If you listen into the round table discussion of the US economy, as part of Fareed Zakaria's 2012 Feb 26 broadcast, at the 24 - 25 minute mark you hear about the potential contraction in the US economy at the end of 2012. In the congressional lame duck session, as bunch of tax cuts are due to expire and the mandatory (sic) spending cuts bite, you wonder what happens next with a fiscal tightening of 3.5% of GDP.
