Fiscal cliff: enter recession or grow debt ratio?

[Hyperion]

If no deal is made by mid-January, the US economy is predicted to enter a recession.

If a deal or compromise is formed, the US public debt is expected to grow to 90% of GDP.

Visual cue:


Which is the more preferable outcome in your mind?

[Spider]

The talking heads keep going on like 2013 can be a breakout year for growth if this thing at least gets a bandaid. The debt ratio is going to get worse no matter what.

[Kane]

Not true. If growth does pickup the deficit will narrow as revenue from tax receipts increases. I prefer debt regardless and I do think we're poised for good growth this year if politicians pull their heads out of their asses.

[Stratego]

Recession.

[Spider]

[Kane]

[The Dude]

debt. The debt is pretty much irrelevant right now.

Also, recession is a nonsensical answer, anyway. "recession now or we might have one later if we don't!" It's like breaking your leg on purpose before going skiing because you might run into a tree.


We're so close to turning the corner, too.

[The Dude]

[John Galt]

i think it's a bit insane to claim that a reduction in the growth of government spending would cause a recession, so this is a false choice

[The Dude]