“Fiscal cliff” is the popular shorthand term used to describe the predicament that the U.S. government will face at the end of 2012. U.S. lawmakers have a choice to allow current policy go into effect at the beginning of 2013. This features a number of tax increases and spending cuts that are expected to weigh heavily on growth and possibly drive the economy back into a recession. Or, they can cancel some or all of the scheduled tax increases and
spending cuts, which would add to the deficit and increase the odds that the United States could face a crisis similar to that which is occurring in Europe. Many organizations face the same fiscal cliff, when it comes to leadership development over the next few years. | |