View All num of num See all Photos PNC Financial Services Group This employer has taken extra steps to respond to reviews and provide job seekers with accurate company information, photos, and reviews. Interested for your company?Learn More. www.pnc.com www.pnc.com Work in HR? Unlock Free Profile Overview Reviews Salaries Interviews Jobs Photos Benefits 1.2k Reviews 2.1k Salaries 633 Interviews 2.3k Jobs Follow Add Review or Salary Follow Add Review or Salary PNC Financial Services Group 1240 Interview Question Finance Intern Interview(Student Candidate) Pittsburgh, PA PNC Financial Services Group How would you resolve the financial cliff? Tags: See more , See less 8 Answer Add Tags Flag as Inappropriate Thank you! Your feedback has been sent to the team and we'll look into it. Oops! We're sorry but your feedback didn't make it to the team. Your input is valuable to us — would you mind trying again? Send Answer Interview Answer 1 Answer ▲ 0 ▼ Due to their being only two options to bring in government revenue and balance the budget to fix the 1 trillion dollar debt, you have to look at wear the main sources of revenue come from. They come from taxes. However when taxes are raised, it lowers people's incentives to try and make more money, due to diminishing returns on income. So as a result it would be best to cut entitlements, which makes up 1/3rd of gov spending. That way people wil be forced to work, due to not receiving their benefits, and it would contribute to GDP, improve our infrastructure, and bring in more income tax dollars due to a higher employment rate. Anonymous on 4 Dec 2012 Flag as Inappropriate Thank you! Your feedback has been sent to the team and we'll look into it. Oops! We're sorry but your feedback didn't make it to the team. Your input is valuable to us — would you mind trying again? Send Add Answers or Comments To comment on this, Sign In or Sign Up.