Budget office: 'Fiscal cliff' cuts, tax hikes would lead to recession
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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Re: Budget office: 'Fiscal cliff' cuts, tax hikes would lead to recession
under this administration it's really a "fiscal gloryhole"