Moderated by Rick Badie
Can the “fiscal cliff” be averted? President Barack Obama and Congress must strike a deal to prevent nearly $600 billion in tax hikes and spending cuts that kick in Jan. 1. Republicans want spending cuts. The White House and Democrats favor higher taxes on the rich. A Georgia congressman from each party writes about the need for bipartisan compromise.
Finding balance will avert fiscal cliff
By David Scott
On New Year’s Day, America will either wake up clear-headed and positive with better days on the horizon or start the New Year with a nauseating hangover called the “fiscal cliff.” Our nation is, indeed, facing a financial crisis of soaring magnitude.
Congress is gridlocked in addressing the national debt. Businesses face great uncertainty. Continued bickering and gridlock could ruin our fragile economic recovery and plunge it into a deepening and long-lasting recession. This would be devastating. We cannot let it happen.
There is a tremendous hunger