Skip to main content

LATEST UPDATES: Election 2020: Live Results | Tracking COVID-19 | Racial Justice

Fiscal Cliff Casts Shadow Over San Diego Economy

Congresswoman Susan Davis and Erik Bruvold, the president of the National University System Institute for Policy Research, talk to KPBS about the fiscal cliff and how it could impact San Diego's economy.

We're sorry. This audio clip is no longer available. A transcript has been made available.

San Diego's economy could be in for a rough ride if the federal government can't avoid the fiscal cliff.

— San Diego could end up with wide reaching impacts if federal lawmakers can't find a compromise solution to avoid the fast approaching fiscal cliff. Federal lawmakers are working to avoided automatic spending cuts and tax hikes that take effect in the new year, but there is no deal in sight.

Photo credit: Official US Navy Imagery

San Diego residents probably won't notice much change right away if there's no deal January 1st, but the region could see huge impacts by spring, according to Tony Cherin, a professor emeritus at San Diego State University

The tax hikes would be most noticeable if people have investment income. He said spending cuts will carve into the region's defense industry and probably hurt tourism.

"If there's an impact on let's say some of the entitlement programs, you might see impacts on biotech, things like that. But I would look first for the impact on the military," said Cherin.

Cherin stands with some economists who argue that that keeping spending flowing is more important that trimming deficits right now, because interrupting the economic recovery could do more harm than good for the nation's finances.

KPBS asked all three Republican congressmen from San Diego to appear on today's shows, but they were not available. Maureen Cavanaugh, Patty Lane and Peggy Pico contributed to this segment.


San Diego News Matters podcast branding

KPBS' daily news podcast covering local politics, education, health, environment, the border and more. New episodes are ready weekday mornings so you can listen on your morning commute.

  • Need help keeping up with the news that matters most? Get the day's top news — ranging from local to international — straight to your inbox each weekday morning.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Photo of Erik Anderson

Erik Anderson
Environment Reporter

opening quote marksclosing quote marksI focus on the environment and all the implications that a changing or challenging environment has for life in Southern California. That includes climate change, endangered species, habitat, urbanization, pollution and many other topics.

Want more KPBS news?
Find us on Twitter and Facebook, or sign up for our newsletters.

To view PDF documents, Download Acrobat Reader.