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'Fiscal Cliff' Called an Economic Peril

Mike Allen, SAN DIEGO BUSINESS JOURNAL

Friday, August 24, 2012

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The nonprofit think tank said the looming expiration of tax cuts put in place during the Bush Administration coupled with planned $60 billion reductions in federal spending on both defense and non-defense discretionary programs would translate to the removal of total federal spending in the region from $4.3 billion to $5.9 billion.