Finance expert Mike Periu on the framework for fiscal cliff compromise that is already in place.
In mid-2011, Republican Speaker of the House John Boehner and Democrat President Barak Obama were negotiating a deficit reduction. While that negotiation ultimately failed, the terms of that deal could serve as a starting point for negotiations on addressing the fiscal cliff. In that potential deal, both sides had agreed to a tax increase as well as spending cuts. Also on the table were changes to entitlement programs, such as increasing Medicare eligibility to age 67 and changing how Social Security Cost of Living Adjustments (COLA) were calculated. Changes to entitlement programs are both necessary for long-term financial stability and the most contentious part of any deal.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
A little about Mike Periu
Periu founded Proximo, LLC nearly 15 years ago. The company provides small business education and training services with an emphasis on finance and technology.
Periu teaches empowerment through entrepreneurship and economic opportunity. He regularly appears on television and radio talking about these subjects.
Periu also writes for leading blogs about finance. These include: American Express OpenForum, Yahoo! Finanzas and the Huffington Post.
Periu studied Finance and International Business at Georgetown University. He is a Board member at the Council for Economic Education.
