Fear of Falling: What Will Going Over the Fiscal Cliff Mean to You?

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  • What's At Stake?
  • Unemployment
  • Unemployment Insurance
  • Government Jobs
  • Payroll Tax Holiday
  • Social Security
  • Higher Taxes for More
  • Ripple Effect
  • Got Milk?
  • Spending Cuts

Unemployment

The nonpartisan Congressional Budget Office reports that the automatic spending cuts and tax hikes that would result from going over the cliff would send the U.S. economy into a new recession. Unemployment would also rise to 9.1 percent by the end of 2013.

(Photo: Matthew Staver /Landov)

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