Today on The Cycle: The economy election

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Joining the Cyclists in today’s guest spot is Bob Moritz, Chairman & Senior Partner of PwC. Bob Moritz is here to help us all understand the 3 big economic questions that need to be answered following the election:

  1. U.S. fiscal health
  2. the job situation
  3. global stability


Moritz says the largest immediate risk to our economic program is the “fiscal cliff.”  We spoke about it on the show before.  We’re facing a lame duck Congress, and if they don’t do anything by January first, Americans will see $600 billion in automatic tax increases and spending cuts.  It would amount to roughly a $3,500 tax increase for 90% of American families.

It is this economic uncertainty is a major reason why the nation is not recovering from its current economic slump. So will President Obama or Governor Romney be better for America’s economy in the next 4 years?  And regardless of who is elected, what is the one thing we could do to get us out of this mess?

Be sure to tune in at 3:30pm for the full conversation with Bob Moritz as these are just some of the questions our Cyclists will be asking.

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Today on The Cycle: The economy election

Updated