Monday, December 31, 2012

John T. Harvey — Happy New Year? Not if the President and Congress can Help It

For those who have followed my blog, there is absolutely nothing new here today. Instead of reading it, you can get ready for your New Year’s party or learn about yet another Dallas Cowboys late-season collapse. But in case my story is new to you, let me say it once more:the economy is not in good shape and, fiscal cliff or not, it’s about to get worse.
Forbes | Pragmatic Economics
Happy New Year? Not if the President and Congress can Help It
John T. Harvey | Professor of Economics, Texas Christian University

3 comments:

Matt Franko said...

Have to agree with John here in that we are "at ceiling" and it seems that govt is sufficed to operate for upwards of the next 2 months without issuing any $NFA... NOT GOOD.... rsp

Dan Kervick said...

Perfectly said.

Chewitup said...

Looks like payroll tax goes up 2%. Let's see what that does to overall sales. Credit will not make up the difference this time. I know my employees will feel it.