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  • Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

    Ben Bernanke
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    "Highlights: Bernanke's Q&A testimony to House panel". Ben Bernanke's remarks during the House Committee on Financial Services hearing at Rayburn House Office Building in Washington, D.C., www.reuters.com. February 29, 2012.
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Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. - Ben Bernanke
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