If we had to venture a guess on what questions will arise in tonight’s town hall debate forum featuring Republican nominee Mitt Romney and President Obama, we’d put our money on two items: the economy and the nation’s debt. For the former, Romney will surely reinforce his plan to create private sector job growth, while Obama will cite improved economic numbers and a desire to invest in a vision for America’s future.
As far as the latter goes, that’s a far tricker item to tackle. The American debt crisis and the looming fiscal cliff have become somewhat of an embarrassment for both Democrats and Republicans, with failed leadership on both sides.
At the Big Picture Conference 2012, economic strategist Dylan Grice discusses the fiscal cliff and how the after-effects of the 2008 financial crisis coupled with Europe’s sovereign debt crisis could impact the United States and– more importantly–the people currently pay for that debt.