Bloomberg BRIEF — Bloomberg's economics newsletter/radio show— has put together a comprehensive slide deck about what happens if and when we go over the fiscal cliff .
It's scary.
Basically, consumers are not prepared, no matter what scenario emerges from Washington.
But there are also many different scenarios, depending on the knock-on effect for the economy that scenario would entail.
Read on to see how bad it could get.
Huge thanks to Bloomberg BRIEF for permission to run their feature.
Going over the cliff will likely cause an instant recession
For instance, the expiration of the Bush tax cuts will blow out 1.3 percent of GDP
See the rest of the story at Business Insider
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