In response to:

About That Fiscal Cliff

antodav Wrote: Nov 21, 2012 10:56 PM
Better we go over it now than put it off for another ten years while pretending everything is OK, as Congress is wont to do. Mitt Romney said, "let Detroit go bankrupt." I say, "let the government go bankrupt."
Yikes, we're headed toward a fiscal cliff! It will crush the economy! Or so the media and politicians tell us.

The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts.

Will Congress act?

It will! I see the future: The politicians will meet and fret and hold press conferences and predict disaster. Then they'll reach a deal.

It will just postpone the reckoning, but they'll congratulate themselves, and the media will move on.

America, however, continues to go broke.

"They're not going to admit that we're bankrupt, and they won't...