The AAII Denver Chapter presents...
"The Fiscal Cliff: Realities and Implications"
The Fiscal Cliff: an unusually blunt phrase coined by the typically softspoken Ben Bernanke. More than merely extending the so-called “Bush tax cuts” is involved. Automatic federal spending cuts, non-renewal of the 2% Social Security tax cut, a rise in the estate tax, and severe effects on the alternative minimum tax are involved. And, not surprisingly, the debt ceiling must again be raised. All in a partisan political year! If the lame-duck Congress doesn’t act before the end of 2012, paychecks will be reduced notably starting January 1, 2013. How large a dollar and percentage blow to GDP will this cause? Can the U.S. avoid a new recession if the cliff is not avoided? What are the scenarios for avoiding this dangerous event once the election is past—depending on any of three possible outcomes (one-party sweeps vs. ongoing divided government)? What are the implications of kicking the can down the road again? Don’t miss this urgently important exploration of our near-term future. And why not bring a friend to share the benefits that AAII offers investors?
| Attend This Meeting and Learn... |
 | Learn the size and details of this looming economic event |
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| Think about how election results could shape avoiding it
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| Ask questions of a politico-economic expert
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| Formulate your “what-if” portfolio strategies in advance
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