Hello,My professor asked me to do extra workwrite about 4 business articles each article 2 pagesthe...

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Hello,My professor asked me to do extra workwrite about 4 business articles each article 2 pagesthe article must be from:http://www.bloomberg.com/http://online.wsj.com/home-pagehttp://www.economist.com/one of the article due monday after thanksgiving break wich is 26th of nov and the others 1st of dec

Robert · Accepted Answer

ARTICLE 1
http://www.economist.com/news/united-states/21567125-finding-common-ground-cutting-spending-getting-down-brass-tacks
The article talks about the way the Congress is trying in specific terms to avoid the pitfalls of the impending fiscal cliff ( that entails tax increases and spending cuts) and reduce America’s long-term deficit.
The fiscal cliff is a series of events that are slated to culminate in Dec 2012 and would imply higher tax rates and a decline in spending by the government. The most important of these includes the expiry of Bush tax cuts. During Bush regime a series of tax cuts were introduce to expand economy. These were time bound and the need of 2012 was set then as the expiry date for these cuts, not knowing the recession that would hit US in 2008-09. These cuts amount to almost $300 billion. The second event is based on the 2011 Budget Compromise.
Quantitative Easing 1 and 2 caused massive rise in gvt spending which caused the fiscal deficit to soar to record highs in 2008 and 2009.

Hello, My professor asked me to do extra work write about 4 business articles each article 2 pagesthe article must be...

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