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Simpson-Bowles: 2/3rds chance of going over 'fiscal cliff'

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Politics,Paul Bedard,Washington Secrets
The co-chairman of the famed tax and spending Simpson-Bowles commission said Wednesday that it appears the nation is headed over the "fiscal cliff," and that could lead to 9 percent unemployment, two million firings, a slash in economic growth up to 5 percent and a new recession. "That will lead to chaos," said Erskine Bowles, the Democratic half of the commission. Speaking to reporters at a...