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Approaching the Edge 

By: Aquiles Suarez, vice president of government affairs, NAIOP Fall 2012

By now, anyone watching the struggles of the political class in Washington, D.C. in dealing with our national government’s deteriorating financial condition has heard pundits warn of the “fiscal cliff” awaiting us at the end of 2012 and into early 2013. The term, used by Federal Reserve Chairman Ben Bernanke, refers to the economic impact of expiring tax cuts, mandatory, across-the-board budget reductions, and another stalemate over raising the national debt limit.