So now we choose...or more likely our government will choose. Tighten the belts and have a recession or keep putting it off and end up with huge debt held by the public.Now, the Congressional Budget Office is out with a new infographic on their baseline scenario which projects a recession for the U.S. economy in 2013. And an alternative fiscal scenario in which lawmakers extend tax cuts and prevent spending reductions. The infographic also looks at the impact this would have on the federal deficit, economic growth, and the implications this would have on future policy decisions.
Read more: INFOGRAPHIC: Fiscal Tightening Will Force The US Economy Into A Recession - Business Insider