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December 27, 2012 11:30 pm
From Mr Mark M. Spradley.
Sir, In his article “Small window to pass 11th-hour deal” (December 22), on what will happen if the fiscal cliff talks fail, James Politi states that the pessimists argue “that a fiscal cliff dive, even if shortlived, is the most likely outcome at this stage”.
Sadly, a better analogy would be “fiscal bungee jumping”, since it’s more likely that Barack Obama and John Boehner will only agree on temporary unsystematic partial measures. Then, as in bungee jumping, the talks will continue to rise and fall until all of the natural energy is dissipated from the US economy.
Mark M. Spradley, Chevy Chase, MD, US
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