Patch Political Digest
Does Fiscal Cliff Pose Economic Danger for Florida?
A University of Florida economist warns of massive job loss if a deal is not struck in Washington, D.C.
FISCAL CLIFF POSES DANGERS FOR FLORIDA by William Gibson of the Orlando Sentinel The Orlando Sentinel reported on the economic risks in the Sunshine State, if the budget is not cobbled out in Congress... "Without a deal, the combination of tax hikes and spending cuts would reduce Florida's economic output by $16 billion by the fourth quarter of 2013 and lead to a loss of 130,000 to 140,000 jobs, according to a University of Florida economist. "That's enough to set off a mild recession and an uptick in the state's unemployment rate, said UF's David Denslow, who made the projections after reviewing a Congressional Budget Office assessment of the nationwide impact and applying it to Florida. "On the other hand, he said, averting the cliff …
Linda Varonich
1:18 pm on Monday, December 10, 2012
EXTEND MIDDLE CLASS TAX CUTS NOW! Why does my Member of Congress, Bill Young, 10th CD, continue to vote to support his long term wealthy constituent’s portfolios and not ALL PEOPLE? Yet he refuses to meet and discuss his position. People of the State: I stand before you as a transplant from the Great Lakes region and state resident since May 2010. Both my husband and I lost our jobs, we lost our … more ›