The Fiscal Cliff, Disaster for Florida! |
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Monday, 03 December 2012 13:34 |
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— For Florida, falling off the "fiscal cliff" would wipe out more than 130,000 jobs, stifle consumer spending and raise taxes for just about everyone who pays them. That sounds like a recipe for disaster — because it is. Congress intentionally created a nightmarish scenario last year — automatic spending cuts and tax hikes totaling more than $500 billion in fiscal 2013 alone — to force itself to find a better way to ease the nation's debt. Continue
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