff encompasses many revenue and expenditure details, details which provide full employment for government bureaucrats concerned about accounting for all the nuances of federal government expenditures.

The details of the fiscal cliff discussion between Republicans and Democrats, though, can easily be classified into 13 broad categories, shown in the follow table.

Which of these areas is likely to have the largest short term and long term detrimental impact . . .


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