AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Public economics

The fiscal Cliff

Subject: 
Economics
Rating: 
0
No votes yet
SocialTags: 
Fiscal policy
Economic policy
Public economics
Public finance
Economy of the United States
United States public debt
Government
Government budget deficit
United States federal budget
Business
Tags: 
American Economy

Welles Harris The Fiscal Cliff The fiscal cliff refers to an automatic $560 billion in tax increases and spending cuts that would go into effect, beginning in January 2013, to supposedly reduce the US budget deficit. Realistically, these cuts and tax increases would only reduce the national debt by a few percentage points. I believe the Simpson-Bowles Budget Alternative is currently the one of the better plans proffered for our country. This bipartisan plan, created by Alan Simpson, a former Republican senator, and Erskin Bowles, a Democrat who was previously the Chief of Staff under the Clinton administration, achieves debt reduction via tax to cuts ratio of 1:2.
Subscribe to RSS - Public economics

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!