RS 6 Cliffhanger
This blog post is my analysis of the PBS Frontline video “Cliffhanger,” which aired on February 12, 2013. In this video, Frontline investigates the country’s problem of debt and deficit. The video talks about The US Federal deficit or the government spending more than what they are getting in revenue in the year. The fiscal cliff was the sharp decline because of increased taxes in 2013 due to the new term. With the mid-term election it split up the power between republicans and democrats. President Obama was faced with tough decisions and private meetings were set up to try and accomplish something.
Debt is very bad for the economy and can truly hurt it. One major thing is lower the value of the dollar and is a crucial problem. The estimated time for the deficit to be reduced is in the year 2013 by about almost half. This can higher the unemployment, but increase the economic growth. We will see in this year to come, but it is truly something that has to be done. Everyone will be affect good or bad, but it is the only way for this to try to go away.
This blog post is my analysis of the PBS Frontline video “Cliffhanger,” which aired on February 12, 2013. In this video, Frontline investigates the country’s problem of debt and deficit. The video talks about The US Federal deficit or the government spending more than what they are getting in revenue in the year. The fiscal cliff was the sharp decline because of increased taxes in 2013 due to the new term. With the mid-term election it split up the power between republicans and democrats. President Obama was faced with tough decisions and private meetings were set up to try and accomplish something. 
Debt is very bad for the economy and can truly hurt it. One major thing is lower the value of the dollar and is a crucial problem. The estimated time for the deficit to be reduced is in the year 2013 by about almost half. This can higher the unemployment, but increase the economic growth. We will see in this year to come, but it is truly something that has to be done. Everyone will be affect good or bad, but it is the only way for this to try to go away. 
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