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TRiO and the fiscal abyss

December 11, 2012
By Tom Huber , Paul Smith’s College

If you pay attention to the political news, you are probably tired of hearing the phrase "fiscal cliff." So how about "fiscal abyss" instead? Is it gloomy enough for you? Maybe the imagery of dropping into a bottomless pit better captures the "free falling" consequences of what's at stake. The combination of expiring tax cuts with across-the-board automatic spending cuts, known as "sequestration," will likely plummet the country into another recession next year.



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