McConnon Comments about Fiscal Cliff
An article in My Generation, one of a group of KeepMEcurrent newspapers in southern Maine, included comments from University of Maine Cooperative Extension specialist and professor of economics Jim McConnon about the possibility of a fiscal cliff, or a return to another economic recession for the nation, if Congress fails to agree on extending some of the Bush-era tax cuts. McConnon said he doubts Congress will allow the entire list of tax cuts to expire in January. Another economic plunge will affect retiring baby boomers more seriously now than the crash several years ago, the article says.
Contact: George Manlove, (207) 581-3756