Looming Economic Crisis: 75% of Americans Cutting Back On Spending, Steep Spending Cuts Coming, Unfunded Federal Pension Liabilities Head Skyward, Fed Risks Losing Control Amid Budget Deficits
February 23rd, 2013
75% of Americans cutting back on spending, thanks to payroll tax hike
SPRINGFIELD, Mass. (WWLP) – The payroll tax hike that took effect as a result of the fiscal cliff is taking a toll on many Americans’ household budgets.
That change in federal tax law means people are taking home smaller paychecks, and that’s forcing nearly 75% of Americans to cut back on spending, according to theNational Retail
Read more at http://investmentwatchblog.com/looming-economic-crisis-75-of-americans-cutting-back-on-spending-steep-spending-cuts-coming-unfunded-federal-pension-liabilities-head-skyward-fed-risks-losing-control-amid-budget-deficits/#4BfxjGppxMucz7vE.99