Later this week, President Obama will meet with Congressional leaders to begin negotiations on the “fiscal cliff,” the $560 billion in tax increases and budget reductions slated to take effect on January 1.
Economists predict that the combined cuts and increases will reduce the Gross Domestic Product by 4% and send the struggling economy into a deep recession if enacted.
The New America Foundation’s Economic Growth Program and Economists for Peace & Security co-host a panel discussion on ways to avoid going over the “fiscal cliff,” featuring financial experts and political thinkers.
Panelists include: James K. Galbraith of Economists for Peace & Security; Jared Bernstein of the Center on Budget and Policy Priorities; Bruce Bartlett of the New York Times Economix Blog; and Heather Hurlburt of the National Security Network.
Michael Lind of New America Foundation moderates the discussion.
via Economists Look For Ways to Avoid the “Fiscal Cliff” | C-SPAN.