There's Reason for Optimism Beyond Fiscal Cliff

There is no doubt that the looming “Fiscal Cliff,” poses a serious threat to the U.S. economy, however, concern over the potential impacts have diverted attention from fundamental strengths in the U.S. economy. The potential impact of falling off the fiscal cliff is large, with a probable recession in the beginning of 2013. The justified concern over the potential impacts of the fiscal cliff have served to obscure a number of fundamental strengths in the U.S. economy that could see economic growth pick up notably in 2013. If we are to take advantage of these strengths, however, Congress must act, providing both short-term relief from the front-loaded fiscal cliff as well as a long-term plan that provides confidence in the fiscal sustainability of our nation.  

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