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Local economist: Cliff deal just a start

January 3rd, 2013 6:56 am by Rex Barber, NET News Service

Politicians in Washington may have reached a compromise on the so-called “fiscal cliff,” but there are still major issues to be discussed in the coming months regarding spending that could have major implications for the economy, according to one East Tennessee State University economics professor.

Douglas Dotterweich, an economics professor and urban and regional economist, said the most significant thing to come out of the tax package Congress passed New Year’s Day was in regard to revenue because the deal will raise about $600 billion over 10 years.

“It sounds like a lot but it’s not a lot considering where we are,” Dotterweich said

Read more at the Johnson City Press.

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