In just weeks, the United States faces a whirlwind of tax increases, new health care levies and government spending cuts all pointing to a dramatic economic slowdown.
Without any direct, congressional intervention, over $600 billion (about 4% of U.S. GDP) in fiscal austerity is scheduled to take effect by early 2013.
Here are the facts:
The impact of the FISCAL CLIFF will not only be a battered US economy but lasting financial consequences including an economic contraction, de-valuation of the dollar, and millions left unemployed.
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