Taxes, the Deficit/Debt, and the Fiscal Cliff

Since it appears most of the 'Election 2012' thread has run its course, I thought I'd start a new one that discusses taxes and the fiscal situation that country currently faces--being that this is now front and center and the results will affect almost all of us. It seems that something will be done soon concerning the tax code (unless Congress allows the all the tax cuts to expire for everyone), so what are the thoughts on what will actually happen, what should happen, and what the conseque
I was texting with some friends who were happy that our TSP was doing well this past year. Here's a few articles I've found the past few days: Over 1700 announced of possible 12,000 expected major retail stores closing in 2020 https://www.businessinsider.com/stores-closing-in-2020-list-2020-1 2019 Auto Sales lowest in 5 years https://www.pymnts.com/news/retail/2020/us-2019-auto-sales-were-lowest-in-five-years/ Auto Sales supported by sub-prime lending while delinquencies
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