US Annual Overspending: $1.2 Trillion
Annual Amount from Proposed Tax Hikes on Wealthy: $120 Billion
Annual Savings from Proposed Entitlement Reforms: $80 Billion
Chances of US Averting Greece Style Austerity and Rioting: Zero
Time running out on &#145fiscal cliff’ deal – The Washington Post:: www.washingtonpost.com/business/fiscal-cliff/time-….html

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