4. Belgium: The United State Is Closer to the Budgetary Wall
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- Seraphica thinks 6 Foreign Newspapers That Are Not Con... is Fail
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These countries must be taking calls from republicans. The only thing the “fiscal cliff” would do in the short term is stagnate the economy and after a couple of months things would level out. After a year the nation would be rolling in dough. More taxes, cuts to defense and other wasted programs and the “entitlements” would be redesigned to be more efficient with a major concentration on fraud. The end result, Obama could very well end up with a zero deficit in 4 years and budget surpluses for his last two years while Europe would still be trying to recover from austerity.