Critique: U.S. Fiscal Cliff Could Lead Global Recession

After reading this article I am in complete agreement with the notion that going over the fiscal cliff will most likely result in a global recession and although this will be an unfortunate event it is the best option for the future of the United States. The chances are high that if we dive off of the fiscal cliff the United States will plummet back into a recession. People will lose their jobs and our Gross domestic product will most likely decrease, but going off the cliff will not only have an affect on our country but it will also negatively impact other countries. Since the United States has the largest economy and our global reach is very far so if we go through a recession other countries will experience our recession.  Due to the large amount our country can consume many countries depend on the United States to import from them. But despite our relationship with other countries being in jeopardy our personal finances are in trouble the government expenditures have exceeded our revenue by a huge amount so that means that there will be large amount of government spending cuts made. It is true that we need to drastically reduce our spending but I disagree with the idea that we need to increase our taxes. Increasing our taxes will only have a negative effect on our economic growth, less people will be able to spend money and what we need right now is more money circulating through the economy.  Instead of kicking the can down the road and patching up the problem we need to use expansionary policies to heal our economy. If we kick the can down the road our future generations will have to deal with the problem at much more heightened level so as the author said it would be in the United State’s best interest if we deal with our financial problems now instead of later.  But reducing the amount of money we put into certain things like our net exports, education and other programs may launch the world into a recession.  If we reduce the amount of importing we do from other countries there economy will suffer and the jobs that were created overseas by United States owned companies will start to shut down as well.