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:
- U.S. fiscal health
- the job situation
- 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.