Budget office: 'Fiscal cliff' cuts, tax hikes would lead to recession

[FUZO]

Austere "fiscal cliff" tax increases and federal spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to 9.1 percent by next fall, congressional budget analysts said Thursday. 
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[irish_2003]

under this administration it's really a "fiscal gloryhole"